Taxation Rules For Landlords Rules on paying tax when renting out your property can be quite complicated and are updated regularly so it pays to get professional advice. However here is a short guide to help you understand some of these complex rules. 1. Paying Income Tax When you first rent out your property you must tell HM Revenue and Continue Reading →
With interest rates remaining low, house prices continuing to rise and the recent changes to pensions, more people are looking at buy to let as an investment option. This week we look at the five main things it is well worth considering before making that commitment. 1. Target Audience The most important decision to make is who you want your Continue Reading →
Last week we looked at Tenants deposits. This week we are looking at furnishing your rental property. Should I Let My Property Furnished? As a landlord you will need to decide whether to let your property furnished, part furnished or unfurnished. Furnished This includes everything – furniture, furnishings, beds, desks. Tenants from different areas of the UK have different expectations of Continue Reading →