All posts by Mark Alexander
Is the Tax Man taking a huge bite out of your rental income?
Are you one of those people who is now wishing that you had sought professional tax advice from us several years ago?
Maybe you’ve just received your 2020/21 accounts and tax returns back from...
Death Bed Tax Planning For Landlords...
None of us are immortal, so death bed tax planning strategies are important for us all to know about. On that basis I make no apology for what some might perceive to be such a taboo topic.
This Case...
Section 24 Tax Loopholes...
Section 24 Tax only affects private Buy to Let landlords who are higher rate tax-payers. This is because finance costs are no longer regarded as a legitimate business expense for private landlords.
The Needle In The Haystack...
Finding the solution to your Landlord Tax problem by reading the HMRC manuals can be a bit like finding a needle in a haystack and then threading that needle.
You might seek advice from your...
Section 24 Tax Is Now Hitting Tenants Hard...
Rental demand and hence the average price of UK rent is at an all time high and continues to sky-rocket, but why?
Well, we predicted this six years ago when the UK Government first announced the...
A Quiz For Property Traders...
This quiz will run until the end of July 2021. We will then send a bottle of champagne to the person whose comment we like the most.
So, here’s the scenario.
A property trader buys a house for...
Splitting Rental Income for Tax Planning Purposes...
There are several ways to split rental income for tax planning purposes, the two most popular being a Declaration of Trust or one of many form of Partnership.
The concept is to transfer rental profits...
Section 24 Tax Planning...
Solutions for landlords with a Section 24 tax problem.
First though, let’s take a look at what Section 24 tax is and why it’s so unfair.
The following Case Study explains why so many...
What does 118 mean?
I have been asked many times over the last 10 years why we decided to call our website Property118
There have been many wrong guesses, and I have to admit several of them have been absolutely...
How much will it cost to solve my tax problem?
My answer to this question is that a solution should save you money, not cost you money! Do you agree?
Let’s look at this by way of an example: Just suppose that Mr & Mrs X discover that a...