Tax update for landlords

In this article for Chestertons, Shipleys Tax Principal Mike Luckett, gives a round-up of the latest tax changes which landlords should be alert to.

The property sector has always attracted Government interest as a source of taxes. This means landlords often have to navigate rule changes and new deadlines. In this article Shipleys LLP Tax Principal, Mike Luckett, gives a roundup of recent developments.

The article covers:

Read the article on the Chestertons’ website:

Keeping Current With The Latest Tax Changes

Can we help?

Our team of property specialists have a long track record of helping landlords of both residential and commercial property.

We are often asked to help with special projects such as tax planning (including SDLT and VAT), and in the current climate debt and business restructuring, as well as the routine compliance.

Tax planning for those in the sector covers a huge variety of areas and examples include the principal private residence exemption, trading vs. investment, the availability of entrepreneurs’ relief, partnerships and succession, inheritance tax, SDLT mitigation, capital gains for groups of companies and capital allowances.

If we can help with any property-related tax question, please do get in touch.

Thank you to our friends at Chestertons for the opportunity to contribute to their newsletter.

Specific advice should be obtained before taking action, or refraining from taking action, in relation to this summary.

Copyright © Shipleys LLP 2022

Current Issues

Offshore Reporting Funds

An overview of the tax treatment of offshore investment funds and the effect on UK investors when the fund applies for ‘offshore reporting fund’ status.

Financial Services Update – June 2022

In this issue we cover the latest compliance and policy developments for the sector, plus the implications of fresh FCA guidance.

Making your inheritance tax allowances count

More and more estates are now subject to paying inheritance tax (IHT), but much can be done to mitigate liability by using the available allowances.