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Vicky Nunes

TPP209 What does the Spring 2017 budget mean for property investors?.

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The teams at RMP and Yellow have both grown in this past week. RMP have said hello to Julia and Christa, and Yellow have welcomed Donna and Nicole. So that's been a pretty busy week for us all round really!

 

We've also been creating some more free courses this week. Check out the ones that are there already here, and look out for a brand new course in the next few weeks.

The Spring Budget

This is a mini-budget, if you will. We've had to dig pretty deep to find something to say on this as The Chancellor did not mention housing at all. Here's a brief summary of points you might want to note though.

  • Nothing about mortgage relief or stamp duty...in fact, nothing about housing at all!
  • As before – Corporation tax will fall to 19% this April, and will then fall to 17% in April 2020. So good for those holding properties in a company
  • The tax free dividend allowance for company directors will be reduced from £5K to £2K from April 2018.
  • Extension until 2019 until landlords need to keep digital records and send quarterly updates to HMRC
  • Rent-a-room relief – The government will consult on proposals to redesign rent-a-room relief, to ensure it is better targeted to support longer-term lettings. This will align the relief more closely with its intended purpose, to increase supply of affordable long-term lodgings.

 

Check out more right here, including a news story which could not be more up @rob bence's street. 

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