Os proprietários de compras para alugar na Midlands estão sendo avisados de que enfrentam grandes multas fiscais, a menos que preencham pessoalmente uma declaração de imposto sobre ganhos de capital dentro de 60 dias após a venda de uma propriedade. Devido ao aumento dos custos de empréstimos. da taxa de juros consecutiva da Inglaterra aumenta, que subiu no ritmo mais rápido de uma geração e agora está em um nível visto pela última vez há quase 15 anos. de 0,1% durante a pandemia, agora terminou. Os proprietários não percebem é que existe uma declaração de imposto sobre ganhos de capital que eles devem se submeter pessoalmente ao HMRC após o descarte de uma propriedade de locação. Se o assunto ainda estiver pendente três meses depois, seus £ 300 ou 5% do imposto sobre ganhos de capital. Valor. Gravado, com um aluguel mensal mediano de £ 800 para a Inglaterra e £ 1.475 em Londres, de acordo com dados divulgados pelo
The advice to the UK’s 2.74 million landlords, from a tax specialist at UK top 10 accountancy firm Azets, comes as record interest rate rises triggered a wave of property disposals from investors cashing in due to increased borrowing costs.
Tax partner Clare Clifford said: “We have seen cases involving a number of buy-to-let landlords who have cashed in because they cannot afford to service higher mortgage debt; the rents aren’t covering the increases.
“They were caught off-guard by the Bank of England’s consecutive interest rate rises, which have gone up at the fastest pace in a generation and are now at a level last seen nearly 15 years ago.
“The hikes have to been seen in context – the last time the Bank Rate was this level, at 4.5%, was in October 2008 at the height of the global financial crash.
“The era of subsequent cheap debt, when the rate plummeted to an all-time low of 0.1% during the pandemic, has now ended.
“With the monetary war on stubbornly high inflation now the only game in town, and further rate rises a possibility unless the cost of living trends downwards, apprehensive buy-to-let landlords with high loan-to-values on their portfolios are getting out before repossessions become a nightmare reality.
“But what some exiting landlords don’t realise is that there is a capital gains tax return they must personally submit to HMRC upon disposal of a letting property.
“That particular gateway form and process is not particularly well known amongst landlords.
“If you don’t submit the form within the 60 days, there is a £100 penalty. If the matter is still outstanding three months after that, its £300 or 5% of the capital gains tax.
“If you have a string of disposals amounting to £3 million, and the landlords have not submitted the form in time, then that’s £150,000 HMRC can collect.”
Capital gains tax is a tax on the profit when a property is sold which has increased in value.
Clare, who works out of Azets’ office in Tamworth, said: “The process is not straightforward for landlords to report the capital gains on properties sold; you have to have your own gateway account, so it’s best to consult your tax advisor who will be able to support and advise on the process.”
Rents in the UK are at the highest ever recorded, with a median monthly rent of £800 for England and £1,475 in London, according to data released by the Office for National Statistics. Dito:
Government figures show 4.6 million households – 19% of all households in England- rent their home from a private landlord, compared to 3.1 million in 2008-09.
Clare said: “Enquanto muitos proprietários de compras para alugar estão indo bem, existem alguns proprietários acidentais ou os que estão altamente alavancados, que estão vendendo para evitar a dor financeira devido ao ambiente da taxa de juros e à inflação corrosiva.
“No entanto, alguns proprietários não estão vendendo por razões forçadas, mas para financiar a aposentadoria-quase dois terços dos proprietários na Inglaterra têm 55 anos ou mais. retorna. ”
“There are around 2.74 million landlords in the UK, so you can understand how important it is for them to understand why the 60-day deadline matters and that it shouldn’t be confused with annual self-assessment tax returns.”
