Buy to let properties

Recent years have seen a growth of investment in ‘buy to let’ property, often motivated by the hope that rental returns will be supplemented by long-term capital growth. Our updated factsheet considers (for taxpayers who are individuals, rather than companies):
 
  • the basis on which rental income is taken into account for tax purposes;
  • the costs that are deductible;
  • relief for capital expenditure;
  • the use of losses;
  • capital gains tax on a disposal of the property;
  • particular issues that arise when the property is owned jointly.
For further information, please contact your usual tax adviser.