Cash Basis vs Traditional Accounting for Sole Traders
Cash basis or traditional accounting? Compare the two methods for sole traders, how they affect your tax bill, and which suits your business.
Guides
Non-Resident Landlords: Tax on UK Rental Income
Living abroad but renting out UK property? Understand the Non-Resident Landlord Scheme, Self Assessment duties and how to get gross payments.
Property Allowance or Expenses: Which Is Better for Landlords?
Compare the £1,000 property allowance with claiming actual rental expenses and see which gives the lower tax bill for small landlords.
Simplified Expenses for the Self-Employed: Mileage, Home and Living Costs
How simplified expenses work for sole traders: flat rate mileage, working from home and business premises, and when actual costs are better.
Furnished Holiday Lets: How They Are Taxed From April 2025
The furnished holiday let tax regime ended in April 2025. See what changed for income tax, capital gains and how to report holiday lets now.
Capital Gains Tax on Selling a Rental Property and the 60-Day Rule
Selling a buy-to-let? Learn how capital gains tax is calculated, current rates, the 60-day reporting deadline and what costs you can deduct.
Section 24 Mortgage Interest Relief Explained for Landlords
Section 24 explained: how restricted mortgage interest relief works for landlords, who it affects and how to calculate the 20% tax credit.
Jointly Owned Rental Property: How Income Is Taxed
How rental income from jointly owned property is split for tax, including married couples, the 50/50 rule and Form 17.
Allowable Expenses for Landlords: What You Can Claim
A clear list of expenses landlords can claim against rental income, what counts as a repair versus an improvement, and what you cannot deduct.
Self Assessment for First-Time Filers: A Beginner’s Guide
New to Self Assessment? Learn how to register, what to report, key deadlines and how to avoid first-year mistakes.
