Buy-to-let still a smart investment | Bradleys Accountants | Kent

/ Posted By - Bradleys Accountants / Categories - Accounting news

In spite of the Chancellor coming down hard on buy-to-let landlords in his Summer Budget, the lettings market still offers healthy profits to investors, as per a report by PWC.

The new research found that there is a steady supply of people looking for homes and the demand is only expected to rise. It forecasted that a quarter of all homes across the UK will be lived in by tenants rather than owner-occupiers over the next 5 years.

Estate agency Leaders’ lettings director Emma Wells said: “Tenant demand remains incredibly high and is expected to continue to rise over the years to come. Void periods are at a 13-year low with the average rental property being occupied for almost 50 weeks each year. Just 6% of Leaders’ rental properties have been the subject of a void period in the last year, meaning the vast majority of our landlords have enjoyed rental income for at least 12 consecutive months.”

However, new tax relief reforms announced earlier this year have left an impact with some lenders now offering limited company buy-to-let finance products, as these offer a new tax-efficient alternative to invest in property.

    Subscribe to our newsletter

    The new tax relief reforms won’t come into effect until 2017. However, here are the changes in brief:

    If are a landlord and would like to discuss the tax aspects of buying, selling and letting property, we would be pleased to have a ‘no-commitment’ informal chat around your circumstances and provide a free initial consultation.

    Our Auto Enrolment management service will:

    Register your business with The Pensions Regulator

    Help you execute a plan that meets your obligations

    Provide employees TPR-approved assessments letters through payroll

    Automatically enrol eligible employees and manage opt-ins/opt-outs

    Re-enrol eligible employees not in a workplace pension scheme

    Related Articles

    Everything you need to know about moving…
    | Accounting news

    Ever since HMRC announced basis period reforms, there has been much discussion and confusion around … Read more

    What does the Spring Statement 2022 mean…
    | Accounting news

    Rishi Sunak tinkered with a few items in his most recent Spring Statement on March … Read more

    Claiming CIS deductions faces changes from April…
    | Accounting news

    From a tax and legislative compliance perspective, 2021 was a busy year. The added burden … Read more

    X

    Subscribe to the newsletter

    Know about latest accountancy updates, company news and business growth tips. Every month, in your inbox

      Subscribe to our newsletter