When you decide to invest in a property, you must survey it properly. You must do so to make sure there are no issues with the structure or any other cause for concern. There are certain standards that property owners must maintain so that the house is fit to live in. Otherwise, it is unlikely […]

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Undoubtedly, tax implications are complex. When it comes to declaring your Capital Gains Tax (CGT) for HMRC, you must know how to proceed. Also, you should know there are consequences if you fail to do so. Correctly reporting your Capital Gains Tax (CGT) and losses is important. There are certain exemptions and ways to reduce […]

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How Does the Taxman Find Out About Rental Income UK 2023

  • Shaz Nawaz
  • October 5, 2023
  • 12 min read

As a property investor, you need to understand how tax applies to your rental income. Usually, you must complete a self-assessment tax return yearly. It is important to declare your rental income to HMRC. Otherwise, you will face consequences such as penalties. Before you submit your tax return, you must make sure that it includes […]

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