Will you pay tax on your finance costs this year?

by Mark Alexander

8:39 AM, 19th January 2019
About 2 years ago

Will you pay tax on your finance costs this year?

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Will you pay tax on your finance costs this year?

If you are due to pay tax on your finance costs by 31st January 2019 I have some very bad news for you, and some potentially very good news.

I will begin with the bad news.

Unless you make some changes, it is highly likely that you will pay twice as much tax on your finance costs in 2020, three times as much in 2021 and four times as much thereafter. You might also lose child care and other benefits and if your ‘taxable income’ goes over £100,000 you will also start to lose your nil rate band tax allowance.

The good news is that there are solutions to this problem. However, there isn’t a ‘one-size-fits-all’ solution so you will need some bespoke professional guidance on the optimal solution for you.

When you book a tax planning consultation with Property118 Limited we provide a guarantee of total satisfaction or a full refund.

For a fixed fee of £400 (inclusive of VAT) we complete an initial Fact Finding process, we provide a bespoke report and recommendations with links to applicable legislation for you and your existing advisers to consider and we even obtain Counsel’s Opinion and a quotation for the legal work associated with implementation of our recommendations from our Hon. Legal Counsel, Mark Smith, Head of Chambers and Barrister-At Law at Cotswold Barristers.

I have appended below links to several pages of Testimonials from existing clients and some case studies.

Show Form To Book A Tax Planning Consultation

Consultation Testimonials

£1.7 million landlord tax planning success

Selling property without paying CGT

Three-Dimensional Tax Planning With IHT Benefits

 

Open A Business Bank Account In Minutes

Smart Property Company Structures

Smart Property Company Structures

Landlord Incorporation Specialists

Landlord Incorporation Specialists

Tax Consultation Testimonials

Tax Consultation Testimonials

Incorporation without Refinancing

Incorporation without Refinancing

Incorporation relief and latent gains explained

Incorporation relief and latent gains explained

Landlord Incorporation Strategies – Update for 2020

Landlord Incorporation Strategies – Update for 2020

HMRC Investigation into £9million Property118 ‘Incorporation Relief’ Claim

HMRC Investigation into £9million Property118 ‘Incorporation Relief’ Claim

Capital Account Restructure – Case Study

Capital Account Restructure – Case Study

What Does “Washing Out CGT On Incorporation” Actually Mean?

What Does “Washing Out CGT On Incorporation” Actually Mean?

Stamp Duty when transferring the ‘whole business’ of a Partnership into a Limited Company

Stamp Duty when transferring the ‘whole business’ of a Partnership into a Limited Company

Incorporation Viability Analysis for UK Landlords

Incorporation Viability Analysis for UK Landlords

Inheritance tax and legacy planning for property company owners

Inheritance tax and legacy planning for property company owners

HMRC Internal Manuals ‘Landlord Incorporation’

HMRC Internal Manuals ‘Landlord Incorporation’

The optimal ownership structure for UK landlords

The optimal ownership structure for UK landlords

Guide for landlords on forming an LLP for property investment

Guide for landlords on forming an LLP for property investment

LLP structure reduces landlords tax bill by 85% – CASE STUDY

LLP structure reduces landlords tax bill by 85% – CASE STUDY

Partnership taxation and associated rules

Partnership taxation and associated rules

Property valuations for tax planning purposes cost just £19.95 each

Property valuations for tax planning purposes cost just £19.95 each

Hybrid Tax Structure – Landlords BEWARE!

Hybrid Tax Structure – Landlords BEWARE!

Book A Consultation

Book A Consultation

Using a property investment LLP for school fees planning purposes

Using a property investment LLP for school fees planning purposes

LBTT for sole owner landlord incorporation in Scotland

LBTT for sole owner landlord incorporation in Scotland

Stamp Duty relief on properties split into multiple dwellings

Stamp Duty relief on properties split into multiple dwellings

Expat Landlords Tax Planning Opportunity

Expat Landlords Tax Planning Opportunity

Open A Business Bank Account In Minutes

Open A Business Bank Account In Minutes

Four Property Investment Structures – Video Interview

Four Property Investment Structures – Video Interview

Landlord incorporation and tax planning presentation

Landlord incorporation and tax planning presentation

Become a Property118 Affiliate

Become a Property118 Affiliate

Tax Free Interest On Your Directors Loan

Tax Free Interest On Your Directors Loan