Landlords & Property Owners Factsheets - February 24th 2022

We have compiled a variety of fact sheets covering all aspects of property investing and trading.  Following common queries from clients they provide both technical and practical information on relevant topics including:-

• Letting conditions for Furnished Holiday Lets
• Rules for CIS contractors
• How does the finance cost allowance actually work?
• How do you register for CIS
• Whats the difference between cash accounting and traditional accounting
• How to claim your £1000 property allowance
• CIS - Are you a property investor or developer?
• How does the rent-a-room scheme work
• Can I transfer my investment income to my spouse
• VAT rules for serviced accommodation
• Is it a repair or improvement (revenue or capital expenditure)
• Replacement of domestic items relief (RDI)
• How to complete a monthly CIS return
• How to pay interest to a director or individual lender (CT61)