6 ISSUES FOR JUST £6 Subscribe to Business & Professional Life today CLICK HERE

Whitley Stimpson raises awareness of rising taxes for landlords

PUBLISHED: 13:55 25 September 2018 | UPDATED: 13:55 25 September 2018

Val Buzzard, Director at Whitley Stimpson

Val Buzzard, Director at Whitley Stimpson


“Tax changes have made buy-to-let properties less lucrative for landlords.”

Buy-to-let investors face an extra 3% stamp duty charge, meaning fewer are entering the market or buying additional properties, according to the Royal Institution of Chartered Surveyors. (RICS)

Experts at Whitley Stimpson, one of the largest independent accountancy practices in the area, with offices in Banbury, Bicester, High Wycombe and Witney, say it is important that everyone is aware of these rising taxes as it effects both landlords and tenants.

Val Buzzard, a director at the firm, said: “Tax changes have made buy-to-let properties less lucrative for landlords. They can no longer claim all their mortgage interest costs against their rental income for tax purposes and they are being hit by the extra 3% on stamp duty. This is pushing some small investors to sell up, and hence taking properties out of the rental market.”

Val, who is based at Whitley Stimpson’s Banbury office, advises not only landlords but also collaborates with other local professionals like Finders Keepers letting agents, informing them about issues around landlords coping with changes in buy-to-let tax relief.

“This knock-on effect means that tenants face higher rents”, says Val.

“Surveyors are warning that these extra taxes and restrictions on landlords are pushing property owners to sell up, therefore reducing the supply of properties on the rental market.”

RICS estimates the result will be a rise in rents of around 2% this year, and 15% by 2023.

Renters, buyers and landlords are also likely to feel additional pressure on their finances thanks to the recent interest rate rise from the Bank of England. While the hike leaves the base rate at 0.75% it is still likely to make borrowing costlier at a time of tight margins for landlords, and prospective buyers.

To landlords, the message is make sure you are aware of all the changes and if in any doubt contact the experts at Whitley Stimpson for help and advice.

Whitley Stimpson has a team of specialists who advise on all tax matters for both businesses and individuals. For further details, please contact Val Buzzard, on 01295 270200 or valb@whitleystimpson.co.uk.

Visit the Whitley Stimpson website here.


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Cotswold Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Cotswold Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Cotswold Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Cotswold Life


Helping clients through divorce, separation and disputes over children, we talk to 8 divorce lawyers in the Cotswolds

Read more

We’ve some extraordinary, and inspiring, women in business in the Cotswolds. We talk to 7 female trailblazers in local industry who offer the business advice they’ve lived by

Read more

The Cotswolds are abundant with picture perfect locations ideal for a ramble. Gather loved ones, wrap up warm and blow away the cobwebs with one of these winter walks in the region

Read more
Wed, 16:26

Swan Lake. We know the music, we know the iconic imagery of the beautiful ballerina dressed as a swan, but I’m guessing that without reading the libretto in the program, most people don’t know the story. Which is why the audience relies on the dancers to tell us.

Read more
Wed, 11:00

Tom and Louise are being joined by other new academic appointments that have been made as part of the RAU’s £2.5 million initiative to help meet the future needs of the land management and agri-food sectors

Read more
Wed, 10:46

“To win this prestigious award is a real compliment to the wider team in Renishaw’s manufacturing services operation, particularly when we consider the achievements of the other excellent shortlisted companies.”

Read more
Tue, 17:16

Stepping up to receive the world’s first MBA Leading Business degrees at the ceremony were Sarah Bryars, Chief Executive of Target; Luke Freeman, Joint Chief Executive of MF Freeman; and Linsey Temple, Chief Executive of Gloucestershire Engineering Training

Read more
Tue, 17:04

“I am thrilled to see InfoSec People win this fantastic award which is a testament to the brilliant team we have built in the past few years.”

Read more
Tue, 16:36

After a stress-free shopping experience browsing designer brands this Christmas? Look no further than the luxury offerings of Mailbox in Birmingham

Read more
Tue, 10:24

This year sees the 40th anniversary of the publication of Raymond Briggs’ original picture book The Snowman. With three performances of the animated film – with live orchestra – coming to Gloucester Cathedral next month, we thought we’d catch up with Rachel Whibley, managing director of Carrot Productions (and occasional snowman), to find out more...

Read more
Mon, 14:10

It’s the season of terrible puns, magic lamps, and generous genies: Aladdin, the all-new panto at the Everyman, has been written by none other than legendary Blue Peter presenter Peter Duncan, and stars everyone’s favourite clown, Tweedy. The Barnard family from Nailsworth - mum, dad, Harriet (12) and Lewis (6) - made a Wishee (Washee) for tickets; grabbed their car (Window Twan) keys; and dashed off to see A Ladd In Cheltenham

Read more
Mon, 13:45

Crispy, frosty days and perhaps even a dusting of snow, winter is a magical time in the Cotswolds. If you’re thinking of tying the knot during this beautiful season in the region, here are six winter wedding ideas to help you start planning your special day

Read more

Christmas in the Wilson household is a heartwarming, traditional family affair

Read more
Mon, 13:15

Tracy Spiers takes an impressive, if hypothetical, budget on a shopping spree in Cheltenham’s independent stores

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Topics of Interest

Food and Drink Directory A+ Education

Subscribe or buy a mag today

subscription ad

Local Business Directory

Property Search