Tax

Landlord expenses have risen significantly faster than rental income over the past five years, according to the latest HMRC figures.

Landlords earning more than £20,000 will have to use Making Tax Digital by the end of the current Parliament.

Chancellor Rachel Reeves in her first budget announces a series of tax increases that will impact landlords.

Landlords using limited companies may need to show they spend at least 20 hours a week working in the business to qualify for tax benefits.

The Autumn Statement on 22nd November 2023 announced various initiatives affecting both the rental market and the wider property industry.

Lower personal allowances linked to Capital Gains Tax could mean it is more tax efficient for a landlord to use a limited company.