Tax changes that will have a major impact for landlords over the coming years
In 2015 the summer budget announced changes to the tax laws which affected landlords. Allowable expenses from rental income were restricted for landlords from April 2016.
All landlords of furnished residential properties will be affected by the replacement of wear and tear allowance by a new system.
Landlords of residential properties paying tax at the higher and additional rates will be affected by the restriction of finance costs, excluding those with qualifying furnished holiday lets.
Landlord Zone has teamed up with TaxInsider.co.uk to produce a comprehensive 5,000 plus word report titled:
Key changes to property Taxation over the next few years.
Written by property tax expert Lee Sharpe, the report covers the key changes detailing:
- whether, how and when it will affect you
- examples and real impact scenarios
- why the government has made the changes
- what action you should take
TaxInsider is offering the chance for landlords to get this report free. Use the link below to take up this offer.
>> Key Changes to Property Taxation Over the Next Few Years
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