Fylde Tax Accountants

tel: 01253 398082

Property Articles

Using the Personal Savings Allowance from April 2016

First Published: December 2015 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

A new Personal Savings Allowance (PSA) is being introduced from April 2016, which could have some useful benefits to property investors who also lend money, and for those with a significant credit balance on any director’s loan account they may hold. This article explains how to make use of the PSA, and how to communicate the value to JV investors.
Continue Reading »

Can capital allowances be claimed on a HMO – the definitive answer

First Published: November 2015 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

Many investors are confused about whether capital allowances can be claimed on residential properties, and in particular, HMOs. This article aims to clarify the current position (at October 2015) so that investors have clarity about whether capital allowances are claimable on their HMO property. Continue Reading »

How to use funds in your non-property company to tax-efficiently fund your property investing

First Published: September 2015 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

Most property investors have a ‘day job’ limited company – whether a contractor / consultant company, or a more traditional business – which has excess cash that can’t be extracted without incurring at least an 25% tax charge. This article looks at how such funds can be used for property investing, without incurring a tax charge. Continue Reading »

Mortgage interest relief restricted for landlords – part 1: Are you affected?

First Published: July 2015 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

The July 2015 Budget saw several key changes that will impact landlords in the future – by far the most important is the restriction on mortgage interest relief. This article explains the change, and enables readers to check if the affects them and approximately by how much, and provides some initial pointers as to how to mitigate the impact of this change. Continue Reading »

Are lender arrangement fees tax deductible for landlords?

First Published: May 2015 | Available in: Property Articles Property Investor News

By specialist property accountant Stephen Fay ACA

Most property investors use mortgage finance to buy their properties, and so have to pay a range of lenders fees – as well as interest – in order to do so.

This article looks at whether finance fees (NOT interest – this is covered next month) are tax deductible, and how relief can be obtained. Continue Reading »

Getting a tax deduction for employing your children in your property business

First Published: May 2015 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

Many property investors need help with managing their business, and involving their children has a number of potential benefits, both financially and otherwise.

This article looks at how investors can get a tax deduction for employing their children, or child in their property business, and how to ensure that this is done lawfully.
Continue Reading »

How could investing in an SEIS-company help property investors?

First Published: April 2015 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

SEIS is the ‘Seed Enterprise Investment Scheme’ was introduced in 2012 and extended in 2014, and enables certain types of small companies to raise finance while offering generous tax incentives to investors.

This article looks at how SEIS tax reliefs work, both for income tax and capital gains tax, and key amounts and dates to be aware of when considering making an SEIS investment.
Continue Reading »