Meet Mark Smith (Barrister-At-Law) Landlord tax planning strategies – pin Birmingham Central

Meet Mark Smith (Barrister-At-Law) Landlord tax planning strategies – pin Birmingham Central

10:16 AM, 30th September 2022, About 2 years ago

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Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers, will be presenting in person an overview of several landlord tax strategies at the pin Birmingham Central meeting Thursday 6th October.

The Birmingham Central pin Meeting will be held at The Birmingham Conference & Events Centre, Hill Street, Birmingham, B5 4EW

Hosted by Nisha Patel on the 1st Thursday of every month. Attendees can expect first-class speakers and great networking opportunities. 6:00 PM – 9:00 PM

Click here to book your visit

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).

In association with Property118, he has designed robust strategies to allow rental businesses to incorporate without refinancing, and approaching 1,200 businesses have successfully done so to date from the introduction of the BICT in November 2015.

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  • For the avoidance of doubt, we are able to assist landlords who own properties in England, Northern Ireland, Scotland and Wales. Where you reside is not a problem, even if you are resident outside the UK.

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