Financial Guidance During COVID19 for Property Owners
Property investors, business owners and employees took part in a successful webinar hosted by London Square on tax advice and the impact of Covid-19.
Buy to let and investment specialist Gladys Yow, Director of Business Accounting & Taxation, presented the webinar, and provided a guide to the Spring 2020 Budget and tax changes on property such as additional two per cent stamp duty for non-resident buyers, and a new ruling on Capital Gains Tax, now required to be paid within 30 days. There was also information for landlords about communicating with tenants affected by the impact of Covid-19, and a look at the new measures in place for the self-employed, business owners and employees. Gladys also advised on steps that can be discussed with mortgage lenders on payment holidays or switching to another type of mortgage.