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Showing results for tags 'btl tax'.
HMRC starting to go after landlords after the Let Property campaign: https://www.property118.com/might-late-hmrc-party/ A headache for letting agents...a nightmare for landlords who haven't been paying tax. Oh dear. "have well over 300 properties on my books, making this a mammoth task, and the data they are requesting needs to be transcribed on to HMRC’s specific spreadsheet in the specific format they insist by 09th April this year. I discovered some background to these notices on an accountant’s blog, but in brief, there are 900,000 landlords not paying tax on thei
So the CML are using some research by LSE to come to the conclusion that BTL is fine, nothing to see. https://www.cml.org.uk/news/press-releases/cml-research-survey-of-uk-landlords/ The directors comments were interesting. I had a quick look at the actual research paper they have plucked their nuggets from. Now the author's do their best to confuse the whole thing, however I drew some key points. Note there is a not too subtle difference between the terms 'landlord' 'BTL' and 'dwelling' So: 60% of landlords own a single property. 7% own 5 or more, th