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23rd July 2021
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It may seem like a no brainer investing property, protecting yourself for the future and a second income stream. But long gone are the days of the generous income and capital gains tax relief that it once was.
If you are a landlord or thinking of becoming one you’ll find out latest guide useful.
You can download the full guide here
Changes from 6 April 2017, income tax relief for landlords who owned residential property was restricted to 20% which is the basic rate of income tax. But what changes are happening in the 20/21 tax year? Read our latest guide to find out more information. Our guide covers the below topics;
- Recent changes to Income tax relief
- The basic-rate tax credit
- How the tax credit works
- Example
- Calculation
You can download the full guide here
If you found this useful, please share it using the icons at the side of the page, or leave a comment below.
Any questions?
If you’d like a meeting or a Skype call to discuss this, please get in touch with your favourite Liverpool accountant
- You can ring us on 0151 380 8080
- You can email us at growth@jondaviesaccountants.co.uk
