As many will be aware, the government have restricted the tax relief available to landlords from increasing Land and Buildings Transaction Tax and restricting the amount of loan interest relief available against rental income.
Residential property owners have had their fair share of tax changes to contend with in recent times. However there is a further matter on the horizon which I don’t think has been particularly well publicised.
Alex Nicholson, VAT Director, explains all about VAT liabilities on caravans and lodges
Holiday Parks see a surg in occupancy levels and record sales of new caravans and lodges off the park - what are the key drivers for this boom?