Tagged: Landlords

New changes for the buy to let sector in 2018

buy-to-let

A busy 2017 for the buy to let market saw many lenders, advisers, and their clients adapting to changes in tax relief and the PRA changes on lending to portfolio landlords. This meant staying on top of the latest news and talking to clients about how this might affect their financial plans.

In December 2017 the government announced that it would proceed with extending mandatory property licensing of houses in multiple occupations (HMOs). On 23 January 2018, Housing Minister, Dominic Raab, stated that, subject to Parliamentary approval, the necessary regulations would be brought into force in October 2018.

Private Residence Relief For Landlords

Private Residence Relief

What is Private Residence Relief?

¬†You don’t pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply: you have one home and you’ve lived in it as your main home for all the time you’ve owned it.

When and How Much?

A great article we would like to share looks at the mechanics of capital gains tax private residence relief, and how residential property landlords may be able to claim relief.

With landlords facing capital gains tax (CGT) rates of 18% and/or 28% on the disposal of residential properties, this article considers the availability of private residence relief on disposals by landlords.