Tax and legal experts are offering to talk Buy to Let investors through major changes that will soon hit all UK landlords.
North East law firm Sweeney Miller Solicitors and tax specialists Tait Walker have joined forces to hold an urgent seminar to explain the imminent tax implications.
The important changes were announced in the Chancellor’s Autumn Statement and will affect any individuals who own buy to let properties.
At the seminar, which takes place at Newcastle Falcons Rugby Ground on Tuesday 1st March, experts will explain how to prepare for the changes.
They will consider these changes from a taxation and regulatory point of view and discuss what they mean for your property portfolio.
What will be covered?
- The increase of 3% in Stamp Duty Land Tax from April 2016 and its impact on buy-to-let-investors;
- Changes to tax relief for loan interest (restrictions on mortgage interest reliefs from April 2017);
- The abolition of the “wear & tear” allowance from 2016;
- Changes to the reporting and payment window for Capital Gains Tax on residential property from April 2019;
- Incorporation – potential issues with SDLT and Capital Gains Tax.
- Considering practical examples of the implications of the tax changes
- A legal update for 2016 – Discussing the recent changes in the private rental sector and in particular, the ‘Right to Rent’ checks now required on BTL properties.Any property agents or buy to let landlords are welcome to attend the event on Tuesday 1st March 2016. Attendees are welcome from 5.30pm for registration, drinks and buffet with presentation starting at 6pm with closing questions by 7.30pm.
- The event will take place within the Platinum Suite South, West Stand, Newcastle Falcons rugby ground: http://www.newcastlefalcons.co.uk/Maps/Club/How-To-Find-Us#jsmap