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Own a student HMO? Your tax return is probably leaving money on the table.Student lets are seasonal and messy, and that ...
18/07/2026

Own a student HMO? Your tax return is probably leaving money on the table.

Student lets are seasonal and messy, and that is exactly where legitimate costs slip through the cracks:

Summer voids, when the council tax comes back to you. Bills bundled into inclusive rents. Furniture replaced between tenancies. The HMO licence fee itself.

Declaring one annual rent figure minus the mortgage almost always overstates your profit, and your tax with it. Getting the full picture on record also sets you up cleanly for Making Tax Digital.

If you run a per-room let, it is worth a proper look before your next return.

Full guide here:
https://yourtaxhelp.co.uk/blog/sheffield-student-hmo-landlord-tax.html

Sheffield's student rental market is huge and seasonal. Summer voids, per-room lets, replacement relief and the records that make a student-HMO return work properly.

Filing your own tax return in Ealing? You are probably leaving money behind, and you would never know it.A few things wo...
17/07/2026

Filing your own tax return in Ealing? You are probably leaving money behind, and you would never know it.

A few things worth knowing:

A DIY return only claims what you already know to claim. Most self-filers get a few hundred pounds back and assume that is the ceiling.

A professional rebuild routinely finds thousands more, because the costs you have never been told about are the ones that stay missing year after year.

A filed return is not final. You can amend a Self-Assessment within 12 months of its filing deadline, so last year's disappointing refund can often be reopened and corrected.

Roughly half the new clients we take on in Ealing get money back from a year they thought was closed.

Full guide, including what DIY returns usually miss:

https://yourtaxhelp.co.uk/blog/diy-tax-return-underclaiming-ealing.html

Many Ealing trades file their own Self-Assessment and get a few hundred pounds back. A professional rebuild routinely finds thousands more, and last year's return can often be amended too.

Does your rental look profitable on paper but feel like nothing lands in your bank account? Section 24 is usually why.He...
17/07/2026

Does your rental look profitable on paper but feel like nothing lands in your bank account? Section 24 is usually why.

Here is the short version:

Your rental profit is taxed before mortgage interest is deducted. You get a flat 20 per cent credit for the interest instead of a full deduction.

That inflated profit stacks on top of your other income, so it can quietly push you into higher rate, past the personal allowance taper, or into the child benefit charge.

Because interest is restricted, every other cost matters more than it used to. Repairs, replacement of domestic items, insurance, mileage and use of home are all worth capturing properly.

Ownership shares between spouses, and whether new purchases go into a company, are the levers that genuinely move the number.

Our full guide walks through the arithmetic, who it hurts most, and what actually helps.

https://yourtaxhelp.co.uk/blog/section-24-mortgage-interest-restriction-uk-2026.html

Section 24 taxes landlords on rent before mortgage interest, giving only a 20 per cent credit. How the arithmetic works, who it hurts most, and the levers that genuinely reduce the bill.

Directors: there is one way to take money out of your company that beats both salary and dividends, and most people neve...
16/07/2026

Directors: there is one way to take money out of your company that beats both salary and dividends, and most people never use it.

An employer pension contribution, paid by the company straight into your pension, does three things at once:

It is deducted from company profit before Corporation Tax.

It carries no National Insurance, either type.

It is not taxed as your personal income on the way in.

A dividend cannot say any of that. It comes from profit that has already been taxed, then gets taxed again in your hands.

Tax relief is normally available up to the £60,000 annual allowance in 2026/27, and unused allowance from the previous three years can often be carried forward for a larger one-off contribution.

The trade-off is access. Pension money is locked away until 55, rising to 57 from 2028. So this is for profit you do not need right now.

Full guide, including the Corporation Tax test and how salary, dividends and pension work together:

https://yourtaxhelp.co.uk/blog/director-pension-contributions-cut-company-tax-2026.html

How employer pension contributions from your limited company cut Corporation Tax, avoid National Insurance, and beat dividends for extracting money efficiently in 2026/27.

Working Essex jobs one month and London sites the next? Your refund is probably bigger than you think.Romford trades oft...
16/07/2026

Working Essex jobs one month and London sites the next? Your refund is probably bigger than you think.

Romford trades often split the year in both directions, and that pattern quietly builds up three things most subbies never claim properly:

Travel both ways. Home to the Brentwood plot, home to the Stratford tower, the run between a morning and afternoon job, the merchants on the way home. Every business leg counts.

ULEZ and congestion days. On business journeys these are claimable on top of your mileage.

Mixed contractors. An Essex housebuilder one quarter and a London agency the next means multiple statement sets. Missing streams are the classic reason a refund shrinks.

Domestic work sits on the same return as your CIS income, with expenses spread fairly across both.

Our full guide walks through how it fits together, with a real example of a both-ways year.

https://yourtaxhelp.co.uk/blog/romford-essex-london-cis-travel.html

Romford subbies split their year between Essex developments and London sites. How two-direction travel, mixed contractors and the A12 grind become a £4,000+ deduction line.

Croydon subbies: do this 30-second check before your next payment.Take your latest payment statement. Find the deduction...
15/07/2026

Croydon subbies: do this 30-second check before your next payment.

Take your latest payment statement. Find the deduction line. Divide it by your labour amount.

20 per cent means you are verified correctly.

30 per cent means your details failed verification and you are on the emergency rate, with an extra tenth of your labour income sitting with HMRC.

Good trades end up there for boring reasons: a name that does not match HMRC's record, a mistyped UTR, an old address, or a CIS registration that was never completed. With the regeneration moving again and new contractors verifying new people, it is happening across CR0 right now.

The excess is never lost. Every deducted pound credits against your bill at filing, and returns can reach back up to four tax years, so long-running cases often hold £2,000 to £6,000 of recoverable excess on top of the usual expense-driven refund.

Starting on a new scheme? Give your exact name and UTR in writing at onboarding, then check the first statement.

https://yourtaxhelp.co.uk/blog/croydon-regeneration-30-percent-check.html

With Croydon's regeneration moving again, hundreds of trades are joining new contractors. One statement check tells you if you're on the 30% emergency rate, and four years of excess is recoverable.

Posted away and letting your Portsmouth home?Naval postings, defence moves and ordinary job relocations turn homeowners ...
15/07/2026

Posted away and letting your Portsmouth home?

Naval postings, defence moves and ordinary job relocations turn homeowners into accidental landlords every year. Nobody tells you the rules changed the day the tenants moved in.

The income is taxable from the first rent, declared through Self-Assessment once you are above the property allowance.

Mortgage interest gives you a 20 per cent credit, not a full deduction. Breaking even on cash flow can still be a taxable profit on paper.

Posted overseas, the Non-Resident Landlord Scheme decides how your rent reaches you. Your agent or tenant must withhold tax unless HMRC approves gross payment, which is usually worth applying for.

And the one that matters most, years later: periods of job-related absence can still qualify for private residence relief, so the years away need not poison the eventual sale. Keep the file from day one. Rent statements, invoices, mortgage interest certificates, and your dates of occupation versus letting.

If you would rather hand it to someone, we do this remotely, wherever you are posted.

https://yourtaxhelp.co.uk/blog/portsmouth-accidental-landlord-forces-tax.html

Service postings and job moves turn Portsmouth homeowners into landlords every year. What changes the day tenants move in, what to claim, and the reliefs that protect you when you sell.

Sitting on a high-value rental with a big gain? The planning should start years before you sell.Long-held London propert...
14/07/2026

Sitting on a high-value rental with a big gain? The planning should start years before you sell.

Long-held London property can carry a large embedded capital gain, and selling can mean a serious CGT bill. But the taxable figure is not fixed.

A few things make a real difference:

Keep every improvement invoice. Genuine capital improvements can reduce the gain.
Understand any period the property was your main home.
Plan early, because the best options need time.

We recently handled a Hampstead estate where thirty years of kept invoices cut the CGT bill by tens of thousands.

Our full guide explains how CGT and inheritance tax interact on high-value lets, and when planning should really begin.

https://yourtaxhelp.co.uk/blog/hampstead-high-value-landlord-cgt-iht.html

Hampstead landlords sit on big embedded gains. How CGT and inheritance tax interact on high-value property, what planning is real versus folklore, and when to start.

Bought a second home or buy-to-let before your old one sold? You may be owed money back.When you buy an additional prope...
14/07/2026

Bought a second home or buy-to-let before your old one sold? You may be owed money back.

When you buy an additional property in England or Northern Ireland, you pay a 5 per cent stamp duty surcharge on top of the standard rates. If you were between homes when you completed, you likely paid it on the new place.

Here is the part most buyers miss:

Sell your former main home within the time limit and that surcharge can be reclaimed from HMRC.

The claim has to be filed, and filed in time. HMRC does not refund it automatically.

We recently helped a buyer reclaim around £14,000 this way after their old home sold.

If that sounds like your situation, our full guide walks through the rates, the deadline, and how the refund works.

https://yourtaxhelp.co.uk/blog/stamp-duty-second-home-buy-to-let-uk-2026.html

How much stamp duty do you pay on a second home or buy-to-let in 2026? The 5% additional-property surcharge, the rates, the refund rules, and how to plan it properly.

Can you claim your mobile phone as a business expense if you use it personally too? Yes, and here is how to do it proper...
13/07/2026

Can you claim your mobile phone as a business expense if you use it personally too? Yes, and here is how to do it properly.

Sole traders: claim the business-use proportion. A £40 monthly contract at 60 per cent business use means £288 a year off your taxable profit, saving around £58 at the basic rate.

Limited company directors: this is where it gets better. If the contract is in the company name and the company pays directly, one phone per person is exempt from Benefit in Kind tax. Full Corporation Tax relief, no personal tax charge, even with private use.

Second business-only phone? That one is 100 per cent deductible with no apportionment.

Getting the phone set up the right way is often just one call to your network.

https://yourtaxhelp.co.uk/blog/claim-mobile-phone-bill-business-expense-uk-2026.html

Your mobile phone is almost certainly one of your most used business tools. It is how you speak to clients, reply to emails on the go, manage your diary.

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Drummond Drive
Stanmore
HA73

Opening Hours

Monday 8am - 8pm
Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm
Saturday 9am - 4pm

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