Tax on Rental Income

  • Home
  • Tax on Rental Income
refurbishing

Are you refurbishing your new buy to let property?

When properties are purchased, one of the first thing that is planned is refurbishment. These refurbishing done may have different types of tax implications depending on the work done. The refurbishment could either have capital or revenue nature. Difference between capital works and revenue refurbishment. The difference between capital and revenue refurbishment relies mostly on […]
Read More
Self-assessment system in Uk

THE SELF-ASSESSMENT SYSTEM IN THE UK

Self-assessment system is used by the HMRC to administer and collect tax from taxpayers in the UK. Most UK taxpayers’ tax is collected at the source, however, some taxpayer under this system have to administer their tax by themselves. If not administered well, they are given penalties and made to pay interest on unpaid tax. […]
Read More

Taking the offer before it is too late

By Ola Sulaimon IN the UK, individuals that earn income from letting property normally pay tax on their rental income. The tax would be applied on the rental profit rather than the rental income. At Ronzl accounting firm in the United Kingdom, we also support individuals that are trying to take advantage of the property […]
Read More