The regulations and licensing that effect landlords are constantly changing. A recent issue in the headlines is the income tax relief that landlords can claim on their buy-to-let properties’ mortgage payments. It’s currently being overhauled by Section 24 of the Finance Act, a measure which was first announced in the Budget back in 2015. The change will expose landlords to an increase in tax liability, and yet many overseas landlords are unaware, and under prepared.

As part of the property management service we provide to a portfolio landlord based overseas we advised on the changing tax laws. In relation to Section 24 we proactively carried out research, and prepared a tailored proposal designed to inform him of the alternative usage options, anticipated income, and reduced tax liability.