There quite a few changes in the tax rules relating to the renting of property that have been brought in and are going to be brought in during the next few years.
- Restriction of tax relief on interest is more complicated and more nasty that it sounds. Under some circumstances you can end up paying more tax than the profit you make. It will also push many more people into higher rates of tax
- Increased Stamp Duty - what can you do about this?
- Removal of the wear and tear allowance
- Increase in rent a room relief
Are there any solutions? - we think there are.
Call us for a meeting.
Your first meeting with us is free. 01323 649509.