Author Archives: Coder

NAS announce partnership with Norwich City Football Club

Norwich Accountancy Services are delighted to announce that we are supporting Norwich City Football Club as a regional partner for the upcoming premier league season. Ben Tunnell, head of commercial development at Norwich City, said: “We’re delighted to welcome Norwich Accountancy Services onboard as our latest regional partner. Whilst the Premier League ensures the club […]

What are the changes to capital gains tax?

What are the changes to capital gains tax? Looming on the horizon are some most unwelcome changes in the way that UK taxpayers will have to report and pay for capital gains tax (CGT) on residential properties in the future. Jon Hook, managing director at Norwich Accountancy Services, discusses. (These changes will not apply to […]

What can you claim back in tax when making repairs to a buy to let?

Tax Claims For Buy To Let. The good news is that there is very little expenditure incurred on rental properties that is disallowable in the strict sense. For example, when a landlord makes a capital improvement to a property, such as adding an extension, it should still be allowable, but only when the property is […]

Are you renting out a room on Airbnb?

Rent-a-room relief was introduced in 1992 to provide an incentive for people to rent out spare rooms in their homes. The aim was to free up more low-cost rental accommodation and enable workers to move around the country without incurring massive hotel bills for medium to long-term stays. Since its introduction, there have been significant […]

How do the recent tax changes affect me as a landlord?

Earlier this year saw the introduction of the profound changes to the taxation of buy-to-let investments, leaving landlords scrambling around trying to protect themselves from higher tax bills due to the reduced deductibility of mortgage interest. Buy-to-let investors who are also higher rate taxpayers can no longer offset all of their mortgage interest against rental […]

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