税金 on buy-to-let and how to 削減（する） your 法案: From 所得税 to stamp 義務, what you need to know

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Becoming a buy-to-let landlord can mean 得るing a decent return, but it will also 追加する to your 税金 法案.

If you can find a 所有物／資産／財産 in a decent 場所 with good tenants then then you should be able to build up a good income from rent.

But the taxman will want to know about any returns you make. If you don't 宣言する your income 適切に or 資本／首都 伸び（る）s when you sell, you could be in trouble.

We run through the 税金s associated with buy-to-let.

Some of these 税金s and allowances have changed, so make sure you are up-to-date with them.

?Becoming a buy-to-let landlord can make you a goo d return, but it will also 追加する to your 税金 法案

The taxman and buy-to-let

The taxman has taken a greater 利益／興味 in people renting our homes in 最近の years.??

To 購入（する） a buy-to-let you need a different type of mortgage to the type you would get for your own home.

貸す人s will also want to know if you have begun renting out your 存在するing home because this is usually not 許すd under the 条件 and 条件s of a 居住の mortgage. Often you will have to move to a buy-to-let 率, or get 許可 to let.

Most banks and building societies 申し込む／申し出 buy-to-let mortgages. The 率s tend to be higher than 居住の mortgages, which 反映するs 危険s such as tenants not 支払う／賃金ing rent and you defaulting.

Buy-to-let is 扱う／治療するd as an 投資 so is 支配する to 所得税 on rent and 資本／首都 伸び（る）s 税金 on sale. You will also have to 支払う／賃金 stamp 義務 on the 所有物／資産／財産 購入（する）.

必然的に there will be those who think they can get away with dodging some of the 税金s 徴収するd on buy-to-let. In the past some have, but the taxman has 割れ目d 負かす／撃墜する very ひどく on this in 最近の years - 活発に making landlords a 的.?

At the same time, mortgage 貸す人s have also 割れ目d 負かす／撃墜する on those letting 所有物／資産／財産 but staying on a 居住の mortgage.?

You are far more likely to get caught out if you try to skip 税金 today.?

Stamp 義務

The first 税金 you will need to 支払う／賃金 if you are 購入（する）ing a 所有物／資産／財産 to start a buy-to-let 大臣の地位 is stamp 義務 when you 購入（する） a 所有物／資産／財産, just as you do with a 居住の home.

The bad news is that stamp 義務 has been 増加するd in 最近の years for buy-to-let and second homes. A change arrived in April 2016 that 追加するd a 3 per cent 割増し料金 to all the stamp 義務 禁止（する）d - in some 事例／患者s this trebl es the 法案.?

The good news is that the first?£500,000 of the 購入（する） price is 現在／一般に 免除された under the 支配するs of 財務省's stamp 義務 削減（する）.

> Work out your 可能性のある 法案 with out stamp 義務 holiday calculator?

So while they will still have to 支払う／賃金 the 3 per cent 割増し料金, landlords will now see their stamp 義務 法案 意味ありげに 減ずるd when 購入（する）ing new 所有物／資産／財産 thanks to the （ドイツなどの）首相／（大学の）学長's 対策.?

While many home 買い手s 特に in the South East and London will undoubtedly 利益, the 普通の／平均（する） landlord 購入（する） will also see big 貯金.

For example as illustrated in the chart below a £400,000 second home will now only carry a stamp 義務 法案 of £12,000 rather than £22,000.

While this is still £12,000 more than a 居住の 購入（する） 予定 to the 3 per cent 割増し料金, the landlord will still now save £10,000, the same as a 基準 home 買い手 would? by not 支払う／賃金ing any 税金 at all.

This 救済 will be in place until 31 March of next year.?

You can （人命などを）奪う，主張する 支援する some stamp 義務 by offsetting it against any 資本／首都 伸び（る）s 税金 義務／負債 when you sell.?

税金 on rent?

A 最近の change landlords will still be feeling is the 交替／補充 of mortgage 利益／興味 税金 救済 with a 20 per cent credit.?

In the past, 私的な 居住の landlords with a mortgage on their buy-to-let 所有物／資産／財産 could 簡単に deduct their mortgage 利益／興味 from 賃貸しの income before calculating 税金.

This all changed in April 2017 when a new 政権 was brought to 段階 out this 救済, 取って代わるing it 結局 with a 20 per cent 税金 credit and 計算／見積り that means most landlords will 支払う／賃金 more in 所得税.

The change 大部分は 影響する／感情s landlords 支払う／賃金ing higher 率 税金, who will now 支払う／賃金 税金 on 賃貸しの income based on 歳入 rather than their 利益（をあげる） after mortgage 利益／興味 is paid.

It can also 影響する／感情 basic 率 taxpayers, who may find themselves pulled up a 税金 禁止（する）d by the way the 計算／見積り is done.?

For example, under the old system a basic 率 税金 支払う／賃金ing landlord with a salary of £25,000, 賃貸しの income of £15,000 from their buy-to-let 所有物／資産／財産 and mortgage 利益／興味 支払い（額）s of £10,000 would have been able to subtract those 利益／興味 支払い（額）s from the 賃貸しの income, bringing the taxable 量 負かす／撃墜する to £5,000.

追加するd to their salary their taxable income would have been £30,000. Once the personal allowance of £12,500 has been subtracted, this would bring their total taxable income 負かす／撃墜する to £17,500.

全体にわたる, on this 量 of taxable income a basic 率 taxpayer would have paid a total of £3,500 in 税金.

This has all changed now that the new 会計の 政権 has been brought in.

今後, landlords will get no deduction for their 利益／興味 cost and just a 20 per cent credit on the whole 量.

Very little changes for our previous example of a basic 率 税金 支払う／賃金ing landlord with a salary of £25,000, 賃貸しの income of £15,000 and mortgage 利益／興味 支払い（額）s of £10,000.

Under the new 政権, they would be 支払う／賃金ing 税金 on the 十分な £15,000 賃貸しの income. They would also get the 20 per cent 税金 credit on their 利益／興味 支払い（額）s 価値（がある） £2,000.

With a salary of £25,000, our landlord's taxable income would now be £40,000.

Take away the £12,500 personal allowance and you get the final taxable income of £27,500, 20 per cent of which is £5,500 .

With the 税金 credit this is 減ずるd to £3,500, the same 量 as before.

But higher and 付加 率 税金 payers will almost certainly 結局最後にはーなる 支払う／賃金ing more - and as 賃貸しの income is now 追加するd to income before the 税金 credit is used, it can 押し進める people up a 税金 bracket.

The example below shows how the 段階ing out of mortgage 利益／興味 税金 救済 would 影響する／感情 a 40 per cent 税金 payer with?£3,000 taxable income:?

資本／首都 伸び（る）s 税金

When you come to sell your buy-to-let 所有物／資産／財産, there will be 資本／首都 伸び（る）s 税金 to 支払う／賃金 on any 利益（をあげる）.?

It 適用するs to any 所有物／資産／財産 which is not your main home, known as your 主要な／長／主犯 私的な 住居. This gets a special 控除.

On 所有物／資産／財産 sales CGT is 徴収するd at 18 per cent or 28 per cent depending on whether people are basic 率 or higher 率 taxpayers.

However, 伸び（る）s are 追加するd to income to 配達する a total 量 that decides this. This means that in practice most landlords making decent 利益（をあげる）s should 支払う／賃金 the 28 per cent 率.

If you only have one 所有物／資産／財産 and it is considered your 主要な／長／主犯 home, then you do not have to 支払う／賃金 CGT, however, the taxman may want 証拠 that you were 現実に living there. ?

There are two 救済s you can get on your CGT 法案, but they are both いっそう少なく generous than they once were.

Landlords who used to live in their 賃貸しの 所有物／資産／財産s saw 確かな 救済s taken away this year

私的な 住居 救済???

Along with the scrapping of mortgage 利益／興味 税金 救済, a new 資本／首都 伸び（る）s 税金 政権 has been brought in for '偶発の' landlords.

These are landlords who once lived in a 所有物／資産／財産 before going on to let it out.??

If a landlord rents out a 所有物／資産／財産 that was once their main home, 資本／首都 伸び（る）s 税金 only 適用するs on the 量 the home went up in value while they weren't living there.

以前 landlords could also 追加する an extra 18 months の上に the 量 of time they lived at the 所有物／資産／財産 - this is known as the 'final period 控除'.

But as of this 税金 year that has now been 減ずるd to nine months.

As an example of how this 作品, under the old 支配するs a landlord who has owned their 所有物／資産／財産 for 10 years and lived in it for two would only be 税金d on six-and-a-half years of 資本／首都 伸び（る）s ? the 10 year period minus the two years of residency and the 追加するd 18 months' 救済.

But now they'll be 税金d on seven years and three months of 資本／首都 伸び（る）s ? the 10 years, minus the two years residency 加える the 減ずるd nine months' 救済.????

Lettings 救済?

'Lettings 救済' has also been rolled 支援する this year.

以前, when a landlord sold their former home after renting it out, up to £40,000 of their 伸び（る） can be 免除されたd from 資本／首都 伸び（る）s 税金.

Couples could 利益 from an 控除 of up to £80,000.

Under the new 支配するs however only landlords who live in the 所有物／資産／財産 with their tenants now qualify for this 利益.

Offsetting stamp 義務 and 広い地所 スパイ／執行官's 料金s?

You can 減ずる your CGT 法案 by deducting some of the expenses associated with buying and managing a 所有物／資産／財産.

You can 相殺する costs such as the stamp 義務 paid when you 購入（する）d the 所有物／資産／財産 同様に as solicitors’ 料金s, 広い地所 スパイ／執行官’s 料金s to market the 所有物／資産／財産, and surveyors' 料金s if a 調査する was carried out when you 購入（する）d the 所有物／資産／財産.

You may also be able to 相殺する losses on other 所有物／資産／財産 against your 資本／首都 伸び（る）s 税金 法案.

相続物件 税金

When you die any buy-to-lets will form part of your 広い地所.

There may be a 税金 告発（する），告訴（する）／料金 to 支払う／賃金 of 40 per cent if the total 広い地所 越えるs £325,000 or £650,000 for married couples.

There are ways to 減ずる your 相続物件 税金 義務／負債 by making gifts to 親族s and putting bits of your 広い地所 in 信用. This is much more コンビナート／複合体 with a 所有物／資産／財産 than it is with cash, 株 or 基金s, which can be passed over in small chunks.

From this year each individual is 申し込む／申し出d a 'family home allowance' of £175,000, so they can pass their home on to their children or grandchildren 税金-解放する／自由な after their death.?The family home allowance is 追加するd to the 存在するing £325,000 相続物件 税金 threshold.

This allowance does not 適用する to buy-to-let 所有物／資産／財産s.?

Find an 独立した・無所属 財政上の 助言者 or solicitor to help with 減ずるing your 相続物件 税金 法案.

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