This module considers income tax compliance issues under the new buy-to-let tax rules and clarifies the requirements for purchasers of second homes and buy-to-let properties.

By completing this module you will be able to explain:

• the income tax effect for a UK taxpayer of owning buy-to-let properties;
• the capital gains tax (CGT) effect for a UK taxpayer of owning buy-to-let properties; and
• the effect of recent tax changes for owners of buy-to-let properties.

The introduction of the 3% higher rate of stamp duty land tax (SDLT) from 1 April 2016 has far-reaching tax consequences for owners of buy-to-let portfolios and purchasers of second homes, not to mention those affected by divorce and bereavement. From 6 April 2017, deduction of mortgage interest rate relief is also changing over a three-year period, reducing tax advantages.

The course lecturer is Cath Hall MA, FCA, a professional trainer and is involved with a variety of professional organisations as an examiner and moderator of professional exams, including the ICAEW. Before moving into training, she worked at the corporate tax division of Arthur Andersen from 1990 to 1996.

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