This follows the tax changes begun on 6 April 2017, with some changes to income tax for private landlords set to be phased in over the next two years.
The guide has been released to coincide with landlords preparing their first tax returns under the new regime.
It has been written by a tax expert and breaks down the legislation into bitesize points and explains the issues to consider. It includes:
- Capital Gains Tax
- How taxes are different for landlords who buy-to-let through limited companies
- Tax differences for properties held in trust
- Changes to what landlords can claim as tax relief
- Stamp duty increases for BTL properties
Jeremy Duncombe, director of intermediary distribution at Accord Mortgages (pictured), said that tax for landlords has become increasingly complex since the new rules came into force last year.
He added: “With the first self-assessment deadline since the changes fast approaching in November, we thought it might be useful to provide brokers with an accessible online guide on how tax has changed for landlords and what it might mean for their clients.
“Our online guide provides a free, simple and easy way of understanding your clients when advising them on which type of mortgage is best for them.”