Property News · December 2, 2016

Landlords scramble to avoid higher buy-to-let taxes, report finds


Report reveals landlords are forming limited companies or planning to hike rents to negate new tax rates as average UK rent hits record £881 per monthBuy to let landlords are scrambling to avoid the impact of tax changes that come into effect next year, a report has found.The Buy to Let Britain report found landlords were restructuring their portfolios to escape higher taxes on their rental income, which will be phased in from April 2017. Some landlords have set up limited companies, it said, while others have increased rents or transferred properties to family members. Continue reading…

Source : theguardian.com
Read more…Landlords scramble to avoid higher buy-to-let taxes, report finds

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