Boom in rent means increased tax liabilities for landlords

Tax practitioners have warned landlords to take care with capital allowances and allowable expenses when completing their tax return.

Rising rents could mean increased tax bills for landlords, with tens of thousands of landlords due to file a tax return ahead of the looming pay-and-file deadline.

“According to the most recent figures, the number of landlords registered with the Private Residential Tenancies Board has grown from 160,160 in 2014 to 170,613 in 2015,” ...