They keep tightening the rules lately

Our holiday let is still doing well, but been hit by recent changes to mortgage relief. And can't move it into a limited company without paying stamp duty.

The tax man treats the profits as income on top of salary...

Posted By: phrankin on September 16th 2026 at 19:10:44

Message Thread

Any of you recommend a tax advisor? (General Chat) - Snakepit Divorceee, Sep 16, 15:32:01
- If the issue is punitive second home council tax (General Chat) - Old Git, Sep 16, 19:42:53
  - Thanks OG but not council tax. (n/m) (General Chat) - Snakepit Divorceee, Sep 16, 20:33:58
- They keep tightening the rules lately (General Chat) - phrankin, Sep 16, 19:10:44
  - Lol... it is income. (n/m) (General Chat) - Pixelman, Sep 16, 19:31:20
    - I realise that (General Chat) - phrankin, Sep 16, 20:45:01
  - Well they are income (n/m) (General Chat) - jamesward, Sep 16, 19:17:06
- I'm trying to understand ......... (General Chat) - ghostof barry butler, Sep 16, 18:12:28
  - Ok. Mortgage literally tripled due to Truss. (General Chat) - Snakepit Divorceee, Sep 16, 20:38:39
    - You need more than a tax advisor if you believe that (n/m) (General Chat) - Tony Martin, Sep 16, 21:05:16
      - an extra 2% tax on property income and savings interest comes in next year (General Chat) - phrankin, Sep 16, 21:32:05
      - Which bit is untrue? (n/m) (General Chat) - Snakepit Divorceee, Sep 16, 21:15:04
        
        Was the buyer not going for a fixed rate? (General Chat) - phrankin, Sep 16, 21:43:41
        
        AI is your friend. (General Chat) - Snakepit Divorceee, Sep 16, 22:03:54
        
        if he had a mortgage in principle, so rate locked in... (General Chat) - phrankin, Sep 16, 22:18:18
        
        I’m not aware what their mortgage arrangements were. (General Chat) - Snakepit Divorceee, Sep 16, 22:24:18
        
        . (General Chat) - phrankin, Sep 16, 22:30:18
  - Neither Truss nor Trump responsible I imagine (n/m) (General Chat) - phrankin, Sep 16, 19:11:56
- Are they going to save you more than they will cost? (General Chat) - jamesward, Sep 16, 16:53:25
- You are Angela Rayner and I collect my £5 (n/m) (General Chat) - tipster101, Sep 16, 16:53:01
  - you'll pay tax on that - wouldn't bother (n/m) (General Chat) - paulg, Sep 16, 18:31:33
- here you go (General Chat) - Tony Martin, Sep 16, 16:35:18
  - Thanks (n/m) (General Chat) - Snakepit Divorceee, Sep 16, 17:47:09
- MLA Advisory (General Chat) - MrSpudhead45, Sep 16, 16:31:11
  - Thank you. (n/m) (General Chat) - Snakepit Divorceee, Sep 16, 17:46:27
- M+A up The Close (General Chat) - Huge Small, Sep 16, 16:00:49
  - Chairs. (n/m) (General Chat) - Snakepit Divorceee, Sep 16, 16:30:49
- I am (General Chat) - DrDublin, Sep 16, 15:46:19
  - Ha! Only just managed to get rid of one. (General Chat) - Snakepit Divorceee, Sep 16, 15:48:33
    - Awww poor piano's these days, nobody wants them. When I win the lottery.. (General Chat) - DrDublin, Sep 16, 15:53:41
      - Indeed. I liked Cookes (n/m) (General Chat) - Snakepit Divorceee, Sep 16, 16:31:39
        
        I worked for them and Jack Whites back in the day. Cookes called us.. (General Chat) - DrDublin, Sep 16, 17:29:35
- For those of you who don't know who Macklemore is (And I don't know too much, but Ap (n/m) (General Chat) - Augustus Pablo, Sep 16, 15:42:06
  - APjnr used to love this tune about 10 years ago) It's a brilliant and bonkers video (General Chat) - Augustus Pablo, Sep 16, 15:43:52

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