The latest insight from specialist property lending experts, Octane Capital , has revealed that 41% of landlords would like to see recent changes to capital gains tax allowances reversed, with the government’s meddling in the sector also the biggest concern, along with the increasing day to day cost of buy-to-let investment driven by the cost of living crisis.
Around 7% of landlords in the UK are ‘accidental’ and never intended to let out a property. Reasons for being an accidental landlord include inheriting a property that hasn’t been sold on and being forced to let out a home that cannot be sold.
As an accidental landlord, understanding the laws around income tax and what needs to be declared can be difficult and, for many, it can also...
