Posts Tagged ‘British Taxpayer’
Tax Changes to Affect Landlords in 2016.
Following last year’s Budget announced by George Osbourne, we have had to come to terms with the fact that Mortgage Interest Relief for residential landlords will be restricted to the basic income tax of 20%. In addition, landlords will no longer be entitled to a wear and tear allowance for furnished properties. Under the current…
Read MoreSale of Northern Rock mortgages.
Chancellor George Osborne has authorised a record-breaking £13 billion sale of mortgages acquired from the Northern Rock by the government during the financial crisis, this is the largest ever financial asset sale by a government in Europe. The mortgages, which were originally owned by Northern Rock are being sold by UK Asset Resolution (UKAR) to…
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