Landlords and buy-to-let investors are now being urged to go to a specialist surgery to assist know the full implications of brand new changes to tax law.
Since the Chancellor unveiled the unexpected tax variations in this, landlords and buy-to-let investors are left reeling as they simply count the money necessary for what this might mean to them, as outlined by Hull and East Yorkshire-based 360 Chartered Accountants.
Andy Steele, Director of 360 Chartered Accountants, said: “More and even more landlords are contacting us, concered about their future, so that we thought it becomes a great idea to use an event specifically them. The tax implications have indeed are more complex because many reliefs and may capable of claim previously have already been (or are going to be) withdrawn or reduced.
“Meanwhile buy-to-let investors ought to be careful depending on what mortgage interest there’re currently paying. Higher-rate taxpayers often see their returns reduced within the next three years or so as the changes could force some basic-rate taxpayers in to the higher-rate income tax bracket.”
The 360 “Saturday Morning Surgery” will require place on Saturday 4th June 2016 at 360’s headquarters on Albion Street in Hull.?? Experts will likely be available to debate any facet of property management like the changes to stamp duty, taxes, usage allowance, self-assessment, allowable expenses and Capital Gains Tax within the sale of properties.
There’s you don’t need to make a scheduled visit. Anyone planning to play for your chat can just stop by between 9am and 11.30am.
