Welcome to the Provestor blog

Helping landlords stay up-to-date on all things property tax 👊

Welcome to the Provestor blog

Helping landlords stay up-to-date on all things property tax 👊

Property tax

Budget 2024: Furnished Holiday Let Tax Changes

In the March 2024 budget, the Chancellor announced the end of the Furnished Holiday Let (FHL) tax regime. This shock announcement has left investors worried about the future. In this blog, our Head of Tax unpacks the impact of the holiday let tax changes and advises how FHL owners can assess the impact on their investment strategies and plan ahead.

By Nadeem Raziq | 11/03/2024
Property tax

Spring Budget 24: Overview for landlords

In the Spring Statement, the Chancellor, Jeremy Hunt, set out his plan to promote growth. In this post, we look at the key tax changes that property investors need to know about.

By Hollie Chapman | 06/03/2024
Business

Best UK rental yield hotspots for 2024

If you're planning to invest in rental properties in 2024, it's important to focus on locations that offer the highest rental yields. In this blog, we will share the top UK rental yield hotspots, along with tips to help you find the best investment opportunities.

By Hollie Chapman | 29/01/2024
Business

Autumn Statement 23: Overview for landlords

In the Autumn Statement, the Chancellor Jeremy Hunt set out his plan to promote growth. In this post, we look at the key tax changes that property investors need to know about.

By Hollie Chapman | 22/11/2023
Business

Essential Mortgage & Property Trends for Your 2024 Investment Outlook

Nick Sheppard, managing director of Framework Mortgaging, shares his insights on the mortgage market and key things for buy-to-let investors to consider heading into 2024.

By Nick Sheppard | 03/10/2023
Business

What landlords need to know about the Renters’ Reform Bill

The upcoming Renters' Reform Bill, as discussed by Housing Secretary Michael Gove, aims to fundamentally alter the relationship between landlords and tenants in the UK. The bill is designed to offer tenants enhanced protection against unpredictable rent increases and other issues. In this blog, we’ll explore exactly what the proposed reforms mean for landlords.

By Hollie Chapman | 17/05/2023
Business

The 2023 How to Rent Guide: What Landlords Need to Know

As a landlord, you are required to provide your new tenants a copy of the government's How to Rent guide. In this blog post, we'll cover what the guide is, what it includes, and why it's important to provide the latest version to your tenants.

By Shannon Hawley | 14/04/2023
Property tax

Tax changes for landlords: April 2023

The new tax year begins on 6th April and with it comes a host of tax changes. In this blog, we’ve summarised the key tax changes that landlords need to know about.

By Hollie Chapman | 29/03/2023
Property tax

Are you ready for the end of the tax year? 4 priorities for landlords

As the end of the tax year approaches, it’s a good time for landlords to review their tax affairs and take advantage of any available tax efficiencies while also preparing for the upcoming year. There are four things that should be top of the list to check: expenses, salary, dividends and pension. In this blog, we’ll explore each of these areas in more detail.

By Hollie Chapman | 28/02/2023
Property tax

Limited vs personal: How should I buy my first buy-to-let property?

When it comes to buying investment property, should you do it personally or through a limited company? It's a decision that can have a significant impact on your finances and investment goals. In this article, we'll help you decide whether a limited company is the right choice for you by looking at the advantages and disadvantages.

By Shannon Hawley | 27/02/2023
Property tax

5 mistakes landlords make on their Self Assessment Tax Return

As a landlord, self-assessment tax returns can be a confusing and overwhelming process. In this blog post, we break down five of the most frequent mistakes we see landlords make when filing their taxes, and how to avoid them. From how to calculate mortgage interest correctly to claiming the right expenses, we've got you covered.

By Shannon Hawley | 23/01/2023
Property tax

MTD for landlords delayed until 2026

The government has announced that Making Tax Digital for Income Tax will be delayed by two years for landlords and self-employed individuals, giving people longer to prepare for the change to digital taxation.

By Hollie Chapman | 21/12/2022
Business

Property predictions for 2023

The last quarter of 2022 has been turbulent to say the least. The Provestor team share how they are navigating the current landscape with their own property portfolios and what landlords need to watch out for heading into 2023.

By Hollie Chapman | 19/12/2022
Property tax

How Capital Gains Tax changes will affect landlords from 2023

From April 2023, landlords selling a property will be required to pay thousands of pounds more in capital gains tax (CGT), as a result of the tax changes announced in the recent Autumn Statement.

By Shannon Hawley | 19/12/2022
Business

Throw a Christmas party and save tax

With the festive season just around the corner, you might be preparing for your eagerly anticipated Christmas shindig. Did you know you can claim back the cost of an annual party from HMRC? Christmas parties are the perfect way to boost employee morale, increasing cohesion between staff members and letting you celebrate any achievements over the past 12 months. Plus, who doesn’t love a Christmas dinner and receiving gifts from secret Santa?

By Shannon Hawley | 28/11/2022
Property tax

Welsh government announces Land Transaction Tax changes

Following the Government’s mini budget announcement that stamp duty land tax (SDLT) would be cut significantly, the Welsh government has responded by announcing changes to Land Transaction Tax (LTT).

By Chris Littlewood | 10/10/2022
Property tax

Stamp duty cut in Mini Budget: UPDATED

The new Chancellor, Jeremy Hunt, has announced the government is scrapping almost all of the tax measures set out in its mini-budget three weeks ago to “provide confidence and stability”.

By Hollie Chapman | 26/09/2022
Business

Impact of rising interest rates on landlords and property investors

In our latest blog, we take a look at the effect of rising interest rates on landlords and property investors and what they can do to mitigate the impact.

By Hollie Chapman | 24/08/2022
Business

Throw a staff party and save tax this summer

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.

By Hollie Chapman | 10/08/2022
Business

Queen’s Speech 2022: Key takeaways for landlords

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.

By Hollie Chapman | 13/05/2022
Property tax

What landlords need to know about Annual Tax on Enveloped Dwellings (ATED)

Does your limited company own residential property that’s valued close to or over £500k? If so, you’ll need to meet your ATED reporting requirements for the 2024/25 year by 30 April.

By Chris Littlewood | 25/02/2022
Business

Best UK rental yield hotspots for 2022

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.

By Hollie Chapman | 20/01/2022
Business

3 things you don’t want to get wrong when setting up your property company

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.

By Nadeem Raziq | 10/12/2021
Business

Checklist: Setting up a limited company for property

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.

By Hollie Chapman | 07/12/2021
Property tax

HMRC consultation on changes to SDLT calculations for mixed-property plus MDR reform

HMRC has announced a consultation seeking views on changes to SDLT calculations for mixed-property purchases and reform to Multiple Dwellings Relief (MDR).

By Nadeem Raziq | 03/12/2021