HMO stands for house in multiple occupation. We've always had these in the UK, but they seem to be a very topical subject at the moment, no doubt due to our chronic housing shortage and their increased cash flow potential. The experience of landlords letting HMOs seems to vary with some enjoying greatly enhance profits … Continue reading Minimising your tax on ‘HMO’ conversions
They want their pond of flesh ever more quickly! Here is a quick summary on the ways that the HMRC require you to pay your taxes due to them. At the post office You won’t be able to pay at the post office from 15 December 2017. you will need to choose a different way … Continue reading How to pay your taxes.
Could this be your new home? The DIY Housebuilders Scheme (Notice VAT431NB for new builds and Notice VAT431C for conversions) allows you to reclaim VAT from HMRC that you have paid out for your project if you are: (1) building a new house (2) converting a building into a new dwelling (3) bringing an existing dwelling that has not … Continue reading VAT Reclaims on New Build and Conversions
Is your property business growing but you are not in full control of your numbers, then we can help. Here at Milestone Management Solutions Ltd we specialise in providing the information for you to make better decisions about your business. Better decisions make increased profits and reduced tax and enhanced cash flows. Are you running … Continue reading Is your property business running you or are you running it?
There are changes on the way in Capital Gains Tax (CGT) for UK residents, they will be required to report and pay for capital gains on residential property within 30 days of the sale. UK resident companies are not affected by these proposed changes. The Basics, currently, a capital gain by UK resident individuals is … Continue reading Proposed changes to CGT – another tax grab!
Hello my name is Tony Miles and I am the Managing Director of Milestone Management Solutions Ltd. This is a brief introduction as to who we are and how we can help you. About Milestone Management Solutions Ltd We are a property tax specialist accountancy practice and are looking for Property Investors ( having one … Continue reading An introduction.
Are you in the fortunate position of having cash sitting in the bank, but feel unfortunate because it is earning very little? If this is you then please read on. Our associated companies invest in the property market place, in Derby, Nottingham and Stoke, we are looking for seed capital/joint venture opportunities to get projects off the … Continue reading Savings not attracting enough interest!
Rent-a-room relief was introduced in 1992 to provide an incentive for people to let out spare rooms in their home. Since its introduction, there have significant changes to the housing market. In addition, the growth of online platforms such as ‘Airbnb’ have made it easy for those with accommodation available for letting to reach potential occupants. … Continue reading Changes to Rent-A-Room Relief does this effect you?
House and Flats VAT for most work on houses and flats by builders and similar trades like plumbers, plasterers and carpenters is charged at the standard rate of 20% - but there are some exceptions. Zero rate VAT You may not have to change VAT on some types of work if it meets certain conditions, … Continue reading VAT on New Builds & Renovations.
We are told that the Government wants to simplify the tax system and help individuals and businesses to keep on top of their affairs. But what impact will this have on your business? Making Tax Digital (MTD) will require taxpayers to keep timely digital records of all business transactions and these will be sent directly … Continue reading Making Tax Digital