Recent tax changes that affect your self assessment
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Introduction
A number of big changes have been announced in recent times, which affect landlords’ tax positions.
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It has been said that the Government are trying to level the playing field and penalise wealthier landlords, however, unfortunately, the changes are much more far-reaching and affect a great deal of landlords with varying degrees of income levels.
There are so many variables and new laws, that it is impossible to cover everything. However, we shall provide an overview of the key areas. There is no one-size-fits-all solution available to landlords and it is strongly advisable to seek advice on your own position, and see the best route forward for your circumstances.