Property market 2022 and the tax legislation that you need to be aware of
As we head into 2022, Tim Walford-Fitzgerald, Partner at UK accountancy firm HW Fisher shares his expectations for the property market and the 6 major tax considerations you need to be aware of.
6 property taxes to be aware of:
1: HMRC is cracking down on landlords and capital gains tax payments
HMRC may get more aggressive with landlords who have missed some of the changes in rules in recent years. Now that the residential mortgage relief restriction is in full force, we expect less tolerance for misreporting, especially in light of the losses that some landlords may have from recent defaults. To continue reading, please Click Here