Should Buy to Let investors put their properties into a Limited Company ?
Since the recent announcement of various changes to the taxation of unincorporated property businesses, there has been renewed interest in incorporation: would it be possible to shelter property income and capital gains inside the lower Corporation Tax regime?...Tax deadline approaching… A Christmas task
Just a quick friendly reminder that very soon after Christmas comes – chucking out dying trees, returning unwanted gifts, decluttering baubles and… preparing for the 31st January tax deadline! While you’re taking time off work, this could be an ideal opportunity to...Buy to Let BOMBSHELL
HOW THE RESTRICTION OF RELIEF ON BTL MORTAGE INTEREST WILL AFFECT LANDLORDS By now I am sure you are all aware of the buy to let “bombshell” within the Chancellor’s Summer Budget – the proposal to allow income tax relief on BTL finance costs at the basic...Summer Budget 2015 Property taxes
A brief summary : From 6 April 2016: Rent-a-room relief to be raised to £7,500 The 10% wear and tear allowance may be reformed (subject to consultation) From 6 April 2017: Higher rate relief on mortgage interest will be restricted for buy-to-let landlords. Rent a room...
David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation