Landlords in the buy-to-let market will be the winners with the income tax
cuts that have been dished out by Gordon Brown in his
Wealthier landlords stand to benefit from cuts from at least £1500 a year,
while well-off retired people topping up pensions with rental income could see
similar-sized tax benefits, the FT reported.
Grant Thornton senior tax partner Mike Warburton said this was unexpected of
‘This apparent favouring of unearned income in the Budget could be seen as
perverse,’ said Warburton.
Landlords will also not be subject to national insurance since income from
buy-to-let properties as well as other
pensions and investments are exempt from
‘The great majority of buy-to-letters are deemed to have rental rather than
traditional businesses so NI doesn’t arise,’ said PwC tax partner John Whiting.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed