WSB are urging landlords to ensure they are fully tax efficient after research from buy-to-let mortgage specialist lender Paragon Mortgages, found that many are failing to claim for the full range of tax allowances.

Landlords can offset many of the costs incurred through letting property against their income but many are unaware of the full range of costs they can claim.

Paragon's research shows that more than 1 in 10 landlords are not claiming for mortgage interest, despite it being a major cost for landlords. Meanwhile a third of landlords don't claim management or letting agent fees, with 55 per cent of landlords not claiming advertising costs incurred in letting their property.

WSB has teamed up with Hugh Davies, chartered accountant in Salisbury, to provide a Tax Guide for landlords which provides information on income tax and capital gains tax in addition to the list of tax reliefs available to landlords.  If you would like a copy please ask us and we will be happy to send you one.