Tax Relief

Tax Relief

Housing minister claims buy to let tax changes will only affect 20% of landlords

26 January, 20170 Comments
Housing minister Gavin Barwell says recent changes to buy to let mortgage interest relief and stamp duty will only affect a small proportion of landlords. According to an ARLA report from a meeting of the All Party Parliamentary Group for the Private Rented Sector earlier this month – attended by Barwell – the minister quoted
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Almost 1m landlords plan to ditch agents to save money from April 2017

19 December, 20160 Comments
A new survey has suggested that nearly half of all UK landlords plan to ditch letting agents if their profits fall when tax relief is cut back next year. The poll conducted by the National Landlords Association (NLA) found that 47% of property investors are prepared to ditch their letting agents and go it alone
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Landlords Taking Measures to Safeguard Their Profits

29 February, 20160 Comments
The various tax reforms targeting landlords announced by George Osborne last year, and taking effect over the next few years, have sent many of the UK’s landlords on the hunt for ways of protecting their profits. A number of strategies have emerged to keep property investments profitable in the Chancellor’s tough tax reforms. Most particularly, there has been
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Landlords advised not to replace furniture until April

23 February, 20161 Comments
According to accountants Blick Rothenberg LLP; Landlords should wait to replace any furniture in rental properties until 6th April 2016 which is when the 10% wear and tear allowance is being replaced and costs become deductible under a new tax relief. Robert Pullen, personal tax manager at Blick Rothenberg, commented on this statement: “From April
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Investors to quit the market and sell off 500,000 properties

04 February, 20160 Comments
According to new research from the NLA landlords will sell off 500,000 properties in the next 12 months thanks to landlord confidence is at its lowest since the dark days of the banking crisis. The proportion of landlords looking to sell in the next 12 months has doubled since July 2015, just after George Osborne’s
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