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....Isas are accounts on which you will never have to pay tax. During the current tax year you can put £15,240 into an Isa and leave it there forever, and the interest or capital gains are free from tax. ... [Read full article on Guardian ]
Saturday 25th of March 2017 07:00:03 AM
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Latest Finance News related to Capital Gain

Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... The simple fact is that wealth does not trickle down, even in tax havens. Almost without exception these places have no taxes on wealth, so inheritance taxes and capital gains taxes are absent. ...
Budget 2017: tax on dividends will be a raid on 2 million small investors image
....”. Richard Stone, chief executive of stockbroker The Share Centre, says the dividend allowance introduced by George Osborne undermined part of the logic for using an Isa account – namely that all income and capital gains within an Isa are tax-free. ...
Simplify the tax system and the ‘economy will be more efficient’ image
Source : Daily Express [Read Article] Monday 6th of March 2017 08:33:00 AM
. The body wants the Government to do away with capital gains tax, stamp duty, council tax, business rates and inheritance tax. ...
Budget 2017: No 'spending sprees', Hammond warns image
Source : BBC [Read Article] Sunday 5th of March 2017 02:20:28 AM
....Also on the Marr show was Labour shadow chancellor John McDonnell, who said the National Living Wage should be increased to give workers a "pay rise". He said this, along with reversing changes to disability benefits and a cash injection for the NHS, could be funded by reversing £70bn in corporation, capital gains and inheritance tax cuts. ...
Big returns image
Source : BBC [Read Article] Sunday 5th of March 2017 01:39:06 AM
.... Investing with him would have turned £10,000 into £22,697 over the 10 years. That sum includes £8,000 in capital gains, and £4,000 in income. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....He is calling on Chancellor Philip Hammond to scrap this “absurd tenant tax” in the Budget on Wednesday. Landlords even pay a higher rate of capital gains tax when selling a property, at 18 per cent for basic rate taxpayers and 28 per cent for higher rate taxpayers. ...
ISAs 2017: Can I move existing shares into an ISA? What happens to my ISA if I go abroad? image
.... . “The process could generate a capital gain (or loss), however if your total gains are within the capital gains tax allowance of £11,100 there will be no tax to pay. ...
ISAs 2017: Can I move existing shares into an ISA? What happens to my ISA if I go abroad? image
. April 5 is the deadline for investing in an Individual Savings Account (ISA) – essentially a tax-free shelter which protects your money from dividend, income and capital gains tax. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
.... Jimmy Carter tried, but immediately ran afoul of his party’s leadership in Congress – and subsequently struggled to get anything accomplished. For example, Congress turned his proposed tax cut for dividends into one for capital gains. ...
Will we pay higher stamp duty on a buy-to-let property? image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:10:19 AM
.... On a property costing £220,000, which is not replacing your main residence, you will face a stamp duty bill of £8,500, which is £6,600 more than the tax at the standard rate. You will also have to pay income tax at your highest rate on your share of the rental income, plus capital gains tax (CGT) if you sell the property for more than you paid for it, and possibly inheritance tax (IHT) because the property will form part of your estate on your death. ...
ISA allowance: If I don't use this year's allowance, can I carry it over to next year? image
Source : Daily Express [Read Article] Wednesday 15th of February 2017 04:42:00 PM
....The stock market offers higher potential rewards than a cash ISA but it comes with more risk. There is no tax on income and capital gains from investments. ...
Here's how being married still has its financial benefits image
Source : Daily Express [Read Article] Wednesday 15th of February 2017 08:07:00 AM
....Capital gains tax. Married couples can also cut any capital gains tax (CGT) liability, because they can transfer assets between themselves without triggering a tax charge. ...
What is an ISA? How to save money with an ISA? Advice and tips image
Source : Daily Express [Read Article] Thursday 9th of February 2017 05:00:00 PM
....With a cash ISA, you do not pay any tax on interest. With the other ISAs, you do not pay tax on income or capital gains from investments. ...
ISA 2017: What happens if I've paid too much into my ISA? Can I have more than one ISA? image
. Individual Savings Accounts (ISAs) allow savers to protect their money from dividend, income and capital gains tax. ...
ISA 2017: If you already have an ISA do you get 2 allowances each year? Can I open 2 ISAs? image
. An Individual Savings Account (ISA) is a tax-free shelter which protects your money from dividend, income and capital gains tax. ...
Savers warned: Here are the 10 big ISA mistakes to AVOID ahead of deadline  image
Source : Daily Express [Read Article] Wednesday 8th of February 2017 05:57:00 PM
.... Amid ultra low interest rates and rising inflation, more savers are turning to so-called stocks and shares ISAs - which can hold a range of investments - over the cash equivalent. Keeping assets inside the tax-free wrapper, mean that payments from shares are protected from dividend, income and capital gains tax. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....From April 2017, however, non-doms will lose some of their advantages and foreign nationals will no longer be able to enjoy tax breaks indefinitely in the UK. Those resident in the UK for 15 out of the previous 20 years will be liable for inheritance, capital gains and income tax on their worldwide assets. ...
Tax return DEADLINE: Millions urged to act TODAY to avoid £100 fine  image
Source : Daily Express [Read Article] Friday 27th of January 2017 04:14:00 PM
....Returns are filled in for the previous year that runs until April 5. If you owe any capital gains tax from selling investments, such as shares or property, worth more than £11,100 you'll also need to fill out the return. ...
10 ways to cut your tax bill image
Source : Guardian [Read Article] Saturday 14th of January 2017 07:00:19 AM
.... You can shift savings and assets into an account in your partner’s name. Richard Morley, tax partner at accountants BDO, says couples can give each other up to £11,100 a year without incurring capital gains tax. ...
 Act NOW to slash your tax bill: Self-assessment tax returns due by end of January image
Source : Daily Express [Read Article] Wednesday 11th of January 2017 12:01:00 AM
.... . Monteith added that you must declare all your income and capital gains: “There are severe penalties for failing to declare all taxable income and capital gains. ...
Save on tax: 10 ways to - legally - cut what you pay to HMRC  image
Source : Daily Express [Read Article] Sunday 8th of January 2017 04:33:00 PM
...."6. Use your capital gains tax allowance with your ISAIt's estimated millions of pounds in Capital Gains Tax (CGT) could be avoided by making the most of ISA allowances. ...
Rex Tillerson cuts ties with Exxon Mobil via $180m retirement package image
Source : Guardian [Read Article] Wednesday 4th of January 2017 02:16:38 PM
.... His children will manage his portfolio of businesses and have already been invited to meetings with top government officials and business leaders. The unprecedented wealth of Trump’s list of cabinet nominees means that more disclosures like Tillerson’s ate expected in the coming weeks and multiple billionaires across several industries will, like Tillerson, make huge savings on capital gains taxes, among other incentives, on their huge fortunes in return to taking up public office. ...
New year resolutions to help you handle your money in 2017 image
Source : Daily Express [Read Article] Sunday 1st of January 2017 05:41:00 PM
....Cutting your tax bill is one resolution everyone can get behind. Peter Banks, head of investment and tax planning at Drewberry Wealth, says the best way is to make full use of your various tax allowances: “You can save up to £20,000 in an Isa from April 6, with your returns free of income tax and capital gains tax. ...
Deadline: one month left to file your tax return image
Source : Guardian [Read Article] Saturday 31st of December 2016 07:00:21 AM
....• your income (or your partner’s) was over £50,000, and one of you claimed child benefit. • you made profits from selling things like shares or a second home and need to pay capital gains tax. ...
How a healthy buy-to-let profit could soon become a painful loss image
Source : Guardian [Read Article] Saturday 10th of December 2016 07:00:07 AM
.... First, says Wright, landlords need to consider whether it is worth transferring any existing properties. “A company is a separate legal entity, so if you want to move a property into one you have to sell it to it – this may attract the new higher rate of stamp duty and, depending on how much the property has increased in value, could trigger a capital gains tax bill. ...
Buy to let: ‘We landlords are being vilified’ image
Source : Guardian [Read Article] Saturday 10th of December 2016 06:59:07 AM
.... But now he says it is likely he will have to raise rents to above the market average to protect himself from the tax rises. The alternative would be to sell up, with many landlords weighing up the cost of the annual tax increases against the capital gains tax liability if they “crystalise” their property profits and sell up. ...
Heard the latest Christmas story? It’s about how UK banks pay all their taxes | Prem Sikka image
.... It does not even contain an acknowledgement of the fact that the financial sector relies on support provided by taxpayers in the shape of loans and guarantees, or profits made through the private finance initiative (PFI). It is silent about the effective rate of corporation or capital gains taxes paid by financial services companies, profits shifted to tax havens, their tax avoidance schemes, or any sweetheart deals with HMRC. ...
Philip Hammond defends 'doom and gloom' Brexit forecast image
Source : Guardian [Read Article] Thursday 24th of November 2016 09:38:25 AM
....Speaking earlier on the programme, the shadow chancellor, John McDonnell, said Hammond had some wrong economic priorities given the uncertain economic climate. “They have given tax giveaways on capital gains tax, corporation tax, inheritance tax to the wealthy in our community and corporation, cutting universal credit to people they call Jams – just about managing – people going into work, looking after their families, doing everything they ask for,” he said. ...
Mortgage costs and tax are complicating our move image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
.... As a result, when he sells the rental property there will be a mortgage of £125,000 left for him to pay off. Here comes my nightmare: I have tried to work out how much capital gains tax (CGT) he will have to pay and it’s roughly £65,000 if we include the £125,000 mortgage (that his ex has gained from not us). ...
Joseph Stiglitz: what the US economy needs from Donald Trump image
Source : Guardian [Read Article] Tuesday 15th of November 2016 12:00:15 PM
....America’s regressive tax system – which fuels inequality by helping the rich (but no one else) get richer – must also be reformed. An obvious target should be to eliminate the special treatment of capital gains and dividends. ...
I inherited a house from my late husband – will I pay CGT if I sell it? image
Source : Guardian [Read Article] Thursday 20th of October 2016 06:00:29 AM
.... The house will eventually be in my name. Will I be liable for capital gains tax (CGT)? Or do I need to live in it for a certain period of time – if so for how long? AB. ...
Will I pay CGT if I sell my buy-to-let to help fund a new home? image
Source : Guardian [Read Article] Thursday 29th of September 2016 06:00:35 AM
. Q I would really appreciate your advice on capital gains tax (CGT). ...
The British success story that turned £1,000 invested into £1,820 in 12 months image
Source : Daily Express [Read Article] Friday 23rd of September 2016 04:04:00 PM
. Those who backed the company, which makes microchips that are now used in 95 per cent of smartphones, are sitting on hefty capital gains, with £1,000 invested just 12 months ago now worth £1,820, according to AJ Bell. ...
Planning ahead for the future can help you avoid pitfalls image
Source : Daily Express [Read Article] Wednesday 21st of September 2016 12:11:00 PM
....”. You can also invest up to £15,240 a year using your ISA allowance without paying any income tax or capital gains tax on your returns. ...
Tech start-up funding 'appallingly bad' in UK image
Source : BBC [Read Article] Sunday 18th of September 2016 11:00:32 PM
....". One problem, Mr Silva says, is the UK's entrepreneur relief which gives a lower capital gains tax when businessmen and women sell their company. ...
We're not married, so can we avoid higher stamp duty on a second home? image
Source : Guardian [Read Article] Thursday 15th of September 2016 06:00:35 AM
.... From what I have read, if you are not married you are considered as two parties. We are aware of the tax implications of letting property and the capital gains tax, but we do not intend to sell for many years. ...
£32,000 anybody? image
Source : BBC [Read Article] Friday 9th of September 2016 06:33:25 PM
....Alternatively the money can be invested in stocks and shares, which have potentially higher returns, but which carry greater risk too. All gains are free of income and capital gains tax. ...
Pensions still a great way to save for retirement  image
Source : Daily Express [Read Article] Wednesday 31st of August 2016 07:50:00 AM
Dukes and other super-rich are not the only ones who can reduce death duties image
....“We wanted to ensure our children benefitted from our assets,” says George, who lives near Chester. “We placed two properties into the trust without paying any capital gains tax. ...
I want to sell a house I've been renting out – will I have to pay capital gains tax? image
.... The house is still let and has been for around 136 months. Am I right in thinking that my ex-wife was liable for capital gains tax when she disposed of her share by selling it to me? And would I be liable for capital gains tax (CGT) if I sold the house today? Would I be advised to move back into the house for a period of time to limit my exposure to CGT? AH. ...
Investing in favourite hobbies for profit return on the rise image
Source : Daily Express [Read Article] Wednesday 24th of August 2016 10:21:00 AM
....73 for a 1915 Gold Sovereign Full George V or £1,038 for a Krugerrand 1oz coin. Lawrence Chard, founder of Blackpool-based bullion dealer Chard, says 1oz gold Krugerrands and Britannias are very popular and are free of capital gains tax. ...
I want to know where I stand regarding capital gains tax image
Source : Guardian [Read Article] Thursday 28th of July 2016 04:49:00 PM
. Q I need to obtain clarity on whether I would pay capital gains tax on purchasing a property using a bridging loan whilst I’m in the process of selling a second home. ...
Labour leadership: Labour 'too timid' on tax - Owen Smith image
Source : BBC [Read Article] Sunday 17th of July 2016 10:39:45 AM
...." . The former shadow work and pensions secretary said he would reintroduce a 50p top rate of tax "tomorrow" and also said it was "completely anomalous" for capital gains tax to be 20% when the higher rate of income tax was 45%. ...
London pays almost a third of UK tax, report finds image
Source : Guardian [Read Article] Wednesday 6th of July 2016 11:01:28 PM
....”. Economy taxes are tied to economic growth, the report said, and include income tax and national insurance contributions, VAT, land and property taxes, corporation tax, capital gains tax, inheritance tax and stamp duty on shares. ...
I want to sell a flat I own with my brother, but don't know how to split the profit image
.... But I have put every bit of money I have into that flat and it has taken the place of a pension or any savings (I am self-employed). I am also aware that he will be penalised by capital gains tax as he owns another property, but that the profit on the years it was his primary residence would not be subject to this. ...
I can only afford a shared-ownership property – can I buy it to let? image
Source : Guardian [Read Article] Thursday 16th of June 2016 06:00:27 AM
.... If your earnings aren’t enough to meet the affordability test you need to meet on a residential mortgage, you could end up having to sell the flat. If you make money on the sale it could mean a capital gains tax bill. ...
Right to buy plans floated by Corbyn backed by centre-right thinktank image
.... “The result is that the younger generation is now expected to pay a much bigger multiple of its earnings to buy a home than its parents did,” he says. “The baby boomers are now making capital gains at the expense of their children. ...
The problem is not London's foreign investors – it's where their money goes image
....The fact that the rent from council flats funds libraries and leisure centres instead of funding conspicuous consumption doesn’t matter to Conservatives – the destruction of social housing is ideological, not based on fiscal responsibility or common sense. If housing is viewed purely as an asset, the wealthy will continue to find ways to increase its value while refusing to pay more than the bare minimum of tax on capital gains. ...
'We're being slowly suffocated': UK readers on the problem of second homes image
....4 times higher than the average salary – how is that affordable?. In areas particularly affected, I think capital gains tax breaks could be given to encourage second homeowners to sell properties, provided they are first offered to people with people who will live in them. ...
Yanis Varoufakis: Australia's negative gearing is 'scandalous' image
Source : Guardian [Read Article] Wednesday 25th of May 2016 06:22:53 AM
....Negative gearing – a tax minimisation strategy for property investors – has become a key campaign issue this year. The Labor opposition is promising to end negative gearing on existing housing stock and to cut the capital gains tax discount if elected; the incumbent conservative government claims this will smash house prices. ...
British property market has peaked, estate agency boss says image
Source : Guardian [Read Article] Tuesday 24th of May 2016 05:34:48 PM
....2bn in April. Over the last 12 months the Treasury has collected £11bn from stamp duty, almost as much as inheritance tax and capital gains tax combined, and much higher than budget forecasts, according to an analysis by accountants Blick Rothenberg. ...
The Bank of England’s governor should be feeling hot | Brief letters image
....5% price surge in March and the average London home increased in value by £28,000 in one month (Report, 18 May). This is a capital gain greater than my son’s annual take-home pay as a sixth form teacher in Islington, but according to the Bank of England the market is “on watch” for evidence of overheating. ...
Average asking price for first-time buyer home jumps 6.2% in a month image
....There are signs that landlords are still willing to buy, but are focusing their attention on the cheaper end of the market. Paul Milson at estate agents Leaders in Epsom, Surrey, said: “Despite the increase in stamp duty, investors are still keen to purchase one-bedroom flats because they make good long-term investments due to their higher yields, potential for capital gains and consistently high demand from tenants. ...
Planning to flee Donald Trump's America? It might not be that easy image
Source : Guardian [Read Article] Thursday 12th of May 2016 10:00:02 AM
.... For instance, if you own a house in Canada, you won’t get the benefit of mortgage interest deductions (that’s Canadian tax policy at work). Under US law, you may find yourself paying capital gains tax when you sell it, even if Revenue Canada says you don’t owe them a penny. ...
Candy brothers may have paid almost no UK tax on £27m land deal image
Source : Guardian [Read Article] Wednesday 11th of May 2016 11:00:12 AM
....The Guernsey-based CPC Group, which was set up by Christian Candy, bought the Parkwood estate and received planning permission to build a “stunning Palladian-style home” before selling it for £27m in 2012. At the time, stamp duty did not apply to properties if they were held through offshore companies and the offshore-registered company would not have had to pay capital gains tax on the deal. ...
The Bank of Mum and Dad: Helping loved ones may be more dangerous than you think image
....” Some parents try to help their children by purchasing with a joint mortgage but this means they may have to pay the new 3 per cent surcharge introduced on April 1 for buy-to-let properties and second homes, adding thousands to the purchase price. Hollingworth adds: “They may also face a capital gains tax bill when the property is finally sold. ...
Britain is a savers’ paradise … but only for the few image
Source : Guardian [Read Article] Saturday 30th of April 2016 06:00:17 AM
....Above the PSA and Isa is the alphabet soup of specialised schemes, such as VCTs, EISs and SEISs, which give people with up to £200,000 spare a wodge of income tax rebates and dividend tax exemptions. And let’s not forget that even if the well-off don’t use an Isa or VCT for their investments, there is still the £11,100 profit that can be made without liablilty for capital gains tax. ...
Plans to stop collecting data on wealthiest 1% in UK criticised by IFS image
Source : Guardian [Read Article] Tuesday 19th of April 2016 06:58:43 PM
....The warning follows a debate about the assets and influence of Britain’s top 1% of wealthy households following the leak of the Panama Papers, which revealed the offshore holdings of many rich individuals. The IFS said calculations that failed to include the often complex web of trusts and jointly owned properties that the richest families use to avoid capital gains and inheritance tax would depress the overall measure of wealth. ...
Executive gravy train hasn’t hit the buffers yet image
Source : Guardian [Read Article] Sunday 17th of April 2016 06:05:16 AM
....So maybe there is a way to switch around how we pay tax and at the same time increase the amount collected? Let’s say we scrap inheritance tax in favour of a tax on the beneficiaries. In that way, lottery-style gains on property would be taxed as a capital gain or as part of income. ...
House prices could fall over Brexit risk, plus Tesco to accept Sainsbury's vouchers image
....Richer students have higher graduate income, study finds. IFS predicts future capital gains tax cuts will favour the rich. ...
Australia can't balance budget with spending cuts alone, says Moody's image
Source : Guardian [Read Article] Thursday 14th of April 2016 03:39:43 AM
....Also on Thursday the shadow treasurer, Chris Bowen, said tough decisions were needed on both revenue and spending. He said Labor had announced policies to increase revenue, including those on superannuation tax concessions, tobacco taxes, capital gains tax and negative gearing. ...
IFS predicts future capital gains tax cuts will favour the rich image
Source : Guardian [Read Article] Wednesday 13th of April 2016 08:56:06 PM
. The government is likely to favour the rich in the next budget with further reductions in capital gains tax rates, despite concerns about inequality, according to Paul Johnson, director of the Institute for Fiscal Studies thinktank. ...
The Guardian view on tax avoidance: half-hearted politicians are the weakest link | Editorial image
....It is not leftwing to worry that complexity allows avoidance. It was no socialist but Nigel Lawson who aligned the taxation of capital gains and higher incomes, because he understood that any difference between the two amounted to an invitation to executives to pay themselves in share options, rather than salaries. ...
How to reduce your inheritance tax bill: Five top tips image
Source : Daily Express [Read Article] Tuesday 12th of April 2016 02:21:00 PM
....” . If someone is married or in a civil partnership, they can pass on the income and capital gains tax benefits of their ISA savings to surviving spouses after death. ...
Offshore trusts: what are they? image
Source : Guardian [Read Article] Friday 8th of April 2016 06:42:50 PM
....Who has offshore trusts?. In the past, they were mostly wealthy British citizens seeking to hold their money outside the UK to avoid income tax and capital gains tax on their earnings, and to pass their wealth to heirs without inheritance tax. ...
What's the deal with offshore funds? image
Source : BBC [Read Article] Friday 8th of April 2016 12:12:47 PM
....The low-tax or no-tax regimes, known as tax havens, can provide an inexpensive home for that money for all concerned, while the fund operates, until the investors pay tax when they take their money out. Investors in Blairmore, for example, are liable to income tax on the dividends they receive and capital gains tax on whatever profits they earn, over a certain threshold. ...
Labour: PM losing trust over shares row image
Source : BBC [Read Article] Friday 8th of April 2016 04:33:43 AM
....Downing Street said Mr and Mrs Cameron bought their holding in April 1997 for £12,497 and sold it in January 2010 for £31,500. That year the personal allowance before capital gains tax was paid was £10,100 per person. ...
David Cameron admits he profited from father's Panama offshore trust image
Source : Guardian [Read Article] Thursday 7th of April 2016 07:07:28 PM
.... They were sold in January 2010 for a profit of £19,000. He paid income tax on the dividends but there was no capital gains tax payable and he said he sold up before entering Downing Street “because I didn’t want anyone to say you have other agendas or vested interests”. ...
Cameron had stake in father's trust image
Source : BBC [Read Article] Thursday 7th of April 2016 06:39:39 PM
....Mr Cameron said the fund was "properly audited" and reported to the Inland Revenue every year. Anyone who bought units in it was subject to capital gains tax when shares were sold, he said. ...
Scrap inheritance tax and tackle Cameron’s hypocrisy head-on | Polly Toynbee image
.... At present under the seven-year rule – if parents live for a magic seven years after giving a gift – then any pre-death gift is tax-free. Allowing a tax-free threshold for lifetime gifts, the principle should be to tax all income the same, earned and unearned, from capital gain or sweat of brow, whatever its source. ...
Tax return headaches: there are ways to make filing less of a chore image
Source : Guardian [Read Article] Sunday 3rd of April 2016 12:00:32 PM
....“The obsessive-compulsive types may have tripped themselves up, because it wouldn’t have been possible to download the 1099 forms directly into your software until March; they would have been told the information wasn’t available yet,” he says. That’s because investment firms have been given more time to provide their clients with information about dividend income and capital gains, to be sure all that data is correct. ...
What to do before the tax year ends - Only days to go  image
Source : Daily Express [Read Article] Friday 1st of April 2016 01:24:00 PM
....Children can take control of the account when they turn 16, but they cannot withdraw the money until they turn 18. The annual tax-free allowance, known as the Annual Exempt Amount, allows people to make a certain amount of capital gains before they must pay tax. ...
Capital gains tax cut gives £3,000 to rich 0.3%, says Labour image
Source : Guardian [Read Article] Sunday 27th of March 2016 09:00:07 PM
....3% of the population, the shadow chancellor, John McDonnell, has said. Labour is calling for the cut in capital gains tax (CGT) to be scrapped, saying it would give investors already making money about the same, on average, as the government had planned to take from disabled people under changes to benefits. ...
Is Chancellor finally killing off buy-to-let golden goose? image
Source : Daily Express [Read Article] Sunday 27th of March 2016 12:01:00 AM
.... From April next year, he will start phasing out higher rate tax relief on BTL mortgage interest, which could cost some thousands a year. Osborne is also cracking down on the wear-and-tear allowance and in his latest Budget excluded property investors from cuts to capital gains tax, which will come into force on April 6. ...

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