Tax Insider exhibited at the Property Investor Show last week and the one question almost every landlord asked was about the changes to Buy To Let tax breaks:
“How will the property tax changes proposed by the chancellor affect me and what can I do?”
The harsh reality is that very few landlords still understand the implications of the proposed tax changes.
Despite campaigning by landlords, landlord associations and even accountants, the government is ruling out any re-think on its proposals to reduce the landlord tax breaks from next year.
The Financial Secretary to the Treasury, David Gauke, has written to the Residential Landlords’ Association to emphasise the determination of the government to plough ahead with the changes, first announced in July by Chancellor George Osborne.
So what does this mean for you?
Well you need to understand the real impact of the budget for you and start to plan now for the likelihood of higher (in some cases astronomical) taxes.
To help you understand and plan for these changes, we are giving away a copy of our 5,000+ word special report for free:
2015 Summer Budget Update: Key Changes to Property Taxation over the Next Few Years Written by property tax expert, Lee Sharpe, it covers the key changes, detailing:
- whether, how and when it will affect you
- examples and real impact scenarios
- why the government has made this proposal
- what action you should take
It is a must-have report for every landlord and tax practitioner!
It is free today to anyone who takes a free trial of our monthly Property Tax Insider newsletter.
Happy tax saving!