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
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
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
The Renters’ Rights Bill is currently being debated in the House of Lords, having already passed the House of Commons. While the bill primarily focuses on increasing tenant protections, it also presents a significant shift in responsibilities for landlords. For the majority of landlords who already maintain high standards, these changes represent an additional layer…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
Managing taxes is a critical part of running a successful small business. For entrepreneurs in the UK, staying on top of key tax deadlines can save time, reduce stress, and help avoid penalties. Here is a comprehensive guide to the important tax dates for 2025 to keep your finances in order. Managing taxes is a…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
The recent budget announcement by the Labour government on October 30, 2024, brought significant changes to Stamp Duty Land Tax (SDLT) thresholds and rates. If you’re in the market for a property, these changes could have a notable financial impact, particularly if you’re an investor or purchasing a second home. For instance, purchasing a property…Read More
The recent Autumn Budget has introduced notable adjustments to Capital Gains Tax (CGT) rates, set to affect taxpayers for the current tax year and beyond. These changes may have significant financial implications, especially for property investors and landlords, as they prepare for their tax liabilities by January 2026. Changes to Capital Gains Tax Rates Before…Read More
Letting agents typically deduct their fees directly from your rental income and deposit the net amount into your bank account. Here’s a quick guide on how to handle these transactions in QuickBooks Online. You will then see the net amount reflected in your bank account, and you’ll need to select the option to Split the…Read More
The recently released Autumn Budget presents the Labour government’s economic outlook and policy plans for the next five years, with significant updates affecting property owners and investors. Here’s what landlords need to know. 1. Increase in the Stamp Duty Land Tax (SDLT) Surcharge One of the major announcements in the budget is the increase in…Read More
In this year’s Spring Budget, the government announced the repeal of the Furnished Holiday Lettings (FHL) regime, which will take effect on April 6th, 2025. While many are aware of the impending change, the full implications on businesses operating under the FHL regime might not be as well understood. This transition will significantly alter how…Read More
Beware of little expenses; a small leak will sink a great ship.
Benjamin Franklin
