Time to Incorporate

How does the mini budget affect you?

With the cost of borrowing increasing with further rate increases on the horizon, there has never been a better time to Incorporate your property portfolio, and transfer your properties from sole or joint ownership to a private limited company.

Who will deal with your affairs if you lose mental capacity?

Who will deal with your affairs if you lose mental capacity?

A lasting power of attorney (LPA) gives another person or persons (known as your “attorney(s)”) the authority to act for you if you are unable to do so yourself. That authority continues even if you lose the mental capacity to make decisions for yourself.

JMS Accounting commentary on 2021 Autumn Budget

JMS Accounting commentary on 2021 Autumn Budget

JMS Accounting commentary on 2021 Autumn Budget. There were high expectations by landlords of further reforms in the budget, and sadly many opportunities to improve the situation for landlords were missed.

The rent-a-room tax break

rent-a-room tax break

HMRC’s rent-a-room scheme is an optional exemption scheme, which allows individuals to receive up to £7,500 of tax-free gross income (income before expenses) from renting out spare rooms in their only or main home.