Tax and Accountancy

Don’t forget to declare your Directors salary by 5th April

Author: Mark Alexander

26th March 2019, 7 years ago | 0

Tax Efficient Extraction of Profit From Companies For 2018/19 For many years accountants and tax advisers have suggested that director/shareholders...

Gifting a Directors Loan for IHT purposes

Author: Readers Question

28th February 2019, 7 years ago | 0

James asked …. I asked some accountants about the directors loan in a company and they said you could gift...

Limited Liability Partnership “LLP” LANDLORDS’ CASE STUDY

Author: Mark Alexander

7th February 2019, 7 years ago | 0

Bob and his brother Richard own six rental properties in a Limited Company, another six in joint ownership and three...

Will you pay tax on your finance costs this year?

Author: Mark Alexander

19th January 2019, 7 years ago | 0

If you are due to pay tax on your finance costs by 31st January 2019 I have some very bad...

Selling property without paying CGT

Author: Mark Alexander

17th January 2019, 7 years ago | 0

Two scenarios regularly pitched to me during tax planning consultations are:- 1) We want to sell some of our properties...

Freezer Shares and IHT planning for incorporated landlords

Author: Neil Patterson

23rd November 2018, 7 years ago | 0

Freezer shares provide an opportunity for owners of property companies to cap the value of the shares for IHT planning...

Why UK landlords are flocking to Portugal

Author: Mark Alexander

9th August 2018, 8 years ago | 88

Did you know that UK landlords do not have to pay tax on their UK dividend income from incorporated rental...

What Does “Washing Out CGT On Incorporation” Actually Mean?

Author: Mark Alexander

13th June 2018, 8 years ago | 25

A common question I am asked by landlords who are considering incorporation of their property rental business is “what does...

How do I claim back the 25% of Residential Finance cost under Section 24 when I am in a Property Partnership?

Author: Readers Question

28th April 2018, 8 years ago | 7

My wife and I established a partnership with HMRC in 2012 when we started a small business – which currently...

The best tax structure for landlords

Author: Mark Alexander

9th April 2018, 8 years ago | 0

The best tax structure for landlords very much depends on taxable income. For example, a couple who are earning say...

New SDLT Rules Can Help Smaller Landlords

Author: Mark Alexander

29th March 2018, 8 years ago | 25

A little known amendment to Stamp Duty Policy in the Autumn Budget 2017 could help 1,000’s of small landlords in...

Are my wife and I a property rental BUSINESS?

Author: Readers Question

5th November 2017, 8 years ago | 6

Dear Mark The crux of the issue regarding putting BTL properties into a company seems to be whether HMRC will...

Incorporating WITHOUT Refinancing

Author: Mark Alexander

27th October 2017, 8 years ago | 4

I am helping Cotswold Barristers to promote their BICT structure to accountants and would really appreciate some help. Many accountants...

Expat Landlords Tax Planning Opportunity

Author: Mark Alexander

20th October 2017, 9 years ago | 5

This is a case study of how a couple are able to convert a massive tax headache into a £5,000,000...

Two tax planning models to avoid

Author: Mark Alexander

5th September 2017, 9 years ago | 9

Around 20% of the landlords who consult me regarding tax ask about the “Hybrid strategy” or the “LLP to Incorporation...

Landlords and Class 2 National Insurance

Author: Property118.com Landlord News Team

6th June 2017, 9 years ago | 0

The outcome of the due diligence of our professional advisers on this matter was that Landlords are NOT obliged to pay Class...

Are Landlords Ever Required To Pay National Insurance?

Author: Mark Alexander

31st May 2017, 9 years ago | 11

Some accountants have been telling their clients that if they want to claim they run the “business” as a “partnership”...

Are Joint Buy-to-Let Owners Automatically A Business Partnership For SDLT Exemption Purposes At Incorporation?

Author: Mark Alexander

31st May 2017, 9 years ago | 5

Until quite recently, many professional advisers (including myself) have argued that a partnership doesn’t exist unless HMRC has issued a...