The Impact of the Covid-19 Crisis on Landlords’ Tax Bills

by Chris Bailey | May 4, 2020 | Featured, Landlord Tax Planning

Originally published 29th March on the Property Notify Website. From a purely financial perspective, the government has ruled out rent holidays during the Covid-19 epidemic. At the same time, landlords are being called upon not to evict tenants for at least a...

Options for the Self Employed during COVID 19

by Julie Hughes | Apr 22, 2020 | Blog, Featured

“Am I eligible for the self employment grant and how can I apply?” This is one of the most asked questions we are receiving from our landlord community and we understand that this area is causing frustration due to the many exclusions. The aim of the grant is to pay...

Are you eligible and how much you can claim to cover wages for employees on temporary leave (“furlough”) due to coronavirus (COVID-19).

by Julie Hughes | Apr 2, 2020 | Blog, Featured

If you’re an employer whose operations have been affected by COVID19 then you may want to consider accessing the Government’s Job Retention Scheme. In this blog, our accountants at ‘The Bailey Group’ help you to understand the key features of...

Covid-19 – What’s happening in the Property Market? Predictions and Practical Guidance on the position of each Lender including how their criteria has changed and who is willing to do AVM/Driveby valuations.

by Julie Hughes | Mar 31, 2020 | Blog, Featured

Update 1st April 2020: Whilst we are monitoring the market changes on a regular basis and will update this blog if new information emerges, it’s crucial to point out that this information is as accurate as far as we are aware when writing this blog, but do bear...

What is Section 24? Common questions about Mortgage Interest Tax Relief Restrictions

by Ben Rose | Mar 11, 2020 | Article - Section 24, Featured, Landlord Tax Planning

Section 24 Update for Private Landlords: FROM APRIL 6th 2020 – MORTGAGE INTEREST IS NOW FULLY DISALLOWED AND REPLACED WITH A MAXIMUM OF A 20% TAX CREDIT. What are the ‘Section 24’ Tax Changes?  The Section 24 tax changes restrict tax relief for finance...

HMRC set up ‘Secret Unit’ to investigate Family Investment Companies

by Ben Rose | Feb 26, 2020 | Featured, Landlord Tax Planning

News of a ‘secret unit’ set up to look at Family Investment Companies (FICs) has been circulating in the national press. HMRC quoted in the FT said that its purpose is: “to look at FICs and do a quantitative and qualitative review into any tax risks associated with...