The law has changed substantially in recent years regarding rental and investment properties.
It’s essential that if you’re considering a rental property as part of your portfolio that you understand your obligations as a landlord and the tax implications.
Likewise investors need to understand that they may now be subject to capital gains tax and should be aware of what’s involved from the outset.
But, with careful planning, rental and investment properties can provide a good passive income and play an important part of your retirement plan or tax minimisation strategy. If you already have property but are not sure that you are claiming all that you are entitled to, MAQ Chartered Accountants can help with that too.
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