Focus Shifts to Changes in Buy-to-Let Tax Rules

Later this month, benefits of buy-to-let investments are set to be looked into at a free seminar in Swindon.

Chartered accountants, Banks BHG will host the early evening event on February 24, which will look at the effect of the Chancellor’s new rules and regulations for individuals, trusts and partnerships  who own more than one property.

The seminar's main focus will be on the upcoming tax changes, including the new restrictions on mortgage interest relief and changes to Stamp Duty, Land Tax and Capital Gain Tax for owners of buy-to-let properties. 

“In light of these changes, many may be thinking of restructuring their portfolios,” said Neil Elsden, director at Banks BHG in Stratton. “Similarly, many investors either remain unaware of the changes, or underestimate their severity.

“At the seminar we will go into some detail about the implications of the tax changes. For example, when the announcement about restrictions on mortgage interest relief was made, the Chancellor George Osborne implied that the extra tax would hit only higher-earning landlords but this isn’t necessarily the case.”

Expert speakers at the event will be William Crowley, an independent financial adviser from Castlegate Investments, and Anna Rouse and Simon Legge, both from Castles Estate Agents.

The seminar starts at 5.45pm, and will be followed by a light buffet. It is free, but booking is required, via www.banksbhg.com