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The property and construction sector is facing a number of challenges due to the multitude of changes introduced by the Government in recent Budget statements and the uncertainty as a result of the Referendum in June.
The buy to let market in particular has become more challenging due to changes to the treatment of expenditure on furnishings, the restriction of mortgage interest tax relief, an additional 3% charge on Stamp Duty Land Tax and changes to Capital Gains Tax. All of these changes impact on the profitability of the buy-to-let market and provide a great deal of uncertainty for landlords.
Attempting to get a handle on what all the changes mean can be difficult. In addition, the existing rules for property with regards to Value Added Tax, Capital Gains Tax and financing are complex. When coupled with the question of whether to run your business as an individual, partnership or company it was apparent to us as professionals there was a need to provide clarity to the industry.
We have a dedicated team of specialists who focus primarily on the property and construction sector, so sign up for our bi-annual newsletter "Property Matters" and start recieving updates, guidance and technical advice on the complexities faced in this sector.
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To find out how our property and construction specialists can help your business contact <b>Susan Winter</b> on <b>01228 690194</b>Contact Susan
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