If you are a landlord or letting agent, then it’s essential to understand the changes that were introduced by the Tenant Fees Act on 1st June 2019.
There will be changes to the Private Residence Relief from April 2020. There has been a consultation underway for the past year and the draft Finance Bill published recently confirms that the changes will take place.
We wanted to let you know about changes to Capital Gains Tax coming up in April 2020. The amount of Capital Gains Tax is not affected; the changes relate to when the tax needs to be paid.
If you are a landlord or a property investor, then you may want to consider setting up a Property Limited Company. More people are taking this approach because there are several reasons which make this more beneficial in the long run.
We have written about this before, but we wanted to remind you about the changes to Capital Gains Tax if you are planning to sell a second property after April 2020. This is particularly important for all landlords and property investors who regularly buy and sell properties.
On 1 June 2020, some new regulations came into force regarding electrical safety standards for the private rental sector. These regulations are being enforced to improve the standard of safety of all properties in the rental market.
There are two main areas that landlords need to be aware of in the coming months. Following lockdown, the lettings market has picked up and good quality properties are being let quickly. This is good news for the industry as a whole.
There has been a real boost in the housing market over the past six months as a result of the stamp duty holiday. We wanted to explain how this works so that you can take advantage of it if you are looking for a new property either to live in or as a ‘buy-to-let’ investment.
There is only a month left before the stamp duty break comes to an end on 31 March 2021. If you are in the process of buying property for your 'buy-to-let' portfolio, you will need to ensure that the paperwork is completed by this deadline. Conveyancing teams and surveyors are under a lot of pressure to get the process pushed through in such a short space of time.
Property Investing is a hot topic at present; with the HMRC squeezing private landlords’ profits and tax deductibility, investors are looking for alternatives in the way they run their property portfolios.
In March 2021 the Chancellor Rishi Sunak announced the Spring Budget. We have summarised some of the key points that will be of interest to landlords and property investors.
In last month’s blog – Accountancy services for property investors, we explained how we work with property investors and landlords to manage their tax liabilities and offer support if they decide to set up a limited company to manage their portfolio.
A few changes are coming up that you need to be aware of if you are a landlord or property investor. Here are three that have been recently announced which may impact you.
Are you thinking of buying property to rent out, or maybe you have recently acquired your first buy-to-let property? If so, this article is well worth a quick read. We regularly work with landlords and property investors across the East Midlands and the UK, and so we wanted to share some tips that will help you from the outset.
We frequently work with landlords and property investors, advising them on the financial management of their property portfolios and exploring ways to mitigate their tax liabilities. Therefore, we like to keep up to date with any changes in legislation that may impact our clients.
Continuing on our theme for the month about changes that will impact anyone that owns rental properties we wanted to give you more information about the changes in tax relief and the wear and tear allowance.
If you are a landlord, you need to be aware of your financial commitments when buying a property and when you sell it. When you purchase a property as a landlord, you will also need to pay stamp duty.
In April 2016 anyone that buys a second property will have to pay an extra 3% in stamp duty. This additional stamp duty is payable by anyone buying a second home worth more than £40,000. This applies if someone relocates and decides to rent out their first property right through to investors that own some buy-to-let properties.
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