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All change for landlords 2020 | MCT Accountants Darlington

All change for landlords 2020

HMRC changes Capital Gains rules for landlords and finance cost restrictions for residential properties. Capital gains tax (CGT) For UK residents, from 6th April 2020 GCT returns and payment must be made within 30 days of completion. This change may cause a substantial cashflow difficulty for landlords in the short term. This will still have to be reported on a client’s self-assessment tax return. HMRC will be amending the self-assessment return to allow you to Read more…

Opening hours during COVID-19 blog

Opening hours during #COVID-19

Due to this unprecedented situation, we are updating you of the current situation. If you are on the small business rates register who will receive a grant via the local government office, complete and return asap. If you employ staff and must lay them off, you will be able to receive 80% of their wages, at some point in the future, system yet to be implemented. If you are self-employed, then you may receive HMRC Read more…