Issue 5 of our Property Matters Newsletter

Issue 5 of our Property Matters Newsletter is one which has been influenced by the March Spring Budget, during which there was an announcement in relation to the treatment of Furnished Holiday Lettings, and my colleague Harriet Sim has provided her views on the changes that are to be made. Daniel Walker also covers what happens if your rental or Furnished Holiday Let (FHL) business makes a loss in the tax year and how can you use these losses to save tax.

There has been some good news with Capital Gains Tax on the sale of residential property, with a reduction in the higher rate of tax to 24% from 6 April 2024, and this is certainly welcome news.

Again there have been minor changes to Stamp Duty Land Tax (SDLT) for first time buyers, but for those investing in a number of properties there are some major announcements which Shamus Chaplin explains.

Sarah Lockhart-White covers ATED deadlines for us and Byron Roberts discusses how Making Tax Digital for Income Tax could affect our property clients.

Click here to read our Property Matters Newsletter: Issue 5

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Disclaimer - All information in this post was correct at time of writing.