Calculators

If you have relocated from the United Kingdom, there may still be tax obligations to fulfill, particularly if you are involved in property rental activities. Neglecting these responsibilities could lead to financial penalties. Typically, you are liable for taxes...

To illustrate with an example: Sarah began renting out a property in September 2022 at £15,000, with permitted yearly expenses of £3,000. Her other earnings already utilize her personal tax-free allowance and the basic tax rate. Therefore, all rental income will be...

Income from properties that pass the criteria for furnished holiday lettings are subject to taxation based on the rental business calculation methods. If substantial services similar to those of a hotel are offered, it is considered a trade, and is classified as...