Expert advice on tax

In our latest podcast episode of our ‘Landlords, Lettings and Deposits’ series, Paul Shamplina, Brand Ambassador for Hamilton Fraser discusses with industry expert Eddie Hooker, CEO of Hamilton Fraser, about recent changes to tax regulation for landlords. Together they give their top tips when dealing with this challenging topic.

Covered in this podcast:

  • General advice on the hot topic of tax – how recent significant changes to tax and other regulations are affecting landlords and how potential tax liabilities will impact increasingly on their future purchasing decisions
  • How mortgage interest relief is changing as the reduction in buy-to-let tax relief on mortgage interest payments is phased out from April 2017 to 2020/21. Some landlords will be hit hard by these changes as they are pushed into a higher tax bracket
  • The rise in company landlords and potential reductions in corporation tax – 100,000 more landlords are looking at company status now compared with a year ago in an attempt to minimise the impact of the changes to mortgage interest relief
  • The impact of the 3 per cent surcharge in stamp duty on second homes which came into effect in April 2016
  • Changes to capital gains tax and how landlords have responded • The abolishment of the wear and tear allowance in April 2016
  • How good tax planning now will stand landlords in good stead for the future, particularly as interest rates increase, including advice on employing the services of a tax expert

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If you have any issues or topics you would like the podcast series to cover, use our #AskPaul hashtag on our @totallandlord Twitter page or search Total Landlord Insurance on Facebook.