Limited company landlords are unlikely to change their ownership arrangements despite the chancellor’s move to raise corporation tax. The tax change from 19 to 25 per cent, announced in the Budget and due to take effect in 2023, will hit rental profits made by limited company landlords with larger portfolios...
Those who buy to let are facing a triple whammy of additional financial pressures. We take a look at one of the possible solutions: incorporating your business. However, such a step isn’t without its drawbacks – so is it for you? The 3 per cent extra charge in stamp duty for additional...
We are in the middle of an unprecedented health crisis, which is also impacting business and personal finances nationwide. Some tax changes are being introduced as part of the Government’s wider measures designed to mitigate the economic impact of the pandemic, though these are not directly related to buy to...

Nudge Letters For Landlords From HMRC

Earlier this year HMRC wrote to many individual taxpayers in relation to information held about overseas income or gains. HMRC is now sending letters on residential property owned by overseas companies as a ‘nudge’ to encourage disclosure of rental income and benefits.  HMRC is sending letters to: 1.the overseas company as...
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