Buy to Let: Just how much will the tax changes cost you?

taxBuy to let has probably never been more popular, however it is about to become far less profitable for many landlords. The Government has made major changes to the way in which buy to let landlords will be taxed in the future. For many, this will mean their tax bills rise. In fact, some landlords could end up paying tax even when they have made a loss. Currently, buy to let landlords can offset a variety of expenses when calculating their taxable profit. Examples include, agent’s fees, insurance, maintenance cost and, crucially, ...

Retirement: What’s on your bucket list?

Happy Retirement on Tag on Wooden BackgroundRetirement means something different for everyone. For you it might mean more time with the grandchildren or longer holidays. For other people, pursuing hobbies and pastimes you didn’t have time for when you were working, or just the freedom to do what you want, when you want. New research, from Retirement Advantage, has shown, exactly what those people close to retirement plan to do when they finish work, and some of the results are surprising. The survey of 1,000 people over the age of 50 found that ...

The magnificent seven: The different types of ISAs explained

Countdown SevenIndividual Savings Accounts were introduced in the late 1990s and replaced PEPs (Personal Equity Plans) and TESSAs (Tax-Exempt Special Savings Account). Since then, they have become by far the most popular way of savings and investing, but have also expanded in number; there are now seven different types of ISA. You would be forgiven if this bewildering array of ISAs leaves you confused. So we thought a quick, at a glance guide, to the seven different types of ISA would be useful. #1: The original ISA This option allows anyone over the age ...

Buy to Let lenders face legal challenge

Lady Justice Statue Old BaileyTwo buy to let lenders are facing a legal challenge, which if successful, could see millions of pounds returned back to private landlords. Following its successful claim against West Bromwich Building Society, which saw compensation of £27.5 million paid to buy to let landlords, the Property118 action group is now taking action against two more lenders. Buy to let tracker mortgages The legal action, against Skipton Building Society and Bank of Ireland relates to their decision to increase interest rates on tracker mortgages, despite the Bank of England leaving ...