07 - August 2019Who the phone contract is billed to makes a big difference in tax.
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Tax-free mobile phone Mobile phones are ubiquitous – they are also subject to a tax exemption which enables employees to enjoy a mobile phone provided by their employer without suffering a benefit in kind tax charge. However, as with all exemptions there are conditions to be met for the exemption to apply. Nature of the […]
05 - August 2019Do you think electric cars are worth the tax-free benefits?
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Electricity for electric cars – a tax-free benefit The Government is keen to encourage drivers to make environmentally friendly choices when it comes to choosing a car. As far as the company car tax market is concerned, tax policy is used to drive behaviour, rewarding drivers choosing lower emission cars with a lower tax charge, […]
27 - July 2019A quick guide on how to manage costs and expenses as a work from home landlord
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Managing a rental business from home A landlord will often manage their property rental business from home, and in doing so will incur additional household expenses, such as additional electricity and gas, additional cleaning costs, etc. As with other expenses, the landlord can claim a deduction for these when working out the profits of the […]
25 - July 2019The letting of a jointly-owned property in itself does not give rise to a partnership, so what does?
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Property partnerships A person may own a property jointly that is let out as part of a partnership business. This may arise if the person is a partner of a trading or professional partnership which also lets out some of its land and buildings. A less common situation is where the person is in a […]
23 - July 2019Today’s blog covers taxing rental deposits – what’s the most you’ve spent repairing after a tenant has moved out?
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Rental deposits A landlord will usually take a deposit from a tenant when letting a property to cover the cost of any damage caused to the property by the tenant. Where a property is let on an assured shorthold tenancy, the tenants’ deposit must be placed in an official tenancy deposit scheme. The purpose of […]