Renting out property continues to offer an excellent return for millions of people in the UK. Most are ordinary folk who earn extra income from renting out one or two properties, with few having larger rental property portfolios. There are about 2.75m unincorporated private landlords
Read moreIt’s an all too familiar scene for many sole traders, landlords and other Self Assessment taxpayers. Despite leaving it until a week or two before the online-filing deadline on 31 January, you’re not too worried about completing your Self Assessment tax return. What could possibly
Read moreThis week Mike from from GoSimpleTax gives us the lowdown on landlord pest control. It’s one of those scenarios that landlords dread: an unexpected phone call, email or text from a tenant to deliver news of unwanted guests aka pests! Sometimes they’re furry; some have
Read moreMore than 120,000 expat Brits are reported to live in Dubai, the UAE’s second-largest emirate (Abu Dhabi is the biggest). Many are attracted by Dubai’s sunny climate, as well as its family-centred, clean and safe environment (serious crime is almost non-existent). The beaches are beautiful,
Read moreRegister as a sole trader v limited company? It’s a key question to answer when you decide to take the plunge and start your own business because your decision can have major implications. And even after making a choice, with your business firmly established, every
Read moreThere are reported to be about half a million “HMOs” (ie houses in multiple occupation) in the UK. A rented property is considered an HMO if at least three tenants live in it and they make up more than one household, with shared toilet, bathroom
Read moreYou’re probably reading this because you’ve recently become self-employed or it’s something that you’re considering. Self-employment can provide greater flexibility, more control over your work, a higher income and greater satisfaction. But a key consideration is what business taxes you must pay. In this guide
Read moreApril 6, and that can mean only one thing – the start of the new UK tax year. It’s when most changes to UK tax rules come into force, which can be good or bad news for you and your rental income. It can also
Read moreIn December 2022, the government announced its decision to delay introducing Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) for two more years until April 2026. The government says it has done so because it understands that the UK’s 3.1m sole traders
Read moreBritish Expat Money Partner with GoSimpleTax to provide a simple solution for your Tax Return – Complete your Self Assessment tax return in four easy steps as an expat. You probably hate having to do your tax return each year. Let’s be honest, who does
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