Loophole that lets landlords dodge buy-to-let curbs: Six in ten invest through limited companies to avoid the new rules

Soaring numbers of landlords are using a tax loophole to beat the government’s buy-to-let crackdown.
More than six in ten are now investing in properties through limited companies to avoid rules coming in next year.
Curbs on buy-to-let, announced by former chancellor George Osborne in 2015, threaten to land thousands of landlords with bigger tax bills.
But the new rules will not apply to landlords who invest through a company rather than as an individual.
Figures show the number of applications for a buy-to-let mortgages made by businesses have tripled in the past year.
Now, 63 pc of... read more

7 October 2016 in Business, Views: 41
Source: Daily Mail

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