Tax and Accountancy

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

Landlord Tax Planning

03/06/2016

The Property118 Landlord Tax Planning spreadsheet 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… 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


Load More Posts

×

Profile has been updated! Click here to view

×

Share with your friends?

Please share this article via one or more of the following social networks

facebooktwittergoogle_plusredditlinkedin ×

Sorry. You must be logged in to view this form.

×