Real Accounting’s Post

Labor on rental properties isn't deductible, but you can claim repairs, materials, and professional services. Maximize your rental income while we handle the details! #rentalproperty #propertymanagement #taxdeductions #realestate #investmentproperty #ryconnpropertymanagement

The Leasehold and Freehold Reform Act 2024 made it onto the statute books on 24th May as the very last Bill passed in this parliamentary session. So, it is an Act of Parliament and no longer a Bill and it is time to welcome to a whole new world of leasehold reform. In order to help answer some of the many questions we are receiving, we have prepared a summary briefing note: https://lnkd.in/e3fHts9X #leasehold #leaseholdreform

Read this article to find out when a property rental business is treated as starting and the relief available for pre-letting expenses: https://lnkd.in/eb8tMDHg #rentalproperty #propertyincome #investmentproperty #rentaltaxtips #propertytax #propertyincomemanual #lettingproperty

Thinking about renting out your property? Knowing the tax ins and outs is worth knowing to keep things smooth and maximise your returns.

Tired of watching your profits slip away with equipment rentals? Discover how owning your gear through equipment financing can save you money, boost your assets, and provide tax benefits. Why rent when you can own? #BusinessGrowth #EquipmentFinancing #TAGTips #SmallBusiness #BusinessFinance #CutCosts #MaximizeProfits #InvestInYourFuture"

The latest development on leasehold legislation came on 21 November , when the Government issued a ministerial statement confirming its commitment to press ahead and implement the provisions contained in the Leasehold and Freehold Reform Act 2024 “as quickly as possible”. Partner, Simon Kerrigan details all. Read more: https://lnkd.in/ezZg4Cy6 #leaseholdreform #Leasehold #RealEstate #Enfranchisement 

Make sure your percentage rent clauses are working for you. Here’s what to look for: https://lnkd.in/gKv_E_tg #Scribcor #LeaseAdministration #LeaseAbstraction #LeaseAccountingServices #LeaseManagement

Leasehold and Freehold Reform Act 2024 - Explanatory Notes now published:

Shortly before the Government dissolved Parliament last week, it made some significant changes, one of which being the Leasehold and Freehold Reform Act 2024 which became law on Friday.   The Act is designed to bring about some considerably favourable changes for leaseholders, but it is important to be informed about what the Act seeks to achieve and when its changes will come into force and how you may take advantage of them.   I have written the below article to hopefully offer some clarity on what to expect moving forward.   https://lnkd.in/epSxVz9F

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