Digital Tax Changes for But to Let Landlords

Do you have a Buy-to-Let property?

If so, this is for you.

Hello, my name is Gordon D’Silva.

As well as being multi award-winning Chartered Accountant, I own a portfolio of over 40 properties.

So I understand all aspects of property, more than most, because I use it for myself as well as clients.

There are also significant changes affecting Buy-to-Let landlords that started this year, on 6 April 2016.

But there are more coming down the line.

The main one that should concern you, is the requirement for submitting digital reports to HMRC every quarter on yourBuy-to_Let income and expenses.

Digital tax is coming.

The government is investing over £1 billion on making this happen. You know this should probably not cost more than £5 million of our hard earned taxes… But that’s another story.

What you do need to be aware off is that when it comes in, there will be penalties for non-compliance.

So here’s the question…

Do you want to wait until the last minutes to get up to speed, or do you want to get prepared now?

I have been using a simple online program to keep my portfolio details up-to-date. The program cost under £10 per month, and is very easy to use, and supported by one of the largest organisations in the world.

If you are interested in getting yourBuy-to_Let portfolio accounts up to speed, using this simple accounting program, simply express your interest below.

I will be putting together a course on how to use the program.

For clients it will be free. For non-clients there will be a moderate fee to access the training.

I recommend you do not leave this to the last moments, as habits take a bit of time to form. In this discipline is like any other habit. You will need practice before Draconian measures hit.

I look forward to helping you with your property matters if and when you need it.

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Until we speak…

Goodbye.

My little driving video blog discusses this in a bit more detail for you. You can watch it here.

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