The Government has been targeting buy to let landlords over the last couple of years, with additional Stamp Duty costs and the removal of wear and tear allowances. From 2017, the phased introduction of restricting relief on finance costs will commence, resulting in some significant tax charges, with effective rates that could be over 100%.
You need to make sure you are aware of the changes and how they will impact you. Planning is available to mitigate the effects and we, at Hazlewoods, can guide you through the issues and help you plan for the future.
Watch the latest video in our tax series to find out more about the upcoming changes.