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Record number of buy-to-let companies have been set up since the start of 2016, the point at which landlords who were higher-rate taxpayers stopped being able to fully offset their mortgage interest from their tax bill. Existing investors are also shifting their buy-to-lets into limited companies to reduce their tax burden when they sell properties. Given that properties sold by companies are not subject to capital gains tax, any increase will deepen this divide. There are rumours that capital gains tax could be increased in the upcoming Budget, which may have contributed to the increase in landlords incorporating.

Discover HMRC’s New Rules for Employment Expenses Claims! 🚀 Starting 14 October 2024, HMRC is rolling out new evidence requirements for claiming tax relief on employment expenses. Learn how these changes impact you, what evidence you’ll need, and how to navigate the updated claim process. Don’t miss out on your eligible tax refunds—get all the details here!

Life’s too short to be bogged down by complex tax rules—focus on what matters most: celebrating your team and running your business effectively.

HMRC’s Personal Tax Accounts (PTAs) serve as an online tool that allows taxpayers in the UK to view and update their information in real time. These accounts can be used for various routine requests and services, eliminating the need to call or write to HMRC.

The Let Property Campaign gives you an opportunity to bring your tax affairs up to date if you’re an individual landlord letting out residential property in the UK or abroad and to get the best possible terms to pay the tax you owe.

What is a capital gain?