As of 6 April 2017 the tax relief landlords receive for mortgage interest and other finance costs is restricted. The restriction is being introduced gradually so that by 2020/21 landlords will receive tax relief for finance costs at basic rate (currently 20%) instead of at the rate at which they pay tax. This change does … Continue reading To Have, Hold & Share Rental Income Tax Efficiently
From 6 April 2017 the relief that Landlords receive for mortgage and loan interest on residential lettings will be restricted. It marks a big change for Landlords as it is estimated that one in five will be affected by the policy. Under the new rules, by 2020/21, finance costs will no longer be deducted from the … Continue reading Landlords: Is your Tax on the Up from April 2017?
Following on from the Chancellor's first and last Spring Budget, we are pleased to provide you with our summary of the key announcements, along with our tax tables for the 2017/18 tax year: The main changes include: The tax-free dividend allowance will be reduced from £5,000 to £2,000 from April 2018. Class 4 national insurance contributions … Continue reading 2017 Budget Review
This weeks edition of the South Wales Argus features an article on the development of our own software. An accountancy firm has developed its own software suite in order to help businesses manage their taxation and finances better. Cwmbran-based accountancy firm Green & Co Accountants and Tax Advisors has spent over two years researching what their … Continue reading Accountancy firm develop its own software in bid to perfect service to clients
Read Green & Co’s article on the upcoming changes to mortgage interest relief, in the Autumn Edition of the Torfaen Business Voice Newsletter. Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.