Mark Smith (Barrister-At-Law) Landlord tax planning strategies – Reading

Mark Smith (Barrister-At-Law) Landlord tax planning strategies – Reading

13:52 PM, 24th February 2020, About 2 years ago

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DUE TO RECENT EVENTS, THE READING PROPERTY MEET WILL TAKE PLACE ONLINE FOR THE FORESEEABLE FUTURE

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlords tax strategies for The Reading Property Meet Thursday 26th March 2020.

The online webinar will start at 7:00pm. To obtain your guest ticket please see below:

Visit https://www.propertyfoundationsgroup.co.uk/reading-property-meet

The Reading Property Meet is a friendly independent meeting (formerly thepropertyhub) which has grown from a handful of attendees to over 50 per month and has developed over the years to have a really friendly feel so if you are completely new or a property tycoon this is the place to be!

Incorporating without refinancing and other taxation strategies – Mark Smith

• Are you a hands-on landlord looking to counter the effects of loss of finance cost relief?
• Do you want to get your business into a company structure without having to refinance your current lending?
• Do you want to pass on as much of your business as you can whilst minimising the effects of IHT?
• Do you want to maximise your personal tax allowances?

If you are a property rental business, working 20 hours or more in an average week, and sharing income and expenses in common with another (eg spouse) then you could well be eligible for incorporation into a limited company, without having to refinance your current lending and with rollover relief on capital gains and exemptions from Stamp Duty. This would give your business full relief from finance costs, as well as a whole range of other opportunities for equity release, income maximisation and succession planning.

Mark Smith is a barrister well-known in the private rented sector. He led the legal team that recovered £27million of unlawfully charged mortgage interest from West Bromwich Building Society in 2016 on behalf of 6200 landlords (Mark Alexander v West Bromwich).

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  • Please provide an overview of your circumstances and what you are looking to achieve.
  • Landlord Tax Planning Consultancy is the core business activity of Property118 Limited (in association with Cotswold Barristers).