If you’re a landlord and are letting out property that is mortgaged, you may be re-evaluating your strategy in light of legislation that will see mortgage interest tax relief reduced to zero. This is particularly challenging if your property is off the market for a significant period of time for development or upgrades, such as to meet energy efficiency or safety guidelines. As well as playing the long game before seeing a return on your investment, you’ll also have a self-assessment tax return to submit.

If you receive and take custody of tenancy deposits, these need to safeguarded by a government-backed deposit protection schemes. 

Where estate agents handle client funds, such as a deposit for a home or commercial premises, these need to be accounted for separately from regular income.

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