February 2021
Elaine Shiels
Tax
Hidden tax traps for younger generation jumping into the investment property market
The SDLT holiday has tempted many to purchase buy-to-let properties, but their new venture may not be as lucrative as it seems. Changes to tax relief for mortgage interest can easily affect the tax liability, but less known is the impact on Child Benefit and Student Loan repayments. Younger people and parents may be in for a surprise from their tax return and could be forced to increase rents to make their investment worthwhile.
3 minutes