Landlord Tax Rises - Have you Signed the Petition?

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Ray D
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Has everyone signed the petition against the proposed tax rises?

https://petition.parliament.uk/petitions/104880

If you don't know the full effects of the changes then you NEED to find out now and talk to your accountant. For example, all fiance costs (Interest, mortgage and broker fees etc. will now be added back to your other income to determine your marginal rate of tax. You could very easily change from a 20% tax payer to a 40% tax payer overnight and end up paying tax not only on your profits but ALSO on your mortgage COSTS. Yes that's right you will pay tax on the COSTS of running your business!
10/12/2015 22:07

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