Monday 8th October 2018

Accord launches buy-to-let tax guide for landlords

A new guide to help brokers navigate recent and upcoming tax changes with their landlord clients’ has been launched by Accord Buy-to-Let.

The guide has been launched by the intermediary-only lender with a view to helping private landlords cope with tax and regulation changes.

The intermediary-only lender has launched the guide to coincide with landlords preparing their first tax returns under recent buy-to-let rule changes, including the phasing out of mortgage interest relief and the scrapping of the ‘wear and tear’ allowance.

the guide also looks at capital gains, stamp duty, including the 3% surcharge for those acquiring additional properties, tax differences for properties held in trust and buy-to-let through limited companies.

Jeremy Duncombe, director of intermediary distribution at Accord Mortgages, said: “With the first self-assessment deadline since the changes fast approaching in November, we thought it might be useful to provide brokers with an accessible online guide on how tax has changed for landlords and what it might mean for their clients.

“We are passionate about helping to empower brokers to grow their businesses. Our online guide provides a free, simple and easy way of understanding your clients when advising them on which type of mortgage is best for them.”

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