In recent months the number of enquiries regarding what to do with property investment portfolios has increased markedly. There is no doubt one of the main reasons for this is the gradual phasing out of income tax relief for loan interest and other finance costs on residential/buy-to-let properties. Until April 2017, taxpayers obtained relief for [...]
George Osborne's recent 2015 Budget announcement caught the attention of many UK landlords, who will receive less tax relief on their properties from 2016. This HMRC document sets out exactly what has changed.
With the recent announcement about LBTT made by the SNP to change the thresholds of property tax yet again, people are left a little confused. Let’s simplify what has been announced... What is LBTT? In October 2014 the Scottish Government proposed a new alternative to stamp duty called Land & Buildings Transaction Tax (LBTT) which [...]