Budget 2015 – Landlord Energy Saving

Landlord Energy Saving Allowance (LESA) This tax relief that allows landlords to spend up to £1,500 on energy saving improvements to each rented home in a tax year was due for renewal on April 6, 2016. However, the Chancellor has not announced LESA will continue, so the relief disappears after the end of this tax…

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Budget 2015 – Capital Gains Tax

Capital Gains Tax Capital gains tax (CGT) is unchanged for UK resident taxpayers – expats selling homes in the UK, the rules change pay CGT on any gains in property values from April 6, 2015. For disposals before that date, expats paid no CGT, but will pay the tax on any disposals after that date.…

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Budget 2015 – Earn more before tax

Earn more before paying tax Some subtle changes in income tax allowances and earnings thresholds will put a few pounds back into the pockets of landlords. From April 6, 2016, the personal allowance is £10,800, increasing to £11,000 in April 2017. The higher rate tax (40%) threshold also changes on April 6, 2015 from £41,865…

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Budget 2015 – Tenanted properties

Chancellor George Osborne’s Budget 2015 is set to revolutionise property letting by allowing tenants to share their homes without gaining permission from landlords or freeholders. The measure opens the way for millions of tenants to take in lodgers as part of the government’s new ‘sharing economy’ policy. The policy is aimed at boosting business and…

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