Kent Reliance for Intermediaries Webinar - Navigating the tax landscape for your

The session focuses on the introduction of restrictions to income tax relief on 6th April 2017 which has significantly impacted landlords and the profitability of their portfolios. Prior to April 2017, landlords had been able to deduct 100% of their home finance costs from their rental income to calculate the taxable rental profit. These restrictions have been gradually phased in and now, tax year (2020/21), there is no allowable deduction for finance costs at all. In this session we will outline each tax that landlords need to be aware of prior to purchasing, transferring into a company structure or selling an investment property. This includes the capital gains tax liabilities of incorporating and the implications of buying or transferring property for stamp duty land tax and inheritance tax. While brokers should not be giving tax advice to their clients, it’s important that they too, are aware of the tax implications for their landlord clients.