George Osborne’s summer budget 2015, and the subsequent Finance (No2) Act 2015, introduced far ranging changes to the income tax relief that can be claimed by individual landlords for finance costs. George believed that property landlords were adding too much inflationary pressure to the UK’s…
Author: Dev15
Autumn statement 23 November 2016
Philip Hammond has announced the date for the Autumn Statement: 23 November 2016. In the past, Chancellors have used the occasion to set the scene for the following years’ budgets. This year, Philip Hammond will be disclosing the fiscal direction of the new Conservative government.…
Taxman safeguards billions of tax payments
The Financial Secretary to the Treasury, Jane Ellison MP, announced last week that HMRC has collected £3 billion up-front from tax avoiders. The move continues the government clampdown on tax avoidance following last month’s announcement that enablers of tax avoidance will face tough new sanctions.…
Letting out part of your home
There are a number of considerations that home owners will need to consider if they are letting out part of their home. The following points cover some of the more obscure situations that can arise: I’m a tenant. Can I sublet part of the property…