Member Article

360 to help those confused over tax laws

Landlords and buy-to-let investors are being urged to attend a specialist surgery to help them understand the full implications of recent changes to tax law.

Since the Chancellor unveiled the unexpected tax changes in the Budget, landlords and buy-to-let investors have been left reeling as they count the cost of what this could mean for them, according to Hull and East Yorkshire-based 360 Chartered Accountants.

Andy Steele, Director of 360 Chartered Accountants, said:

“More and more landlords are contacting us, worried about their future, so we thought it would be a great idea to put on an event especially for them. The tax implications have indeed become more complex because many reliefs they’ve been able to claim previously have been (or will be) withdrawn or reduced.

“Meanwhile buy-to-let investors also need to take care depending on what mortgage interest they are currently paying. Higher-rate taxpayers could see their returns reduced in the next few years while the changes could force some basic-rate taxpayers into the higher-rate tax bracket.”

The 360 “Saturday Morning Surgery” will take place on Saturday 4th June 2016 at 360’s headquarters on Albion Street in Hull. Experts will be on hand to discuss any aspect of property management including the changes to stamp duty, income tax, wear and tear allowance, self-assessment, allowable expenses and Capital Gains Tax on the sale of properties.

There’s no need to make an appointment. Anyone wanting to pop in for a chat can simply drop by between 9am and 11.30am.

For more information about 360 Chartered Accountants please visit www.360accountants.co.uk or call 01482 427360.

This was posted in Bdaily's Members' News section by FDPR .