Tax breaks that allow investors to put residential properties into pension funds are over-heating the buy-to-let market, the Liberal Democrats have said.
Treasury spokesman for the Lib Dems, Lord Oakeshott, said rules allowing higher-rate taxpayers to buy £100,000 properties for just £60,000 are encouraging speculation in a falling market.
Lord Oakeshott, the Treasury spokesman for the Lib Dems, said in The Times: ‘Speculators in buy-to-let flats in Britain and jet-to-let holiday homes abroad can’t believe their luck. Gordon Brown has handed them a tax windfall by letting them put residential property into their personal pension funds from April next year.’
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
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