Each year, the UK Government Budget sets out key tax and spending priorities, many of which directly influence the property sector. For Scottish landlords, changes to income tax thresholds, capital gains rules, property allowances, and support for energy-efficiency improvements can all affect profitability and long-term planning.
While Scotland sets its own income tax bands, UK-wide measures such as mortgage interest treatment, capital gains tax, and corporation tax, still have a significant impact on investors and portfolio landlords operating north of the border.
Because the interaction between UK and Scottish tax rules can be complex, Northwood strongly recommends that landlords seek professional advice. Speaking to a reputable accountant, such as TaxAssist Accountants, ensures you fully understand how new Budget measures apply to your individual circumstances.
If you have any questions or just want a general chat about updates and changes to your portfolio, visit our website at northwooduk.com/aberdeen-estate-agents or pop into any of our offices in Aberdeen, Banchory or Inverurie. You can also give us a call on (01224) 218450. Expert guidance not only helps you remain compliant but can also identify opportunities to structure your property business more efficiently and protect your returns.
