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Landlord Incorporation – The Race Is On

Landlord Incorporation – The Race Is On

19/01/2016

Ahead of the Spring 2016 budget, Cotswold Barristers have reported a huge increase in the number of enquiries regarding the use of Beneficial Interest Company Trusts to avoid the need to rearrange mortgage finance when incorporating residential rental property businesses. The rules regarding Stamp Duty Land Tax changes are still not clear but one thing is for… Read more

QNUPS structure – Viable for Buy-To-Let landlords?

QNUPS structure – Viable for Buy-To-Let landlords?

15/12/2015

QNUPS? Just suppose you could pay a flat rate of 20% tax on gross rental income regardless of how much profit you receive. Then sweeten the deal by removing any potential for capital gains tax and/or inheritance tax. In a nutshell, that’s what can be achieved by using a QNUPS structure to invest into Buy-To-Let. … Read more

Beneficial Interest Company Trusts – Avoid Refinancing When Incorporating

Beneficial Interest Company Trusts – Avoid Refinancing When Incorporating

06/12/2015

Many of the landlords I have spoken to about incorporation (to avoid the effects of the new tax changes) have also spoken to their accountants. By using section 162 incorporation relief, many now realise they are in a position to avoid the implications associated with Capital Gains Tax.  A generally misconstrued perception of most tax advisers is… Read more

Incorporation Relief to go in Autumn Statement?

Incorporation Relief to go in Autumn Statement?

21/11/2015

I was horrified to read a prediction on the highly credible Accounting Web that s162 tax relief used to mitigate CGT when incorporating a property letting businesses could be a victim of George Osborne’s Autumn statement next Wednesday (25th November).  If the Chancellor does make such an announcement those landlords currently looking to incorporate can but hope… Read more

2015 Finance Bill Receives Royal Assent

2015 Finance Bill Receives Royal Assent

18/11/2015

18th November 2015 may well be marked in history as the beginning of the end for most private buy-to-let landlords.  Restrictions on the amount of financing costs which can be deducted by individuals, partnerships, trusts and personal representatives when calculating their income from a property business are included in the Act (s 24). The amount of… Read more

Avoiding Restrictions on Finance Cost Relief for Landlords

Avoiding Restrictions on Finance Cost Relief for Landlords

11/11/2015

  GENERAL GUIDANCE  If you have been retaining profits after paying the higher rates of income tax then you have probably been paying more tax than necessary. IS TAX AVOIDANCE LEGAL? The law regarding tax avoidance was clarified nearly 80 years ago. In 1936 a landmark legal case was heard in the House of Lords… Read more

Student rental market crippled by soaring demand and accommodation shortage

Student rental market crippled by soaring demand and accommodation shortage

18/09/2015

With two UK universities struggling to meet demand for first-year student accommodation, flat and house share site SpareRoom.co.uk reveals that up to 22 people professionals and students are competing for every room available in university towns and cities. Competition is at its most fierce in Edinburgh where 22 people are hunting for every room available… Read more

Mortgage Express / UKAR calling in instant remortgages

Mortgage Express / UKAR calling in instant remortgages

21/06/2015

I am aware of two Mortgage Express / UKAR borrowers who received a letter this weekend calling in their loans, an extract of the letters, which are both identical, can be found below. In both cases the properties had been purchased using instant remortgages, i.e. the property had been purchased for cash or with bridging… Read more

Local Authority Lets, No need to take a chance!

Local Authority Lets, No need to take a chance!

08/02/2015

Letting a property on a 3 of even 5 year contract to the local authority may seem like an attractive idea for some landlords. As well as helping to ease the chronic public sector housing shortage, the landlord benefits from a guaranteed rent paid into their account every month without fail for the period of… Read more

Own Shares in Letting Supermarket

Own Shares in Letting Supermarket

18/12/2014

EDITORS NOTE: I have re-published this article because we are getting very close to the point of this investment opportunity being publicly available via the Crowd Cube Platform. Interested parties are advised to set up an account with Crowd Cube in order to avoid delays when shares are eventually released. When we first published the… Read more

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