Always Read the Small Print…
After last month’s Budget we thought perhaps landlords had been given a break. Chancellor Philip Hammond didn’t mention the sector once in his speech and we all breathed a collective sigh of relief. That was until we read the small print.
Yes, it seems landlords did not quite get away scot-free. According to reports, buy to let investors operating through limited companies will face a bigger Capital Gains Tax bill when they come to sell up as a result of changes to the way CGT is calculated.
Landlords should consider using trusts to avoid such problems. If you’re interested in finding out more, speak to our team today.