The winners and losers from the 2021 Budget
Corporation Tax From April 2023 Corporation tax will increase from 19% to 25% this will greatly affect Landlords with portfolios listed as Limited Companies. It is though still a cheaper alternative than paying 40% on profits in income tax if a higher earner. Plus you still benefit by offsetting mortgage interest
Mortgage Guarantee Scheme
The Government is set to announce in Wednesday's Budget a new mortgage guarantee scheme, to be launched in April this year, which will allow buyers in England to obtain a mortgage with only 5% of the property value as a deposit. The Treasury will guarantee a portion of the loans on