What taxes affect landlords?

When starting up as a landlord there are a number of issues and tax implications to bear in mind. Decide on what investment property to buy.  This is obviously the most basic decision and the key decision (aside from whether to buy a property).   Decide how to...

What is a House in Multiple Occupancy (HMO)?

HMRC’s definition is “a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen”. It is sometimes called a ‘house share’. Common examples of HMOs are student accommodation and...

What expenses can I claim against my rental property?

This is a list of tax deductible expenses that you can claim against your rental property income. Mortgage interest is claimable in full but there are special rules regarding tax relief Management charges/commission to letting agencies Property repairs – but not...

What is the Tenancy Deposit Scheme (TDS)?

This is a government-backed scheme that protects a tenant and the deposit they initially put down when entering into a new tenancy agreement. This amount is decided by the landlord and is typically in proportion to the monthly rent up to a maximum of 5 weeks’ rent (or...