Landlords – How to Maximise Property Tax Reliefs

Landlords – How to Maximise Property Tax Reliefs

This report covers a critical aspect of property business taxation: the ‘Capital versus Revenue’ divide. We’ll be covering this from basic principles upwards, so everyone, from the first time investor through to the property veteran, can take away something useful.

Here are the contents of the guide:

• Property Tax Fundamentals
• What is the Capital / Revenue Divide and Why is it Important?
• Why is it Important?
• Property Life Cycle and Tax
• How Each Stage is Taxed – Why Revenue is “Better” than Capital
• The Capital / Revenue Divide – When is it Capital and When is it Revenue?
• Property Repairs
• What Do HMRC Consider?
• Making Repairs to Occupied Property
• Replacement Windows – Using Modern Materials or Construction Techniques
• New Kitchen Units – Replacing an Asset in its Entirety
• Improvements – Quantity or Quality?
• New Carpets – Capital or Repair? You Decide!
• Wiring Overhaul – “Necessary” Doesn’t Necessarily Mean Allowable
• Why was the Expense Incurred?
• Central Heating System
• Re-Decoration Throughout
• Tax Treatment of Capital Expenditure – All is Not Lost!
• Last Call for Revenue Deductions
• ...And Watch Out for Maintenance & Finance Costs When Selling
• Relief for Capital Expenditure
• Capital Allowances
• Wear and Tear Allowance
• The Renewals Basis
• Landlord’s Energy Savings Allowance