Be aware of the changes that affect landlords

Be aware of the changes that affect landlords

By Shoaib Arshad 9th Feb 2016

Do not forget about the changes that come into place for buy to let landlords, especially the ever-looming increase in stamp duty from 1 April 2016.

Additionally, starting from April 2017 landlords will no longer be able to deduct mortgage interest payments before calculating their tax bill. They will instead get a tax credit equivalent, needless to say these changes are making buy to let investments more difficult. 

Now is the time to make the most of the existing tax benefits...

Any money spent on keeping a property in a good state of repair for example is tax deductible, so keep tabs on what you can and cannot do to your property, to make sure that it continues to be a good investment.

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