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Blick Rothenberg in the Press

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  • Buy-to-let landlords face 'severe' profits shock


    21.08.15

    Following George Osborne's tax crackdown, buy-to-let landlords face a 'severe dent' in post-tax profits.

    Nimesh Shah, partner at Blick Rothenberg, said this will be a major blow for individual buy-to-let investors. He comments: 'With interest rates expected to rise sometime in the next year, buy-to-let landlords with significant debt will see a reduction in tax relief, which will naturally result in higher costs and lower after tax profits.'

  • Buy-to-let landlords will see their after-tax profits reduced


    20.08.15

    London Chartered Accountants, Blick Rothenberg LLP comment that individual buy-to-let landlords face a severe dent in after tax profits.

    Following the announcement by George Osborne that mortgage interest relief will be restricted from April 2017, Nimesh Shah, partner at Blick Rothenberg, says: 'This is the latest package of measures impacting residential property, presumably to make buy-to-let properties less attractive for investors, and an attempt to 'cool' the housing market. Whilst the intention being the changes may be to free-up housing supply by discouraging investors, individuals who rely on returns from their buy-to-let properties to top-up their income or use as a pension for retirement will now see their after-tax profits reduced.'

  • 9am Lowdown: Government department makes huge tax blunder


    20.08.15

    Blick Rothenberg LLP says that changes to the dividend tax could cost basic rate tax payers an extra £1,700 a year.

    Nimesh Shah, partner at Blick Rothenberg, comments: 'The Conservative Manifesto and George Osborne's first conservative Budget pledged a 'tax lock' for the duration of Parliament, with no increase to income tax, VAT and national insurance, but the increase to the dividend tax rates seems to be exactly the opposite.'

  • Dividend tax credits: Update branded 'misleading'


    20.08.15

    Blick Rothenberg, London Chartered Accountants, have criticised the information released by officials this week and estimated basic rate taxpayers may be worse off by £1,700 per annum under the new rules. The Treasury said in July that the dividend tax credit would be replaced with a new tax-free allowance of £5,000 of dividend income for all taxpayers. The Chancellor said the move would 'simplify the taxation of dividends.'

    However, Nimesh Shah, partner at Blick Rothenberg, has hit out at the latest details from HMRC.

  • How can I maximise IHT breaks to invest for my granddaughter?


    17.08.15

    Caroline Le Jeune, partner at Blick Rothenberg comments on this question.

    She says: 'Where you can make regular gifts out of excess income then these gifts will fall outside the scope of inheritance tax even if you were to die shortly after making the gifts. Please note that the gifts have to be regular - a pattern of such gifts has to be formed - and they have to be made from excess income, so it is necessary for you to be able to maintain a normal standard of living without resorting to spending capital to maintain that lifestyle.'

  • You, your family and the nil-rate band


    14.08.15

    Susan Spash, partner at Blick Rothenberg, comments on the nil-rate band for families and how individuals will be affected.

    She says: 'The first spouse will be deemed to have had an interest in the property - even if they didn't - when looking at the RNRB available to the second spouse to die after 5 April 2017.'

    Source: Investors Chronicle
  • Irish Airbnb hosts face tax grilling as UK eyes up tax potential


    12.08.15

    Following the announcement that The Irish Tax Institute us advising those affected to make a voluntary disclosure to revenue, Stefanie Stapleton, partner at Blick Rothenberg, says: 'Renting space in your main residence for just two or three weeks at a premium rent can be lucrative and, provide the income doesn't exceed certain thresholds, may even be tax free. However taxpayers should bear in mind that subject to the level of income generated, tax maybe due and they may need to register with HMRC. As the property is available to view online, HMRC can see this just as easily as a potential client can.'

    Source: Accountancy Live
  • 5 minute guide to inheritance tax


    04.08.15

    Caroline Le Jeune, partner at Blick Rothenberg, comments on the inheritance tax if an individual is married.

    'A potential IHT charge applies only on the death of a surviving spouse, unless they have subsequently remarried. In most cases the nil-rate band unused on the death of the first individual is transferred to the surviving spouse of civil partner, providing up to £650,000 of nil-rate band to offset.'

    Source: Yours Magazine (Web)
  • New inheritance tax perk: the seven key questions


    04.08.15

    Tax experts from accountancy firm, Blick Rothenberg, answer the most commonly asked questions about the changes, according to the draft legislation.

    Source: The Daily Telegraph
  • Passing on your home: the new rules


    04.08.15

    Tax experts from accountancy firm Blick Rothenberg answer the most commonly asked questions about the draft legislation.

    Question: 'I have assets worth £600,000, which include my home. I am single and have no children. I intend to leave my assets to my siblings. Will i qualify for the £175,000 family home allowance?

    Answer: 'No. The relief will be available only when the family home is passed to children or grandchildren.

    Source: The Daily Telegraph
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