Property Sourcers Deal Corner

Property Sourcers Deal Corner

13:55 PM, 9th July 2023, About 10 months ago

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Recently, we had the privilege of participating in a live online event alongside a group of 75 UK Property Sourcers and property portfolio sales specialists. During this event, Property118 was invited to present on the topic of how collaborating with our Landlord Tax Planning team could greatly enhance their ability to close more deals. By assisting both buyers and sellers in transacting more tax efficiently, we aim to optimise their business outcomes.

One of the highlights of this event was a Case Study which showcased how a deal could be structured to reduce Capital Gains Tax (CGT) on the sale of a rental property business from 28% to 20% for the seller. Simultaneously, the buyer’s Stamp Duty could be reduced to a mere 0.5%. This example, explained from 44 minutes into the video, serves as a testament to the advantages that await those who engage in our collaboration.

To gain a comprehensive understanding of the entire 80-minute event, we invite you to watch the full recording by clicking the link below.

Our sincere thanks go to Guillaume Black for making this recording available. You can contact Guillaume via email at guillaume@property-filter.co.uk, or visit his website at https://property-filter.co.uk/

CHAT NOTES 

This presentation explains how Property Sourcers can increase their income potential by £500 to £3,000 for every existing or potential new client they speak to, and enhance their professional credibility by helping prospective buyers and sellers to structure deals more tax-efficiently.

The nine questions referred to in the presentation for Property Sourcers to ask their prospective clients are
  1. Are you looking to buy or to sell at the moment?
  2. Why is that?
  3. If you are buying, will it be in a Limited Company?
  4. Do you know what the difference is between an ordinary Limited Company and a Family Investment Company? Would you like me to send you so details?
  5. If you are selling, have you considered CGT and ways to reduce or mitigate it? Would you like me to send you some information about that?
  6. Do you own any rental properties in your own name? IF SO …..
  7. Did you know that incorporated property rental businesses can still offset 100% of finance costs against rental income but privately owned landlords can no longer do this?
  8. Did you know that when a property rental business is incorporated all capital gains are transferred from the properties into the shares of the company? This can be a huge benefit for landlords selling rental properties and don’t want to pay the CGT at this point.
  9. Did you know that incorporation of a property rental business Partnership can occur without CGT or Stamp Duty being payable or the need to refinance?

The link for Property Sourcers to register to become a Property118 Ambassador is …

https://www.property118.com/rupert-chapman-is-inviting-you-to-become-a-property118-ambassador/

The page outlining the fee scales for Property118 and Cotswold Barristers is …

https://www.property118.com/tax/property118-and-cotswold-barristers-fees/

One particularly useful Testimonial comment published on our website in regard to the final question asked during the webinar is …

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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.
  • Landlord Tax Planning Consultancy is the core business activity of Property118 Limited (in association with Cotswold Barristers).

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