06 08 2019
After what seems like an eternity of legislative drafting and rumours, legislation removing the ability for residential property investors to offset residential property losses against other income (for example salary/wages), was enacted on 26 June 2019.
The changes apply retrospectively from the start of the 2019/20 income year, which is 1 April 2019 for most taxpayers. With Capital Gains Tax off the table, it would seem these rules are here to stay for the foreseeable future.
05 08 2019
Keen to get into the property market as an investor? Before you start looking, you need to understand that what you’re looking for in a house to occupy may be different to an investment property.