Released on = June 12, 2007, 3:29 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Buy-to-let landlords need to be fully aware of the tax rules
relating their property investments, the Association of Residential Landlords (ARLA)
has said.


Press Release Body = Commenting on the recent drive by HM Revenue & Customs to crack
down on landlords failing to declare their taxable income from tenants, Malcolm
Harrison from the ARLA said that landlords needed to do their research before
investing.

\"You don\'t become a landlord by accident,\" Mr Harrison remarked.

\"The typical buy-to-let landlord invests in the long-term.

\"You have all kinds of tax allowances. But at the end of the day, you pay tax on any
profits, whether income or capital, which is precisely the same as you would do on
any investment.\"

Despite the apparent simplicity of the system, however, a number of factors
including to rising cost of buy-to-let mortgages and a lack of research has meant
that many landlords are having to give up their properties for financial reasons.

Julian King, director of the UK\'s leading fast purchase property firm National
Homebuyers says: \"There are thousands of novice landlords that are heading for a
severe fall.

\"Some buy-to-let mortgagees are on 100 per cent mortgage deals, where there is very
little, if any, monthly profit. As such, the slightest misunderstanding of the tax
system will prove disastrous.\"

National Homebuyers purchase properties from people who require a quick sale and an
increasing number of customers are those with buy-to-let mortgages. The Sussex-based
firm guarantees to make a cash offer to purchase any property, allowing buy-to-let
landlords to cut their losses and move on. Further information is available at
www.nationalhomebuyers.co.uk/index.asp

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk