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Was it the tax that shrank it? Tax issues for domestic property rentals
Manage episode 367945541 series 3467431
Το περιεχόμενο παρέχεται από το The things we do for tax. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον The things we do for tax ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
This episode’s guest is Ros Martin who is a leading tax trainer and consultant. Ros can be contacted through her website taxdr.co.uk or via email at ros@taxdr.co.uk
The episode is a refresher of the tax issues met when dealing with the small private landlord. A reminder of key issues and a look at areas that are often overlooked.
Brief overview of tax situation – Selection of year-end – Use of cash accounting – Class 2 and 4 National insurance – MTD – Initial costs of the property – Refurbishments and capital costs including a range of examples – Interest on loans to finance the property – Tax losses – Furnished holiday lets – SDLT issues to watch out for including multiple dwellings – Reporting capital gains
Check www.thethingswedofortax.co.uk for new episodes providing CPD for tax accountants
Κεφάλαια
1. Was it the tax that shrank it? Tax issues for domestic property rentals (00:00:00)
2. Brief overview of tax situation (00:02:10)
3. What year end must the client select? (00:02:39)
4. Cash accounting or not to cash account (00:03:11)
5. Class 2 National insurance (00:04:03)
6. MTD (00:06:57)
7. Initial costs of the property (00:08:30)
8. Refurbishments and capital costs (00:11:00)
9. Treatment of interest on loans to finance the property (00:16:52)
10. Losses (00:19:29)
11. Furnished holiday lets (00:21:18)
12. SDLT - the main issues to watch out for (00:24:45)
13. Reporting the capital gains (00:32:24)
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