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6th December 2020

Landlords could be hit by another massive tax raid, as the Office of Tax Simplification outlines its recommendations for an overhaul of Capital Gains Tax.

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The government have announced plans to extend the compulsory digitalisation of tax to self-employed businesses and landlords over the next three years. Currently, companies with a turnover above £85,000 must submit their quarterly VAT tax return online following the rules of Making Tax Digital (MTD). As of April 2022, this will extend to all VAT-registered businesses with…

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