Making Tax Digital (MTD) is transforming how landlords are required to report their property income. If you are a buy-to-let landlord, it’s essential to understand what MTD means for you and how to stay compliant—especially as the phased rollout begins in April 2026. What Is Making Tax Digital? MTD is HMRC’s initiative to digitise the UK personal…Read More
What You Need to Do To stay compliant with MTD, landlords must: What steps to take to be ready for MTD As landlords prepare for Making Tax Digital (MTD), they have a valuable opportunity to streamline their financial management by using software to efficiently track income and expenditure. At PJCO we have partnered with a…Read More
At PJCO, we regularly meet landlords and property investors who are unknowingly paying more tax than necessary. The truth is, the UK property tax rules offer legitimate ways to reduce your bill — if you know where to look. Here are some of the strategies we use to help our clients legally minimise their property…Read More
For landlords with a few rental properties, the way you structure your portfolio can significantly affect your tax bill. Having property in your personal name can be straightforward, however for higher rate and additional rate taxpayers, the restriction on mortgage interest relief can make this costly for you. Having your portfolio in a limited company…Read More
LPC stands for Let Property Campaign. The LPC was created by HMRC for landlords who have not declared all their rental income to come forward to disclose any unpaid tax. The LPC is applicable to landlords renting out the following types of properties: However, an LPC is not applicable to landlords letting out to non-residential…Read More
The Let Property Campaign (LPC) was created by HMRC for landlords who have not declared all their rental income to come forward to disclose any unpaid tax. The LPC is applicable to landlords renting out the following types of properties: HMRC has harsh penalties for individuals that are not disclosing rental income. Penalties can be…Read More
Statistics in 2023 show that 28% of young people aged between 20 and 34 years were living with their parents. Having an extra adult in the house means that groceries, utility bills and other living expenses would increase and ultimately means more costs. Rent-a-room relief was introduced by the government to allow for more low-cost…Read More
Residential property gains are a critical consideration for landlords, especially when selling buy-to-let properties or inherited estates. Understanding the tax implications and reporting requirements is essential to avoid penalties. Planning is vital, as it ensures compliance with HMRC guidelines and minimises tax liabilities. Residential property gains refer to the profit made when selling or disposing…Read More
As of 6th February 2025, the Bank of England announced a reduction in the base interest rate from 4.75% to 4.5%. This 0.25% decrease has sparked discussions among industry experts, with many speculating that further cuts may be on the horizon throughout the year. If this trend continues, it could significantly enhance affordability in the…Read More
In the UK, married couples receive special tax treatment, and as a result, understanding these rules can give newlyweds a head start in building a stable financial foundation for the future. For example, when it comes to income tax on rental properties, some of you may be aware that if a married couple jointly owns…Read More
With the 2025/26 tax year looming and the greatest changes to Pay As You Earn (PAYE) seen in a number of years, PJCO has put together this handy guide to help you and your company achieve the most tax efficient salary solutions. Director Only Payroll (One Director) If you are a single director on your…Read More
In the Autumn Budget, Rachel Reeves announced changes to the Stamp Duty Land Tax (SDLT) thresholds, which come into effect from the 1st April 2025. These changes, combined with the new SDLT rate for property investors and limited companies, can have a significant impact on property investors during one of the busiest periods for the…Read More
Planning ahead is vital for the success of any property business, as this will allow you to grasp opportunities as they arise. Many landlords will have now heard about the upcoming changes to income tax reporting in the form of Making Tax Digital (MTD) for income tax. For many landlords, the thought of an increase…Read More
When tenants leave a rental property, landlords often face questions about covering property expenses and whether tax relief can be claimed on costs incurred during the vacancy period. Understanding the tax implications of such situations is essential for maintaining profitability and compliance. Claiming Tax Relief on Expenses for Vacant Properties If your property is temporarily…Read More
The recent adjustments to Stamp Duty Land Tax (SDLT) announced in the Labour budget on October 30, 2024, have brought significant implications for property investors. If you’re looking to make a residential property purchase, it’s important to consider how these changes may affect your return on investment (ROI). In a previous blog, we outlined the…Read More
Beware of little expenses; a small leak will sink a great ship.
Benjamin Franklin
