So, the promise to workers was that tax would not go up. The problem is the “hole” is getting bigger and as a result money has to come in. We all know workers can earn anything from apprentice rates to seven figures but Labour seem to have decided that workers don’t earn too much. Harder/better/luckier […]
Category Archives: Budget
This is a great question that was asked this week. Before it can be answered we need to separate investors from traders. This is a huge topic but loosely, for property, Investors generate their income from rent. Traders generate their income from flipping and developing for sale. Let’s deal with investors in the first instance […]
I’ve been helping a client with some capital gains calculations. They provided a breakdown of their property costs from their accountant and at first I was pretty impressed that they’d actually kept the details. On inspection though it became clear that the list of expenditure, kept solely for the purposes of working out the capital […]
I’ve mentioned Making Tax Digital a few times now but did I mention that Rachel Reeves announced that the threshold for participation will be as low as £20,000 by the end of the parliament? Now first of all I suspect she is planning a normal five year term so this could be 2029 but based […]
Well over 100 landlords heard me give my summary of the budget for landlords on Thursday. If you missed it you can watch it here. The overall theme is that the budget was not directly too bad for landlords but there are a lot of other moving parts to be aware of. I […]
I’m sure you’ve had your fill on the budget by now but just in case here is a little more. There are some pretty obvious headline matters which we’ll get out of the way first. SDLT up to 5% is the main thing that will directly affect landlords. Only those buying more properties of […]
In probably the first exciting budget in a generation (tax wise at least!) it will be hard to figure out what it all means. Luckily for those in the North East I will be covering this off more than once! Robson Laidler Full Budget summary – 8am 5th November – book here – our […]
I spent some time contemplating what could happen in the upcoming budget. It’s the first Labour budget for a generation so could be big news. At the time I spoke it was clear that Labour weren’t having the start they might have been hoping for but we could still have had almost anything announced. Since […]