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How We Helped a Landlord Reduce Tax on Rental Income

7/11/2024

 

Case Study: How a Landlord Saved £8,000 in Property Tax

A landlord owning multiple rental properties was struggling with high tax bills. Here’s how we reduced their tax burden.

Key Strategies Used:
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  • Reclassified expenses as allowable deductions.
  • Advised on incorporating rental properties.
  • Applied Mortgage Interest Tax Relief effectively.

​The landlord saved £8,000 in taxes for the year.
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Landlords can optimise tax savings with professional guidance. Contact UMC Accountants.

How to Legally Reduce Your Personal Tax Bill This Year

10/10/2024

 

5 Legal Ways to Cut Your Tax Bill in 2024

Personal tax planning is essential for reducing liabilities while staying compliant.

Key Strategies:

  • Maximise your ISA allowance of £20,000.
  • Utilise pension tax relief (contributions up to £60,000 are tax-free).
  • Consider marriage allowance for tax savings.
  • Claim work-from-home expenses.
  • First £1,000 self employed income tax free.

​Get personalized tax advice from UMC Accountants today.

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    UMC Accountants

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