Who says MIRAS is dead?

Professional Adviser
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When MIRAS was abolished in April 2000, many homeowners lamented the average tax relief loss of around £130 a year.

Now, however, it seems there are small tax relief advantages for buy-to-let owners that some advisers may have overlooked, suggests Peter McGahan, managing director at Worldwide Financial Planning. So who says MIRAS is dead? Over the years I have seen many clients make some great decisions and one or two have managed to put together a portfolio of properties to rent out. Recent rises in property prices has etched a permanent Cheshire cat on their faces and it would be easy at that point to sit back and consider our job is done. But there are still a few tips to consider, as MIRAS, ...

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