15:03 PM, 12th June 2020, About 3 years ago
In this video interview with Mark Alexander, founder of Property118, we explore the opportunities afforded to landlords with no mortgages or low mortgages in regards to transitioning their ownership structure to a Limited Company. This is also known as ‘incorporation’
It is widely acknowledged that more than half of the UK’s wealthiest residential landlords have no mortgages at all.
The ‘impact report’ produced by the Office for Budget Responsibility in 2015 suggested that only 19% of landlords would be affected by the restrictions on finance cost relief. Therefore, it is reasonable to assume this is because the majority of landlords have no mortgages, which raises the question; what is the optimal ownership structure for those unaffected landlords? The video below answers this question.
WEBSITE LINKS REFERENCED IN THE ABOVE VIDEO
Landlord Tax Planning Consultancy is the core business activity of Property118 Limited (in association with Cotswold Barristers).Show Book a Tax Planning Consultation
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