Seminar will put spotlight on changes in buy-to-let tax rules

February 15, 2016
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A series of Government measures which curb the benefits of buy-to-let investments will be explored at a free seminar in Swindon later this month.

Accountants Banks BHG will host the teatime event on February 24, which looks at the effect of the Chancellor’s new rules on individuals, trusts and partnerships owning more than one property.

The seminar will focus on the upcoming tax changes, including the new restrictions on mortgage interest relief and changes to Stamp Duty, Land Tax and Capital Gain Tax for owners of buy-to-let properties. 

Banks BHG director Neil Elsden, pictured, said: “In light of these changes, many may be thinking of restructuring their portfolios. Similarly, many investors either remain unaware of the changes, or underestimate their severity.

“At the seminar we will go into some detail about the implications of the tax changes. For example, when the announcement about restrictions on mortgage interest relief was made, the Chancellor George Osborne implied that the extra tax would hit only higher-earning landlords but this isn’t necessarily the case.”

Expert speakers at the event will be William Crowley, an independent financial adviser from Swindon-based Castlegate Investments, and Anna Rouse and Simon Legge, both from Swindon estate agents Castles.

The seminar starts at 5.45pm, and will be followed by a light buffet.

It is free but booking is required via www.banksbhg.com

 

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