Beware the Tax Pitfalls of the Buy-to-Let World

The ScotsmanJune 02, 2007

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Summary


BUY-TO-LET landlords could be dealt a blow by the tax man. Buying a property to rent is no longer the domain of just professional investors or the very wealthy. Many people have made the most out of the property boom by getting involved in buy-to-let.

And some parents have got into this market after buying a flat for their son or daughter while they are at university.

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Extract


Beware the Tax Pitfalls of the Buy-to-Let World

But this has not gone unnoticed by Her Majesty's Revenue and Customs (HMRC).

Reports this week suggest...

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