Should landlords have the right to refuse DSS tenants?10:43 AM, 20th May 2019
About 4 weeks ago 124
The benefit of becoming a corporate landlord is that it allows you to retain profits at corporation tax rates of 20% and falling, and continue to offset 100% of finance costs against income despite George Osborne’s tax changes for individual landlords being phased in from April 2017. It works best for portfolios where mortgage debt is in excess of £1 million.
For sole traders, optimal costs can be achieved by restructuring in three steps over a period of three years.
Step one – two choices
Submit partnership tax returns for the next three years.
After three years have expired, transfer 100% of beneficial ownership of the partnership to NewCo and claim s162 incorporation relief to mitigate CGT and SDLT relief under FA 2003 section 15 land and buildings. Use a beneficial interest company trust to avoid costs of refinancing.Show Form To Book A Tax Planning Consultation
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More