There 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
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You’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
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April 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
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In 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
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British 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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First UK Landlord Self Assessment Tax Return. Here are 21 things you need to know. So, you’ve recently joined the ranks of the UK’s 2.6m private residential landlords and need to report taxable rental income via Self Assessment? You might be slightly worried about having
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About 20% of UK adults are reported to own cryptocurrency, with almost 45% of them having invested in the past year or two. Buying crypto accelerated during the pandemic, with UK ownership levels now similar to Germany, Ireland and other European countries. Most UK crypto
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Being self-employed doesn’t usually mean getting an easier ride. Days can be long and tiring, because you must take care of many tasks and shoulder all of the responsibility. Many self-employed people become so deeply entrenched in running their business that they rarely step back,
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There are about 2.6m private landlords in the UK, and although some have large, lucrative property portfolios, 43% of private residential landlords in England rent out just one property. About 39% rent out two to four properties, while 18% rent out five or more. It’s
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Sign-up Link – https://meet.zoho.com/opPjbN0fUP Date: Thursday 20th October at 3.30pm (BST). Description – GoSimpleTax’s in-house tax expert, Aiden Corcoran, will look at and discuss tax as an expat, he will talk about… • Coming to the UK/Leaving the UK – the tax implications • Split
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