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Property Articles

The Importance of being early with your tax return

First Published: October 2014 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

Autumn is upon us, and for many investors this means turning their attention to their annual property and accounts and tax returns. It’s a job that no-one enjoys dealing with, and human nature to leave to the last minute – but there are huge benefits to completing this property task earlier rather than later.

Specialist property accountant Stephen Fay FCA looks at why procrastinating can cause problems. Continue Reading »

How can the April 2015 pension changes help your property business?

First Published: September 2014 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

The latest (2014) Budget saw the announcement of a radical liberalisation of the entire concept of pensions as a savings strategy. In short, from April 2015, millions of pension savers aged 55+ will be able to take their entire pension fund in one lump sum, to spend as they wish. There is growing excitement about what this ‘wall of money’ could mean for property investors, in light of the biggest shake-up of pension rules ever seen.

Specialist property accountant Stephen Fay FCA looks at how the April 2015 pension changes can help property investors to become more successful, or even to exit on a high.

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Interest rate rises are coming – are you ready?

First Published: August 2014 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

The Bank of England & Governor, Mark Carney, has publicly stated his surprise that at markets thinking that interest rate rises are not likely until 2015 – instead stating that 2014 could easily see an interest rate rise. Since interest rates are the major determinant of most landlords’ property profits, preparing for rising interest rates is vital to ensure financial security into the future.

Specialist property accountant Stephen Fay FCA looks at how property investors can avoid the irony of becoming tomorrow’s distressed sellers.
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Taxman disallows cost of ‘white goods’ as an allowable expense for unfurnished properties

First Published: July 2014 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

Landlords with furnished properties can claim the wear and tear allowance for their properties. Whereas, until 2013, landlords with unfurnished properties can claim a ‘renewals basis’ allowance for ‘moveable items’ such as white goods. However, as of tax year 2014, HMRC have announced that the cost of white goods is no longer a tax deductible expense for unfurnished properties. Specialist property accountant Stephen Fay ACA explains all…
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Using property to preserve – rather than create – wealth

First Published: April 2014 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

Most readers of YPN magazine are well aware of the power of property to create wealth – whether it be renting, developing, letting, finding, or selling property – you name it, property has the potential to generate big money for those with the talent and work ethic.

But, once you have made your money, what do you do with it, and how do you protect it? Specialist property accountant Stephen Fay ACA offers a different perspective on property investing …
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Taking money out of your company tax-efficiently

First Published: February 2014 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

Many property investors operate a property company, which of course means that company profits need to be taken out of the company to provide an income for the investor – but what is the best way to do this, and why does it matter? Specialist property accountant Stephen Fay ACA looks at how profits can be taken from a company tax-efficiently, and the benefits of using a property company generally.

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Where are you on your property journey?

First Published: January 2014 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

Property investors walk a well-trodden path, and face common challenges and decision points along the way. It’s sometimes worth taking some time to consider the journey ahead, and where you are along it so far.

Specialist property accountant Stephen Fay ACA looks at the various stages along the property journey, and in particular the finance and tax-related decisions and key points that lie ahead.
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Festive Tax Saving Tips

First Published: December 2013 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

It may be the season of goodwill, but that doesn’t mean that the taxman shouldn’t have to chip in his share towards the festive season. Here is a selection of top tips for ensuring that you have a merry – but tax-efficient – Christmas…

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