Mortgage Trust has created a guide designed to educate advisers on tax so they are better equipped to answer customer questions regarding buying investment property and managing a buy-to-let property portfolio.
The mortgage lender has produced the guide in conjunction with Perrys Chartered Accountants and includes income tax and annual income tax returns, capital gains tax, allowable deductions and a Comprehensive map to improved tax efficiency.
Mortgage Trust marketing manager, Nicola Severn, told the Mortgage Introducer website: "With Buy-to-Let becoming increasingly popular, it is important that mortgage advisers are knowledgeable on the tax considerations involved in buying property to rent.
"Efficient tax planning can result in significant financial advantages and could ultimately provide the Buy-to-Let clients with extra cash to invest in growing their businesses.
"Conversely, inefficient tax planning can adversely affect a client's profit, and if they fall foul of the tax laws they could face hefty penalties.
"We are confident that this guide will provide a comprehensive aid to mortgage advisers helping their Buy-to-Let clients manage their investment property portfolios."
This is a press release by Assetz also available at http://press.assetz.co.uk/articles/1553.html. Alternatively, please see our full press release archive.
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