13:11 PM, 9th July 2015, About 6 years ago
1) Married or in a civil partnership
2) One of you is a zero or basic rate tax payer and the other is a high rate tax payer
To give you an indication of how much extra tax you may have to pay (if you do nothing) as a result of interest expenses on buy-to-let mortgages being affected by the Summer 2015 Budget please use the calculator below. If one of you is a 40% tax payer but earning under £100,000 and the other currently earns nothing this strategy could save you £8,477 a year in tax by 2020 assuming tax bands and tax rates stay as they are now. If the figure shown in the calculator is higher than £8,477 please see this link.
The result of the calculation will give you an indication of how much tax you could save you when the new taxation policy comes into full effect by 2020 if you have the correct business structure in place.
The cost of implementation of this particular solution is a one off fee of £200 + VAT per property owned. Other solutions for larger portfolio landlords will be unveiled in due course.
This particular solution does NOT require you to refinance.
Advice and documentation is provided by a practicing solicitor registed with The Law Society. This means that any losses incurred by you in the event of bad advice are fully insured.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleMore Benefits Caps - Implications to LHA Landlords?
Next ArticleYour eviction questions answered
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|