Joint venture to offer valuable buy to let advice

Lauren Miller, tax manager at Johnston Carmichael's Forfar office.
Lauren Miller, tax manager at Johnston Carmichael's Forfar office.

One of Scotland’s leading chartered accountancy and business advisory firms has teamed up with Wardhaugh Property to host a tax advice event.

The event will offer tax advice and an overview of the private rented housing sector to those who own, or are considering purchasing, a buy to let property.

Lauren Miller, tax manager at Johnston Carmichael’s Forfar office, will discuss the tax considerations of a buy-to-let acquisition, and provide advice on expenses that you may be eligible to claim, holiday lettings, non-residential landlords and the tax implications of selling your property.

Johnston Carmichael will also highlight the key dates to be aware of in dealing with the tax aspects of your property.

Amanda Wiewiorka at Wardhaugh Property will provide advice on changes to the current legislation and best practices within the industry.

Lauren said: “It was reported earlier this year that the returns on buy-to-let mortgages have surpassed every other type of investment, with an average of £12,000 profit being made for every £1,000 invested into property.

“This, together with the fact that people are renting for longer, means that buy-to-let properties continue to be an attractive proposition. Whilst the advantages of this type of investment can be clearly seen, there are still a number of tax implications to consider which will help maximise your return. Our experienced team at Johnston Carmichael has teamed up with Wardhaugh Property to host this event and ensure that buy-to-let investors fully understand the financial considerations of becoming a landlord.”

The event is on Monday, October 27 from 5.30 to 7.30 p.m. at Johnston Carmichael’s Forfar office, 15 Academy Street, Forfar. It is free to attend however advance booking is required by contacting 01307 465565.

Founded in 1936, Johnston Carmichael has grown to become a leading professional services firm. It has over 600 staff and partners making it one of the top 20 accountancy firms in the UK.