From April 2017, tax law surrounding buy-to-let property is changing. If you own a rental property it is important you understand fully how these changes will affect your tax position. Tax relief on mortgage interest will be reduced from next week, on a tapered approach until 2020.
The rates of Capital Gains Tax (CGT) were cut in the March 2016 Budget, opening up potential opportunities for investors to diversify how they invest their money, and save tax in the process. Read more about how to calculate Capital Gains Tax and what reliefs may be available to you.
As a follow up to our Buy-to-Let Property Investment Update here we look at how landlords can still claim for maintenance despite the Wear & Tear Allowance being abolished from April 2016. If you own a buy-to-let property it is more important than ever to be able to claim the maximum legitimate expenses against your rental income. Here we explain the reason why.