Taxes When Moving Home
If you are considering moving home in the second half of 2020/21, you are by no means alone. In the month leading up to 8 August 2020, 149,000 properties were put on the market – the highest number since before the financial crash in 2008. This might be attributed to the pent-up demand caused by […]
Mortgage Interest Relief for Landlords
Historically, landlords have enjoyed generous income and capital gains tax reliefs which helped make residential property an attractive investment for those looking to add to their monthly incomes or provide for retirement. But over the years the Treasury has eroded these reliefs, in particular the tax relief on mortgage interest payments. The changes kicked in […]
Winter Economy Plan
On 24 September 2020, Rishi Sunak announced his \’winter economy plan\’. This is not an extension of the furlough scheme, which still ends on 31 October 2020 as planned. The replacement \’job support scheme\’ will run for six months between 1 November 2020 and 30 April 2021. This is less generous than the furlough scheme […]