Removal of FHL – One man’s poison is another man’s meat. How will it affect you?
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The changes in Serviced Accommodation will impact different people in different ways. To some, it will provide an advantage, for others it will be time for change.
The changes are threefold:
1) Removal of FHL means the income for those who own in personal name will be treated identically to buy-to-let income for tax purposes.
View Full Article: Removal of FHL – One man’s poison is another man’s meat. How will it affect you?
How FHL abolition will impact UK holiday let owners
Landlords and owners operating furnished holiday lettings (FHL) may still be reeling from Chancellor Jeremy Hunt’s announcement in the Budget that tax relief will be abolished from 6 April 2025.
Now tax accountants BDO have revealed what the financial impact will be from next year.
View Full Article: How FHL abolition will impact UK holiday let owners
Buy to let lenders announce new products and lower rates
Several buy to let lenders have updated their products and rates to attract more landlords and investors.
The Mortgage Works (TMW), a specialist BTL arm of Nationwide, has cut its Interest Cover Ratios (ICR) for both higher and lower rate taxpayers
View Full Article: Buy to let lenders announce new products and lower rates
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