We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
We're aware that some users are currently experiencing slow loading times and errors on the Forum. Our tech team is working to resolve the issue. Thanks for your patience.
Good news for tenants RENTS FALLING
Comments
-
Looks like that while removing the 10% standard allowance for furnished rentals, the Chancellor added a new £1000 allowance for all BTLs furnished or not, so long as no other expenses are claimed for the same tax year.
So... do all your repairs & upgrades in one tax year, spend nothing the next and claim your £1000 non-taxed allowance, alternate every year, rinse & repeat!
Complicated but fun for the crafty tax-reducing landlord.
When will the taxmen of the world learn that simple=good and probably raises more tax revenue in the end.0 -
Looks like that while removing the 10% standard allowance for furnished rentals, the Chancellor added a new £1000 allowance for all BTLs furnished or not, so long as no other expenses are claimed for the same tax year.
So... do all your repairs & upgrades in one tax year, spend nothing the next and claim your £1000 non-taxed allowance, alternate every year, rinse & repeat!
Complicated but fun for the crafty tax-reducing landlord.
When will the taxmen of the world learn that simple=good and probably raises more tax revenue in the end.
which allowance is this?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards