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UK property HMRC capital allowances integral features tax savings

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See Full Article⤵ ↪ https://www.optimiseaccountants.co.uk/what-are-the-property-allowable-costs-to-reduce-my-tax/ ========================== UK property HMRC capital allowances integral features tax savings Content – In this video you will learn ▶ You can claim capital allowances on holiday lets and serviced accommodation. ▶ A capital allowance is where a report is written to show the fixtures/fittings, wiring and plumbing within a property. These costs may be capital in nature but you can still get tax relief offset against your income through capital allowances. ▶ It is possible to claim Annual Investment Allowances (AIA) on holiday lets and serviced accommodation. If you have purchased a property and dine refurbishment works then it is possible that 100% of certain costs may be claimed in one year. ▶ It is possible to get a cheque back from HMRC if you have purchased a holiday let/serviced accommodation in your own name and claimed capital allowances. ▶ Any losses may be offset against your other taxable income if the capital allowances create a loss against the property portfolio in the fiscal year. ========================== Subscribe to our channel and press the notifications button to ensure you keep up to date with the very best tax reducing strategies http://www.youtube.com/subscription_center?add_user= OptimiseAccountants ========================== If you wish to know more about property investing then please see these YouTube experts: Arsh Ellahi: https://www.youtube.com/user/arshellahi Assets for life (Liam Ryan and Jay Munoz): https://www.youtube.com/channel/UC2PNw6YPy0n5O4LMKeL7YFg Bronwen Vearncombe https://www.youtube.com/channel/UCDT9L2G3anfof-JFs8CI2gg Jim Halliburton (The HMO Daddy): https://www.youtube.com/user/JimHaliburton Jacquie Edwards: https://www.youtube.com/channel/UCz___wf1FXKQGP8qaJn9YSA Mike Stenhouse (podcast): https://www.youtube.com/channel/UC1ownbL3lm0KI7yrfSoltfg Paul Preston: https://www.youtube.com/channel/UCH8oZLYkWERxZn60u3qgpyg Samuel Leeds: https://www.youtube.com/channel/UCS6SES6btXx2tVFzWy4oToA Tony Law: https://www.youtube.com/channel/UCQ93i22JrK78mFAJVP0DVEA Trevor Cutmore: https://www.youtube.com/channel/UCz9trefqbyFRt1hfCgUJVzw ========================== There are people that will also support you with your property investment journey Jake Iles (Capital Allowances): https://www.youtube.com/channel/UCOM5nF5-iDuN5NRBZNfht4A Kevin Wright (Finance): Julian Maurice (refurbishment): https://www.youtube.com/channel/UC1Mx51ssuTutEn8gpsgNwjg Sam Hawking (solicitors)
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