On 1st July 2026, HMRC updated BIM45690 (Funding the Business) and BIM45700 (Withdrawal of Capital from a Business) in its Business Income Manual. HMRC describes the changes as providing "clearer context" and removing unnecessary calculations, but the revised wording could have real consequences for landlords who refinance rental properties and withdraw capital from their property business.

For many landlords, a property portfolio represents years of hard work and careful investment. It may provide a reliable income and form an important part of your family’s future.

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Today, Great Yarmouth Council voted unanimously to proceed with the introduction of Selective Licensing. While this decision was widely expected, it is still a significant development for landlords across the area.

With new tax rises, regulatory tweaks, and a shifting economic landscape, it’s never been more important to understand how these changes affect your property business. Here’s your essential guide.

A simple guide to properties & taxation for all landlords.