New HMRC Letter Campaign: Landlords Incorporation Relief 2017/18

By Graham | December 13, 2023

A computer screen displaying an application form for Landlords Incorporation Relief, as part of an HMRC letter campaign.

Understanding the New Compliance Drive in Property Taxation Introduction: A Focused HMRC Initiative on Property Tax Compliance HM Revenue & Customs (HMRC) has embarked on a crucial campaign, turning its attention to a specific sector of the property market: buy-to-let landlords. This campaign specifically addresses those who strategically incorporated their property businesses into limited companies…

Maximising Tax Benefits of Incorporating Your Property Portfolio: A Comprehensive Guide

By Graham | March 27, 2023

Cars parked on a street in London, incorporating tax benefits.

In the ever-changing landscape of property investment, investors must stay informed about the latest tax regulations and strategies for maximising their returns. One of the most significant opportunities for property investors in the UK is the incorporation of their personal property portfolios into limited companies. This comprehensive guide, brought to you by Mercian Accountants, will…

HMRC Investigates Airbnb Landlords with Short-Term Lettings

By Kate | March 10, 2023

HMRC is writing to landlords who may have undeclared income from short-term lets and holiday homes – with online platforms such as Airbnb and Booking.com now obliged to provide payment data to the government. The number of individuals with unreported income on second homes is believed to be around 700,000, about a third of landlords…

300,000+ Landlords Move to Limited Companies to Reduce Tax

By Kate | October 31, 2022

Over 300,000 landlords have purchased properties in limited companies to reduce tax and tackle rising interest rates. This number has doubled since the introduction of Section 24 in 2017, and with the environment becoming more uncertain, more than 50,000 companies have been set up in the last year alone – with 2022 set to be…

1 in 5 Landlords to Sell Buy-to-Let Property – Find Out How

By Kate | September 21, 2022

Rising mortgages and falling property prices are set to push up to 20% of landlords into selling their buy-to-lets – especially smaller landlords with only one or two properties. The cost-of-living crisis is also making repairs and maintenance fees unaffordable, increasing insurance premiums, and casting doubt on whether tenants will be able to pay rent.…