10. Tax
HMRC have developed an learning course for landlords that covers:
- When and how property letting starts and what to do
- The various types of property income –furnished, unfurnished ,holiday lets, Rent a Room .the Non Resident Landlord Scheme –and how they are taxed.
- The correct treatment of income and expenditure both revenue and capital
- Tips on record keeping
- Property disposal, Capital Gains and Inheritance Tax
- Tax return filing, paying dates and when and how
- PAYE and VAT obligations
Course
The course is designed to help assist landlords in “getting their tax right from the start”