How do the new Buy to Let tax rules affect your clients and how can you advise them?
Remortgage/transfer From 6th April 2017, loan interest incurred by an individual will not be deductible from rental income for tax purposes. Instead, individuals will get tax relief on liabilities of 20% (basic rate tax).
What alternatives are there? Profits are subject to Corporation Tax at 20% in 2016 How does this impact your clients? Many landlords will find themselves liable for more tax as a result of the changes and may look for alternative options to protect their profit