News & Updates

Major repairs to a let property – What is deductible?

Major repairs to a let property – What is deductible?

Major repairs to a let property – What is deductible?Jess Brooks
Published on: 23/09/2025

Not all property repair costs are tax-deductible. Landlords must distinguish between revenue repairs and capital improvements to claim the right relief and avoid HMRC challenges.

Property
Passing on the farmhouse – Implications of the changes to APR and BPR

Passing on the farmhouse – Implications of the changes to APR and BPR

Passing on the farmhouse – Implications of the changes to APR and BPRJess Brooks
Published on: 16/09/2025

From April 2026, APR and BPR will be capped at £1m per estate. Farmers passing on land, buildings, or a farmhouse should review their wills and succession plans to avoid higher inheritance tax.

Property
Tax implications of letting a room in your home

Tax implications of letting a room in your home

Tax implications of letting a room in your homeJess Brooks
Published on: 09/09/2025

Thinking of letting out a spare room? The Rent a Room scheme lets you earn up to £7,500 tax-free each year. Learn how it works, when to report income, and whether to claim actual costs instead.

Property
Holiday lets and business rates

Holiday lets and business rates

Holiday lets and business rates Jess Brooks
Published on: 27/08/2025

If you own a holiday let, you may qualify for business rates instead of council tax, and even benefit from small business rate relief. Here’s what landlords in England & Wales need to know.

Property