So what is this triple tax whammy the press are talking about and how might it affect your business?
- Cuts in capital gains tax not applicable to investment property
- Stamp Duty Land Tax – 3% surcharge applicable on buy to lets & second homes
- Wear & Tear allowance scrapped
This new tax year is not great news for landlords & second home owners.Please get in touch to see if we can make 2016/17 a tax efficient year for you.