Business continuity and succession planning for landlords

Business continuity and succession planning for landlords

Make Text Bigger

Two of the most popular reasons for investing into rental property are:-

  1. To make provisions for retirement
  2. To build a legacy for bloodline

In recent years, many landlords have considered transitioning their businesses into partnerships, LLP’s and Limited Companies. One of the reasons for this has been to help mitigate the effects of the restrictions on finance cost relief. However, business continuity and succession planning is something that all business owners should consider too. For example:-

  • What provisions have you made made to ensure that your assets remain within your bloodline if one of your children gets divorced?
  • If you are operating your business within a Limited Company structure, have you considered Freezer/Growth shares, perhaps with the Growth Shares held in a Discretionary Trust?
  • Have you prepared Lasting Powers of Attorney to ensure that a Civil Servant working for the Office of the Public Guardian “OPG” cannot decide to sell your property business if you are incapable of making your own decisions? Many landlords are unaware that if they do not make such provisions their family could be prohibited from making decisions on behalf of their loved ones. The law is written in such a way to assume the OPG will take over if a person hasn’t expressed otherwise whilst they are capable of doing so. How terrifying is that? !!!

It is legal in the UK for persons over the age of 13 to work, so business continuity and succession planning can start early. Likewise, persons over the age of 13 can also become a Member of a Limited Liability Partnership “LLP” despite not being able to own property or take on responsibility for contractual liabilities until the age of 18.

The above issues are covered when landlords book a tax planning consultation with us.

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

Professional advice from a qualified Barrister-At-Law, insured up to £2,500,000 per claim.

Show Form To Book A Tax Planning Consultation
Consultations include new client compliance checks, fact find via email with complimentary software, expert analysis, a detailed written report and recommendations and a 30 minute Q&A session via Skype or telephone. We GUARANTEE total satisfaction or a full refund.
  • Please provide an overview of your circumstances and what you are looking to achieve.

There will never be an optimal ‘one-size-fits-all’ business structure for tax purposes. The presentation below provides a useful overview of some of the options you might like to discuss with us.



Landlord incorporation and tax planning presentation

Landlord incorporation and tax planning presentation

Incorporation relief and latent gains explained

Incorporation relief and latent gains explained

Incorporating your property portfolio without having to refinance

Incorporating your property portfolio without having to refinance

Capital Account Restructure – Case Study

Capital Account Restructure – Case Study

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

Software to analyse the viability of transferring a property rental business into a Limited Company

Software to analyse the viability of transferring a property rental business into a Limited Company

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’

On-demand webinar explaining the uses of Limited Liability Partnerships “LLP’s” for landlord tax planning

On-demand webinar explaining the uses of Limited Liability Partnerships “LLP’s” for landlord tax planning

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!

Tax Planning Bodge Jobs – Limited Liability Partnerships “LLP’s”

Tax Planning Bodge Jobs – Limited Liability Partnerships “LLP’s”

Landlords Tax Planning Bodge Jobs – inter company lending

Landlords Tax Planning Bodge Jobs – inter company lending

A Landlord’s Tax Planning Disaster

A Landlord’s Tax Planning Disaster

Just say NO to tax avoidance “schemes”

Just say NO to tax avoidance “schemes”

Mixed LLP Case Study = Huge Tax Benefits For Landlords

Mixed LLP Case Study = Huge Tax Benefits For Landlords