Tax and Accountancy

Just Suppose

Just Suppose

04/10/2016

Just suppose you only had to pay corporation tax on your retained rental profits. This is currently just 20% and is due to be reduced. Just suppose you could restructure your rental property business so that it becomes unaffected by restrictions on finance cost relief. Just suppose you achieve the above for a total cost of… Read more


No Nonsense Tax Advice For Landlords

No Nonsense Tax Advice For Landlords

26/09/2016

Section 24 Tax Problems – Will your mortgage interest payments be taxed? The following breaks down, into three easy sections, the important questions of whether your mortgage interest payments will be taxed from 2017 onward, and if so what you can do about it. Identify the size of the PROBLEM, if indeed there is one at all What… Read more


Must Read Book For Landlords -134 Pre-Sales Already

Must Read Book For Landlords -134 Pre-Sales Already

08/09/2016

We now have 134 conditional pre-orders of our book “Our UK Buy-to-Let Tax Strategy” and we haven’t even finished writing it yet! The reason the pre-orders are “conditional” is that no money will be taken and the book will never be published unless we hit our £5,000 target of pre-sales by 23rd October 2016. The book costs… Read more


Landlord Tax Planning Software

Landlord Tax Planning Software

03/06/2016

The Property118 Landlord Tax Planning software helps you to consider the pros & cons of a variety of tax structures and the costs of implementation. 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… 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


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


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. There is even talk of… Read more


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