Welcome to the Provestor blog
Helping landlords stay up-to-date on all things 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).
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.
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.
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.
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.
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.
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.
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.
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.
Customer Story - Gary Woolridge
Gary shares his first-hand account of what it's like working with Provestor, the property accountants.
High street brands diversify into property
John Lewis and Lloyds Banking Group have both recently announced plans to diversify into the residential property market.
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.
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.
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.
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.
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.
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.