There are two main areas that landlords need to be aware of in the coming months. Following lockdown, the lettings market has picked up and good quality properties are being let quickly. This is good news for the industry as a whole.
There has been a real boost in the housing market over the past six months as a result of the stamp duty holiday. We wanted to explain how this works so that you can take advantage of it if you are looking for a new property either to live in or as a ‘buy-to-let’ investment.
Property Investing is a hot topic at present; with the HMRC squeezing private landlords’ profits and tax deductibility, investors are looking for alternatives in the way they run their property portfolios.
In March 2021 the Chancellor Rishi Sunak announced the Spring Budget. We have summarised some of the key points that will be of interest to landlords and property investors.
A few changes are coming up that you need to be aware of if you are a landlord or property investor. Here are three that have been recently announced which may impact you.
Are you thinking of buying property to rent out, or maybe you have recently acquired your first buy-to-let property? If so, this article is well worth a quick read. We regularly work with landlords and property investors across the East Midlands and the UK, and so we wanted to share some tips that will help you from the outset.
We frequently work with landlords and property investors, advising them on the financial management of their property portfolios and exploring ways to mitigate their tax liabilities. Therefore, we like to keep up to date with any changes in legislation that may impact our clients.
Continuing on our theme for the month about changes that will impact anyone that owns rental properties we wanted to give you more information about the changes in tax relief and the wear and tear allowance.
If you are a landlord, you need to be aware of your financial commitments when buying a property and when you sell it. When you purchase a property as a landlord, you will also need to pay stamp duty.
In April 2016 anyone that buys a second property will have to pay an extra 3% in stamp duty. This additional stamp duty is payable by anyone buying a second home worth more than £40,000. This applies if someone relocates and decides to rent out their first property right through to investors that own some buy-to-let properties.
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When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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