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Tuesday, July 09, 2013

Tax take from landlords at record levels

Tax take from private residential landlords is running at record levels according to the latest data which shows it standing at 13pc higher than for the same period last year and with the number of individual landlord tax payers standing at a record 1.9 m.

It seems that a combination of lower mortgage rates and the lack of high yielding safe investments is encouraging increased levels of investment into the private rental sector leading to a rising level of taxable rental profits across the sector.

I advise all landlords to make sure that they are claiming their full entitlement of tax allowances which can be off set against rental profits when they relate to expenditure incurred 'wholly and exclusively' in the running of their rental business.

Tax Saving - Opportunities
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