“Scrap tax changes” – every residential landlord

New research from Paragon Mortgages reveals that most Buy to Let (BTL) landlords want the Government to reverse changes made to the way BTL investments are taxed. It may sound a little obvious, but the Paragon Mortgages PRS Trends report shows that landlords are aware of the changes in the way that BTL will be taxed. In the first quarter of 2017, 88% said that they fully understood the implications of tax relief changes, up from 71% six months prior. The Paragon PRS Trend report surveyed 201 residential landlords, asking what single ...

Budget 2016: The headlines

Budget 2016 150pxGeorge Osborne stood up today just after 12.30 to deliver his 8th Budget as Chancellor. With the EU referendum looming large and increasing nervousness that much of the developed world is facing an economic downturn, many experts predicted a relatively quiet Budget. Was this the case? Read on to find out. Mr Osborne started bullishly, suggesting he would report on a very positive economic outlook for the UK, which was growing at a faster rate than other developed economies, and is on course for a budget surplus. However, he quickly turned to the “headwinds” ...

Buy to Let: Tax probe to be launched on thousands of landlords?

iStock_000004583777XSmallIf reports in the national press are correct HMRC (Her Majesty’s Revenue & Customs) is about to launch a crackdown on ‘rogue’ buy to let landlords. A report in the Daily Mail, reveals that up to 900,000 buy to let investors and second homeowners could be investigated by HMRC. According to the report, there are an estimated 1.4 million landlords in the UK, but only around 500,000 have registered with HMRC, leading to concerns that millions of pounds are being lost in tax receipts. Tax on property income Income from buy to let ...

6 top tips for the end of the tax-year

clouds in shape of figureThe end of the tax-year is a great time to be thinking about your finances. Our advisers can help you make the right decisions Investment Sense team 150 px Contact our team of advisers today: 0115 933 ...