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.
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.
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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