Category: tax

Is Your Building Insurance Premium About To Rocket?

NLA Property Insurance gives you the lowdown on the latest hike to Insurance Premium Tax (IPT). Well they may not exactly rocket, but they are set to rise potentially by as much as £12.50 per policy, due to a yet another jump in IPT from 1 June 2017. The changes, which come in under the Finance … Continue reading Is Your Building Insurance Premium About To Rocket?

Why should election candidates care about landlords this June?

Because we’re important. Obviously. I’ve even got the numbers to prove it.  Here goes.... Firstly, there's a lot of us According to the HMRC approximately 2.35 million individuals declared income from private residential property in the last reported year. If each of these landlords only owned one property, and we know that hundreds of thousands … Continue reading Why should election candidates care about landlords this June?

Stick or Twist: What options do landlords have following the tax changes?

Stick or Twist: What options do landlords have following the tax changes?

With the prospect of higher tax bills and stricter buy to let lending criteria that will make it harder to obtain finance, many landlords are finding that they may have to rethink their options. But how will you be affected? Will you have to sell, do you intend to stay in the market and continue … Continue reading Stick or Twist: What options do landlords have following the tax changes?

Landlord tax changes: Are you about to be pushed up a tax bracket?

The most significant change to the way that landlords with borrowings are being taxed is introduced today. Here’s what you need to know. Who is affected? The changes will affect all landlords with finance costs associated with letting their properties, although in this blog we refer primarily to mortgage interest costs, because buy-to-let borrowing is … Continue reading Landlord tax changes: Are you about to be pushed up a tax bracket?

Making Tax Digital: Choose Your Punishment

Making Tax Digital: Choose Your Punishment

Making Tax Digital is the Government’s plan to digitise the tax return process for millions of small businesses and unincorporated landlords. The Government announced in the 8th March Budget that it will provide an extra year, until April 2019, before Making Tax Digital is mandated for unincorporated businesses and landlords with turnover below the VAT … Continue reading Making Tax Digital: Choose Your Punishment