Announced in 2016 for implementation in 2020, landlords have dreaded the arrival of Making Tax Digital (MTD) with the need for quarterly tax returns and automated software. The good news is that it has been delayed once more to at least 2026.
Income Tax Calculator Updated
Back in 2015 when the anti-landlord tax changes introduced by Tory ex-chancellor, George Osborne started to be introduced - we produced a simple calculator for landlords to help them understand the step by step introduction of income taxes on their expenses as well as their income.
Now those changes are complete and ALL of your finance charges are taxable, we have simplified and updated the calculator so it works in todays taxation environment.