Buy to let tax guide 'may help landlords cut costs'

04 May 2010

Written by Jeni Browne.

Buy to let landlords may be able to claim back more on tax than they realise, according to lender Paragon Mortgages.

The firm, from which one in ten landlords has taken out a mortgage, has created a guide for buy to let landlords to help ensure they are taking advantage of the tax breaks available.

Paragon Mortgages' publication offers information on income tax, tax returns, limited companies and capital gains tax, as well as advice on cutting costs.

John Heron, managing director of Paragon Mortgages, said: "Good tax planning is key, particularly as buy-to-let landlords are on the tax man's radar. How you implement, manage and run your tax affairs could have a major impact on your property investments and their financial profitability."

According to the guide, landlords can claim back expenses on such things as mortgage interest, water rates, council tax, accountancy fees and even transport costs for visiting their property.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.