Myth-busting – Electrical Safety installations Act 202011:19 AM, 3rd August 2020
About 4 days ago 64
I am helping Cotswold Barristers to promote their BICT structure to accountants and would really appreciate some help.
Many accountants advise their clients on the various forms of incorporation relief but are completely unaware of this structure.
In many cases, landlords who are considering incorporation do not wish to refinance away from unbeatable mortgage rates or to pay early repayment charges. In fact, the cost of remortgaging and the likelihood of higher interest rates often results in incorporation not being viable despite the more attractive structure for tax and other purposes, e.g. no section 24 restrictions on finance cost relief and the ability to roll capital gains into shares in the company the properties are transferred into [section 162 TCGA 1992].
You can download a PDF via THIS LINK.
All you need to do when it opens is to save the document and attach it to an email to your accountants to ask them to provide their opinion on whether the structure could be of use to you or any of their other landlord clients.
Thanks in advance for your help.
Mark Alexander – founder of Property118 “The Landlords Union”
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