Regulatory changes to the BTL market may decrease the number of ‘pension pot’ landlords.

"In a survey at this week's Financial Reporter Later Life Lending Roadshow, 49% of respondents said that less people will plan to fund their retirement with a buy-to-let property due to recent regulatory changes in the market such as stamp duty increases and cuts to mortgage interest tax relief." https://www.financialreporter.co.uk/later-life/advisers-predict-fall-in-pension-pot-landlords.html read more

Family own businesses LOOSE OUT AGAIN because of tory taxes changes

More than a million family-owned businesses and freelance workers will lose out because of the tax crackdown on dividend payments. They face paying up to £1,143 a year more in tax because of the way they choose to take an income. Many families who run newsagents, restaurants, shops, accountancy firms and other businesses take their earnings as company directors through dividend payments, rather than a monthly salary. That means they pay lower tax rates than salaried employees and can earn £5,000 a year tax-free on read more

Tory government to raise taxes on the hardest working people in the UK

Theresa May faces a major Budget backlash after ripping-up an election manifesto pledge to freeze National Insurance and instead hitting 2.5million self-employed people with an unexpected tax hike. The rise unveiled by Chancellor Philip Hammond was branded a “rip off” for the country’s hardest workers, with critics – including Tories – warning it would hit low paid earners the hardest. Many raised concerns that the likes of cabbies or fast-food delivery drivers toiling in the "gig economy" for low rates, and with read more

Stamp Duty extended !!! Will Scotland do the same?

The government has extended the period before the higher stamp duty rate will apply to second homes, and the time in which homeowners can claim a refund, from 18 months to 36 months. This will give those who have an overlap between two properties or are "moving in difficult circumstances" longer to dispose of their main residence. In the Budget documents, the government confirmed that there will be no exemption from the higher rates for significant investors, and that higher rates will apply equally to purchases read more

Raises in tax killing off the BTL market

The number of buy-to-let mortgages rocketed by 22% in January compared with the same month in 2015, as landlords rushed to beat forthcoming tax changes. Around 9,500 loans were taken out by buy-to-let borrowers in January, compared with 7,800 in January 2015, according to the Council of Mortgage Lenders (CML). The total amount borrowed rose by 40% year-on-year to £1.4bn. The figures are the latest to show a surge in interest from investors ahead of the coming stamp duty hike on second homes. From 1 April, they will read more