YOU WIN SOME YOU LOSE SOME !

 

The budget delivered some up sides and downsides for Landlords here in Marylebone. On the one hand  If you are a buy to let landlord with relief being cut to 20% but over a gradual timescale from 2017 not such good news but its not all bad because as so many properties in Marylebone are worth in excess of one million pounds the threshold for inheritance tax for a couple is very good news particularly to their children or grandchildren.  For incorporated businesses the fall in corporation tax to 19% in 2017 is good, however changes to the dividends from April next year may increase tax due.  Up down up down,  I’m getting quite dizzy…… but there are changes a foot and its going to be an interesting six months?