Welcome to the Provestor blog

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

Business

Spring Statement 22: Overview for landlords

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.

By Hollie Chapman | 31/03/2022
Property tax

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

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.

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
Property tax

Self Assessment Tax Return for landlords - 2020/21 tax 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.

By Hollie Chapman | 15/12/2021
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
Property tax

How to pay less SDLT with Multiple Dwellings Relief

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.

By Nadeem Raziq | 05/11/2021
Business

Autumn Budget 21: Overview for property investors

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.

By Hollie Chapman | 29/10/2021
Provestor updates

Announcing our new integration with Arthur

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.

By Jess Austin | 27/10/2021
Business

Landlords: key things to know about business bank accounts for property investment

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.

By Hollie Chapman | 14/10/2021
Provestor updates

Software update: October-21

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.

By David Ducker | 06/10/2021
Business

3 things property investors need to know about limited company structures

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.

By Nadeem Raziq | 01/10/2021
Property tax

Making Tax Digital delayed to 2024 for landlords

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.

By Hollie Chapman | 29/09/2021
Property tax

Dividend and NI tax rises: is an SPV still the right choice for property investment?

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.

By Nadeem Raziq | 16/09/2021
Customer stories

Customer Story - Gary Woolridge

Gary shares his first-hand account of what it's like working with Provestor, the property accountants.

By Jess Austin | 27/08/2021
Business

High street brands diversify into property

John Lewis and Lloyds Banking Group have both recently announced plans to diversify into the residential property market.

By Hollie Chapman | 26/08/2021
Provestor updates

Software update: August-21

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.

By Paul Nicklin | 18/08/2021
Business

Is it worth investing in a holiday let?

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.

By James Poyser | 20/07/2021
Data & trends

Women now make up 48% of the UK’s 2.6m buy-to-let investors

Statistics show the gender gap in buy-to-let is narrowing with more women becoming landlords and growing their property portfolios.

By James Poyser | 16/07/2021
Property tax

Stamp duty holiday extension taper now in effect

On 1st July, the Chancellor's Stamp Duty holiday changed from the full amount to the taped extension.

By James Poyser | 13/07/2021
Property tax

New stamp duty surcharge for overseas property buyers from April 2021

From April 2021, an additional 2% stamp duty surcharge will apply on top of existing stamp duty rates for overseas (non-UK residents) purchasing property in England or Northern Ireland.

By James Poyser | 08/07/2021
Property tax

5 ways to save tax with a property investment company

When you purchasing a buy-to-let, there are two main ways of buying the property: you can either buy it personally or buy it through a property investment company (also known as an SPV). This article looks at 5 ways you can save tax by purchasing property through a limited company.

By James Poyser | 06/07/2021