A Preston-based accountancy firm has provided an update to local landlords on the latest tax and legal changes to affect the private rental sector.
Rotherham Taylor Limited held the seminar at Preston North End’s Deepdale Stadium, where they were joined by Charles McDonald of Dowson Billington Solicitors.
Participants heard from the firms’ experts on the key considerations that landlords need to be aware of, including changes to tax reliefs, Capital Gains Tax issues and recent legislative changes.
Michael Barton, Chairman and CEO at Rotherham Taylor Limited, said: “Strict rules govern landlords’ financial arrangements and how they manage their properties.
“The penalties for those found not to comply are severe, so we were keen to ensure that landlords are aware of and understand their responsibilities.
“We were delighted that the event was such a success and the landlords in attendance told us that they found the seminar a useful exercise.”
Rotherham Taylor Limited regularly holds seminars on topics of interest on accountancy, business and tax-related matters.