Splitting ownership of a property will have different tax implications, depending on whether the owners are married or business associates.
This video looks at the dangers of transferring a buy to let to a Limited Company and the effects of the ‘market value’ rules.
Peter describes tax relief changes on mortgage interest, scrapping of Wear & Tear Allowance, replacement rules and additional Stamp Duty.
Identifying what can and cannot be claimed as an expense when renting out a property to help minimise tax.
Explaining new rules on mortgage interest which will be phased in over 4 years from 2017