Tax & Accountancy

Landlord Tax Planning Spreadsheet

Landlord Tax Planning Spreadsheet

03/06/2016

The spreadsheet analyses the cost of doing nothing vs the costs and benefits of incorporation. It isn’t easy to find an accountant who is completely up to date with all the applicable legislation affecting the taxation of property investors. Even if you are lucky enough to have such an accountant, the cost of a full analysis… Read more


New Tax Strategy For Accidental Landlords

New Tax Strategy For Accidental Landlords

08/04/2016

For those new to buy to let and considering the letting of their current home, in order to buy another for themselves (usually at a higher price) there is a way to avoid the 3% SDLT surcharge on the more expensive property by following this strategy. Create a new limited company and sell your current… Read more


Partnership incorporation with no CGT or SDLT

Partnership incorporation with no CGT or SDLT

05/04/2016

The ability for landlords trading as partnerships to avoid CGT and SDLT at the point of incorporation is clearly written in legislation. You just need to know where to look to find the information and to employ the services of an experienced tax adviser to claim the various allowances for your business. Details of incorporation relief, which can… Read more



Budget 2016 – Incorporate Now BEFORE 30th March

Budget 2016 – Incorporate Now BEFORE 30th March

16/03/2016

Budget 2016 has put massive pressure on landlords who have been considering incorporation following George Osborne’s announcements in the Summer 2015 Budget which restricts finance cost relief for individual landlords. My message to all landlords who have been considering incorporation is a crude one – it’s time to piss or get off the potty! If… Read more


Complaint to the BBC on reports concerning tax changes for landlords

Complaint to the BBC on reports concerning tax changes for landlords

02/03/2016

There was a piece on the BBC News channel last Sunday, 28 February, concerning the tax changes for landlords: http://www.bbc.com/news/business-35681874 It was shown at 07.28 and at 14.16, and presumably throughout the day. It propagated misinformation about the tax change, was biased against BTL landlords, and promoted a commercial alternative.  My detailed complaints follow. The… Read more


FAQ’s – Beneficial Interest Company Trusts

FAQ’s – Beneficial Interest Company Trusts

20/01/2016

Beneficial Interest Company Trusts enable landlords to incorporate their rental property businesses without the need to transfer legal ownership to the company, hence there is no requirement to disturb existing mortgage and financing facilities.  What is the purpose of this strategy? To optimise the tax position of your rental property business in respect of retained… Read more



SDLT on Rental Property Business Incorporation

SDLT on Rental Property Business Incorporation

20/01/2016

It is our view that SDLT will be payable on transfer on the full value of property even if only the beneficial interest is transferred to the limited company, exactly the same as would be the case if the legal title was transferred.  Our understanding is that prior to 1st April 2016 the rate of SDLT… Read more


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


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



How does s162 incorporation relief work for landlords?

How does s162 incorporation relief work for landlords?

23/11/2015

Why might a landlord want to incorporate?  When building a rental property portfolio, profit is often retained for reinvestment into buying more property or paying down debt. However, these profits are taxed heavily for individuals. Companies only pay 20% tax, which is scheduled to reduce to just 18% by 2020. Companies are not affected by… Read more


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