If you have a portfolio of or even a single rental property, the impact of the July 2015 budget will have been significant for you.Now would be the best time to review your short and long term plans in relation to this element of your income and investment.
There was some good news for Rent a room relief as this was raised significantly so it you have a spare room in your home, this could be a welcome option to generate some tax free income.
The rest of the news was not so cheery. Wear and Tear allowance is to go and even more bad news is the gradual removal of loan interest relief.
On the positive side, these things can be planned around. Best Accountancy can provide a free consultation to discuss individuals circumstances and perhaps provide some proactive advice ahead of the changes.