Buy-to-let landlords 'should take advantage' of tax breaks
Date posted: 05 May 2010
Landlords are being encouraged to take advantage of some of the buy-to-let tax breaks that might apply to their property portfolios.
Published by Tim Hill.
Landlords must be aware of buy-to-let tax breaks which could prove financially beneficial to them, according to one organisation.
Mortgage interest and accountancy fees are just two of the costs that Paragon Mortgages believes landlords may be able to claim on.
John Heron, the firm's managing director, commented that those who let out properties should not disregard the potential tax savings they could make.
He stated: "Good tax planning is key, particularly as buy-to-let landlords are on the taxman's radar.
"How you implement, manage and run your tax affairs could have a major impact on your property investments."
Water rates and insurance may also be things that landlords are able to claim on, Paragon Mortgages suggests.
The firm is now making its Buy-to-Let Tax Guide available to landlords, in order to help them learn more about important tax issues.
Last month, the company revealed that in the second quarter of this year, as many as 12 per cent of landlords could make property investments.
Please contact Michaela Henson, Head of Property for further information or call 01223 225178
Click here to email or call on 0207 382 8060.
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