Abbey Independent Inventories

News & views from the Abbey

Accidental landlords – don’t get caught out by the income tax trap

PUBLISHED BY PROPERTY WIRE 9TH APRIL 2021 https://www.propertywire.com/finance/accidental-landlords-dont-get-caught-out-by-the-income-tax-trap/ Around 7% of landlords in the UK are ‘accidental’ and never intended to let out a property. Reasons for being an accidental landlord include inheriting a property that hasn’t been sold on and being forced to let out a home that cannot be sold.   As an accidental landlord, understanding the laws aroun...

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