There may come a time when you decide to step away from your landlord role due to a change in circumstance or in order to release capital for a future investment, and if so, you will want to secure a quick sale to move onto the next phase. Whether you need to sell an individual property or a complete portfolio, you can facilitate a fast turnaround by advertising your property with BMV Properties. We have a vast network of cash investors who are ready and waiting to expand their current portfolio, so contact the BMV sales team to get the ball rolling today.
Our team of legal and property experts also offer landlords valuable advice regarding all aspects of property legislation, and specifically the new tax legislation coming in to force in 2017. The changes to the Landlord Income Tax Relief are based on the amount of tax relief that landlords receive on residential property. From April 2017 finance costs will be restricted to the basic rate of Income Tax and this means that landlords will be taxed on their turnover rather than their profits.
All landlords letting residential properties in the UK or overseas as an individual, in a partnership or in a trust will be affected by the Landlord Income Tax Relief changes, and BMV Properties can help you to better understand the implications of this for you as an individual. For more information, please contact our team today.