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Landlords earning more than £20,000 a year from their property business will need to use new software to record and submit their tax return as of 2028. The new requirement is the latest announcement under the Government’s Making Tax Digital programme and was announced by the Chancellor in last week’s Spring Statement.
Gallagher, the NRLA’s trusted Landlord Insurance partner, has provided tips on what to remind tenants about throughout the year, to help avoid issues arising. Reducing the risk of property damage can help to avoid large maintenance costs. However, having suitable insurance can provide a financial safety net, just in case.
