fbpx

Landlord Tax Reduction

Landlord tax reduction

Landlord Mortgage Interest Relief is phasing out from 6 April 2017 to be replaced by a new tax relief called the Landlord Tax Reduction. The phasing in and out of the two reliefs will take place from 6 April 2017 to 6 April 2020. Landlord Mortgage Interest Relief Until 6 April 2017 Landlords were allowed … Read more

Rent a Room Scheme Explained

rent-a-room scheme explained

Letting a room out to a lodger is a great way to earn some extra cash, and done correctly, it can be tax-free with the rent-a-room scheme. Here’s how the tax-free allowance works, how to claim it and what happens once you go over it. How Does the Rent a Room Scheme Work? The scheme … Read more