Viewing posts in category 'Buy-to-Let'

11
Sep

Buy-to-let Landlords Affected by Latest Budget Changes

In the latest Budget, tax relief available to private landlords on mortgage interest payments will be reduced from between 40% and 45% to the basic rate of tax, currently 20%, over a 4 year period from April 2017. What is the impact of this change for a landlord with one or more Buy-to-Let mortgages? Let’s consider an example of a landlord who has a rental income of ¬£20,000 per an… Continue Reading
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Posted By Philip Woolfson
13
Mar

Notice to Landlords – Flat Conversion Allowances, Energy-Savings Allowances

The special tax relief for flats over shops comes to an end on 5¬†April 2013. It may be renewed in next weeks budget but if the work is contacted for before 5 April, it can be claimed. The main conditions to obtain relief are: 1. Maximum number of storeys- 4; 2. The flats must have been unoccupied or just used for storage for at least a year before conversion work starts; 3. The flats must be l… Continue Reading
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Posted By Philip Woolfson