Category: PROPERTY

Are all Accountants equal when it comes to the Let Property Campaign?

In a group of accountants this week one asked if they should use losses brought forward on a client who is declaring under the let property campaign. My answer is definitely YES! All landlords should declare their profits and Losses including those in the Let Property Campaign. The reason why?- Any losses left over can…
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Inherited a property

We were approached by a brother and sister who had inherited a house. They had been completing repairs on the property for the last few months which amounted to over £60k! Due to the high repairs they needed an accountant as they were confused which expenses were allowable. They didn’t want the hassle of completing…
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