Economic growth seems largely insensitive to tax increases or tax cuts. But targeted tax changes can have a massive impact on individuals. We look at some recent examples, and are concerned at the prospect of a tax on the Bank of Mum and Dad.
The effect of this valuation requirement is that from 1 April 2018, in some cases, a UK residential property may shift to the higher (or possibly lower) ATED band, leading to an increased (or decreased) ATED charge.
As tax relief changes are phased in, from next year private landlords could find themselves paying more in tax than the net rental income they receive. This significant financial blow for private landlords could have a devastating impact on the wider prop