On The Spot Blogs

Tax Checklist - Use It or Lose It - March 2016

With many changes announced even before this Wednesday's Budget, it's worth checking through these five items in case you want to take action before the end of the month/5 April:

 

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(Residential) Property Is Dead! Long Live (Commercial) Property!

If you let out a residential property, you shouldn't underestimate the effects of some important changes to the tax rules.

Tax is like any other cost. It reduces the return you get from your asset. Therefore if your tax cost increases, your return decreases and this may affect your view as to whether your property remains a good investment.

 

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