Helping landlords stay up-to-date on all things property tax 👊
Enjoying the hot summer weather? Fancy a celebration on your limited company? Read on to learn how you can save tax by throwing a staff summer party.
A review into the impact of increases in short-term holiday lets has been launched by the Government, indicating that regulation could soon be coming to the holiday let market.
The Government has recently announced several tax changes that will impact furnished holiday let owners. In this blog, Provestor’s Client Manager Chris Littlewood sets out the key things property investors need to know to retain access to business rates.
In the Queen's Speech (May 10), the government announced its Levelling Up and Regeneration Bill, as well as a Renters Reform Bill. We’ve summarised the key takeaways for landlords and property investors in this post.
Overall, the Spring Statement 2022 was relatively quiet for landlords. In this post, we look at the key areas that property investors need to know about.
Do you own residential property that’s valued close to or over £500k? If so, you’ll need to consider the upcoming fixed ATED revaluation date.
2021 was a record year for house price and rental yield growth. This growth is set to continue in 2022 as recovery from the pandemic continues. In this blog, we take a closer look at the top city locations tipped for high rental yield this year.
As the year comes to an end, don't forget about the upcoming January submission and payment deadlines for Self Assessment tax returns. Whether you own property in a limited company or your personal name, you need to be aware of your income and capital gains tax liabilities. In this blog, we outline the key things landlords need to know to complete a Self Assessment.
It’s pretty straightforward to set up a limited company on Companies House. However, getting the right structure for your property business goals and tax planning is more tricky. In this blog, Provestor’s Head of Tax, Nadeem Raziq, and FCLS Director, Steve Blackmore, explain why it’s so important to structure a company correctly from day one and look at 3 common mistakes made with DIY incorporations.
You’ve done your research and have decided that a limited company is the right choice for your property business. Before you start the setup process, here's a final checklist of key questions to ask yourself.
HMRC has announced a consultation seeking views on changes to SDLT calculations for mixed-property purchases and reform to Multiple Dwellings Relief (MDR).
We’re often asked about the reliefs available to offset taxes when buying and selling property. In this blog, we’re taking a deep dive into Multiple Dwellings Relief (MDR) which can be used to offset the amount of stamp duty paid when purchasing multiple properties in the same transaction. We’ll cover what MDR is, the qualifying criteria and how to claim it to reduce your SDLT bill.
Many landlords are breathing a sigh of relief after the Autumn Budget. In this post, we look at the key areas of the budget that landlords and property investors need to know about.
You can now integrate your portfolio in Arthur with our property accounting software and enjoy an effortless, end-to-end property management and accounting solution.
It's good practice to separate your personal finances from your business. For landlords, this is particularly important, especially if you are planning to grow your property portfolio. If you own property through a limited company, separating your business finances is a legal requirement.
In the latest update to the Provestor property accountancy software, we’ve added a brand new 'Get Help' section and have overhauled the Reports section.
Getting your business structure right could make a big difference in the amount of tax you’ll be paying. This blog post examines the different types of limited company structures for property businesses and the key reasons why it’s important to get set-up correctly.
Landlords who complete self-assessments will have an extra year to prepare for Making Tax Digital, which will now be introduced in April 2024 instead of 2023.
The Prime Minister’s announcement of a 1.25 percentage point rise in tax on dividend shares may come as a blow to property investors operating via a limited company, particularly after the increase to corporation tax announced in the March budget.
Gary shares his first-hand account of what it's like working with Provestor, the property accountants.
John Lewis and Lloyds Banking Group have both recently announced plans to diversify into the residential property market.
Welcome to the first Provestor software update blog! 👋 We’re very lucky to have a superb in-house team of developers working on our award-winning accountancy software. Going forward, we’ll be sharing the latest software releases, technical news and updates from our development team.
With 4 in 5 Brits planning a 2021 staycation, it’s easy to see why many investors are considering purchasing a holiday let. Whether you’re dreaming of a Cornish cliffside cottage or a New Forest bolthole, owning a holiday let is the ultimate dream property investment for many.
Statistics show the gender gap in buy-to-let is narrowing with more women becoming landlords and growing their property portfolios.
On 1st July, the Chancellor's Stamp Duty holiday changed from the full amount to the taped extension.