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Converting a property into an HMO (Part 2)

Shared from Tax Insider: Converting a property into an HMO (Part 2)
By Lee Sharpe, August 2024

Lee Sharpe continues his consideration of the tax implications for adapting a property for designation as a house in multiple occupation (HMO). 

Without further ado, continuing the case study from part one of this article series, my very basic analysis of Yasmin’s expenditure on the conversion is set out below: 

Suggested indicative analysis from Part 1: 

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