Residential landlords report higher tax bills

Buy-to-let landlords saw increases to their tax bills in the 2017/18 tax year, suggesting many felt the bite in the first year after changes to mortgage interest relief were introduced. In a survey by Paragon, 58% of landlords said their tax bill for 2017/18 was...

More landlords are changing business structure

Landlords with larger portfolios are increasingly moving to limited company status for new purchases, as restrictions to mortgage interest relief take effect. According to Precise Mortgages, 64% of landlords with more than four properties who plan to buy this year...

Employees warned against pension opt-outs

Opting out of a workplace pension could cost employees almost £542,000 in savings throughout their working life, estimates from Aegon show. From 6 April 2019, auto-enrolment minimum contributions are set to rise from 5% to 8% of the worker's qualifying earnings. This...

Think tank calls for tax relief reform

A think tank has urged the Government to carry out a radical reform of tax reliefs, to tackle intergenerational unfairness. Research published by Bright Blue recommended creating a new Office for Fiscal Responsibility, which would pursue tax simplification and examine...