Tag Archives: Deposit Protection

Reforms will see landlords facing a tax bombshell

More than 60% of landlords with private rental properties face being pushed into higher rates of income tax because of Government reforms, according to research. The Residential Landlords’ Association (RLA) says this is no time for landlords to feel complacent after the Chancellor George Osborne announced in his budget that mortgage interest relief for landlords is to be restricted to the basic income tax rate. However, the RLA says that landlords who pay the basic rate and believe they are unaffected by the changes will find themselves being pushed into paying a higher rate of income tax despite their income not increasing. That’s because the tax change for landlords will be applied to turnover and not profit. From their research, the RLA says that of 1,200 landlords they questioned who are currently paying the basic rate of income tax, more than 60% said the rule change would see them paying a higher or additional rate of tax. Impact of mortgage interest relief reforms affect landlords   Now the RLA has met with Treasury officials to raise its concerns about the impact of mortgage interest relief reforms and how this will affect landlords investing in new housing for rent. David Smith, […]

Landlords have more deposit protection choice

Landlords have more choice over how to safeguard tenant deposits after changes in the market at the start of April 2013.

Landlord fined for ‘minor’ deposit error

Judges are getting tough with landlords who make minor errors over the new data protection laws.