We have a 102 mile round trip and bridge tolls to the property we rent out and have have to drive there on a regular basis to carry out refurbishment after a flood, can we claim for these expenses when sending our tax form.

I am considering installing solar panels (to generate electricity) on the roofs of two properties that I own. Such installations qualify for payments under the Feed In Tariff system – FIT). Are the payments of FIT treated as income for tax purposes? Can FIT payments be made directly to the Landlord by the supplier? Would the cost of the installation qualify for Capital Allowance?

This is an article written by one of our members: In June 2008 I bought a 2 bed flat near the sea front in Weston as an investment. It had off street parking and a garden, so at 104.000 pounds I thought it was a good deal. Unfortunately, as I did not really know what I was doing at the time, the monthly profit was marginal and overall ( after refurb, insurance, loss of rent, damage ) I made a considerable loss in the last 2 years. I decided to...

Now that things have settled down a little and as further details appear from the emergency budget, we thought it worthwhile compiling a number of changes that would most likely affect landlords. Capital gains tax Effective from 23 June 2010, capital gains tax will rise from 18 to 28 per cent for those with total income and taxable gains above the higher rate threshold. Basic rate payers will see no change to CGT. According to the official...

Introduction Letting residential property is treated as a single business, even if you let out more than one property. If you let out several properties, you can offset losses from one against profits from another. You pay tax on any profit as part of your overall income. Continue reading on Directgov – public services all in one place Expenses and Allowances on Income from Property If you let out property you can deduct certain...

by ANDREW LEVY – More by this author » Last updated at 20:01pm on 25th July 2007 A couple who run a small business won a legal victory yesterday that could cost the taxman £1billion a year. Information technology consultant Geoff Jones and his wife Diana have fought a six-year court battle to claw back a levy on “dividend”payments. Their success struck a blow for around 300,000 small firms and could have major...