HMRC has made the unusual step of warning landlords not to use widely-routed tax avoidance schemes which it says are being marketed to buy-to-let investors as a way to save Capital Gains Tax.
The NRLA has warned landlords who have set up limited companies to run their property portfolios that they will have prove they spend 20 hours a week managing their businesses to get the tax reliefs many hoped they would.
Landlords will have to fork out an extra £460 to use the new Making Tax Digital for Income Tax Self-Assessment system.
