I was going round in circles having done days of research into how to proceed with my property portfolio.
I found Mark through a recent YT video where it was clear what I had researched was along the right lines, however I needed Mark's expertise which from the video exceeded my own.
I decided that paying for a tax consultation would be beneficial so I could stop wasting time and get off the fence!
Mark and his team will review your portfolio or future plans and provide their expertise for a fair fee. Having gone through the consultation process I believe this is value for money and a drop in the ocean when dealing with the sums involved in any property transaction.
Buying property in your own name may be bad decision without having a clue on the tax implications, and it is prudent to know the options that are available if you want to buy and sell property, both as a UK resident or becoming an expat.
Mark is clearly an expert in these fields and Property 118 does not try to upsell in the slightest.
Mark provided me with new contacts in the industry and offered further support in the future. I got what I wanted which is the confidence to proceed with my plans and more knowledge than I had before the consultation.
Also Yvonne who will contact you initially was professional and quick to respond during the fact finding stage of the consultation.
Thanks Mark and all @Property 118!
We must say that Mark Alexander has been the best to educate me and my wife on the subject of our estate planning. We have attended many property training courses claiming to show us the way forward, read many books, have had discussions with many accountants and estate planners but to date no one gave us a clear and concise insight to the knowledge Mark gave us. For that reason, in our opinion Mark is a genius on this subject. So, we thank him for his valuable support. All the best.
I am so glad that I made the decision to organise a consultation with Mark Alexander and his team at property118.com. I already own a BTL, which I have had for 13 years, and I am planning to move to the USA next spring and to rent out my main residence whilst abroad. I wanted tax planning advice bearing in mind our particular situation.
Mark was brilliant, he looked at mine and my husband’s current tax situation and our future tax situation whilst abroad. He then provided us with carefully considered recommendations. He has left us feeling a lot more confident that we are making the right decisions going forward.
Property law, tax and the complexities and nuances can be quite overwhelming for accidental landlords like us, with only a couple of properties as well as a day-job. Having good solid advice from an expert is invaluable and worth every penny of the consultation fee.
I would thoroughly recommend Mark and Property 118 to anyone who is unsure about the many complexities of the property world. I would like to add, that Mark was extremely quick at replying to follow-on questions, and this is such a breath of fresh air in these strange days of waiting in queues!
Thank you Mark and Property 118!
I first met Mark Alexander over 15 years ago when I attended a property investment seminar he organised in Central London. At the time, I had just remortgaged some properties in my portfolio and raised £250k+ that was sitting in various savings accounts. During the interval of this event I had the good fortune to have a chat with Mark. I doubt if he can remember. I can, because it changed the path I was taking. I was of the belief that it was not a good idea to buy more property. However, Mark's seminar, his views, comment, vision and our chat convinced me and motivated me to return to the market and buy more property. This decision has proved to be a excellent one in terms of capital growth, rental income, portfolio profitability and increased family wealth.
Since that first meeting I have always had the utmost respect for Mark as an individual who has always made himself available to not only help but educate others. I being one. I consider Property118 to be a fantastic website that provides all landlords including accidental, first-timers, small , portfolio and professional landlords with a forum and knowledge base that assist in managing one's investment properties. Mark was instrumental in setting this up, developing the website and offering a wide range of related services. I wish him well with his latest venture of Property118 having its own You Tube tv channel.
For me, the biggest influence in recent years in my property investment journey has been Mark and everyone at Property118 including Mark Smith. The help my wife and myself have received from Property118 with referference to our tax planning, tax efficiency has been excellent. For four years since the introduction of Section 24, I've been researching and exploring ways for our property portfolio business to be more tax efficient and hence more profitable. I have spoken to many so called "tax specialists" during this time in an attempt to arrange our business in a way to benefit ourselves and family moving into the future. Without doubt, the best advice and support has come from Property118 and from Mark Alexander himself who has always been generous with his time and enthusiastic to find the best way to solve landlords problems. As a result of Mark Alexander's and Mark Smith's help my wife and myself have managed to incorporate without the need to refinance, thus saving us thousands in the process.
In concluding, I'd strongly recommend any individual from those taking their first steps as landlords to experienced landlords to use the Property118 website, especially the tax planning consultation service that is on offer. You certainly won't be disappointed.
I have just completed the incorporation of our property business , thanks to mark and the team at 118 . Excellent advice .
will be looking to do inheritance planning next
Following detailed advice from Property 118 over an extended period (due to the complexity and scale of the portfolio) I recently completed the successful incorporation of my partnership property business. Property118 (Mark Alexander and Mark Smith) were subjected to independent scrutiny by a major professional services firm that I engaged alongside. They reported back to me and concluded the advice was not only technically and legally sound but "comprehensive, tailored and robust". This provided the assurance I required to push ahead with the incorporation, understanding not only the benefits but also risks and implications.The Property118 team were certainly put through their paces. The quality of advice, transparency and responsiveness has been exemplary (with many challenging questions and analysis along the way).
Grateful to Property118 for their support and truly valuable advice throughout.
My story is very similar to :Keith Mason, 14th February 2020.
But I'd like to add that following clause 24 and as a portfolio landlord, I have researched and agonised for the best part of two years whether or not I would benefit from incorporation. So I paid 118 for the initial fact find and report and recommendations, then took that to a respected accountant who's words were something like ' a very clever strategy which will break even within 3 years through tax savings and the rest is GRAVY'
My next step will be IHT planning with 118 as the succession of my business is very important to me.
Also Mark will buy you a lunch if you visit him in Malta.........who said there isn't such thing as a free one 🙂
We have just completed incorporation of our business through Property 118 and Cotswold Barristers. We found, both Mark Alexander and Mark Smith and their teams to be very knowledgeable, professional and efficient throughout the process. Our enquiries and questions were answered promptly and satisfactorily. We are assured that further enquiries / questions we may have in the future will be answered to the same High standards. Fully recommend and thank you.
I am a partner in Segrave & Partners LLP, a firm of Chartered Accountants based in Leigh on Sea, Essex. A client of mine used Property118.com and Cotswold Barristers to incorporate his property rental business. They made the process very straight forward and were always on hand to answer any questions. The incorporation was subsequently investigated by HMRC and I am very pleased to say that the enquiry has recently been closed down without any issues. Throughout the enquiry, Mark Alexander and Mark Smith provided excellent and timely advice which has definitely helped us through the enquiry process. We have all worked together as a team to prove to HMRC that the incorporation has been properly actioned in accordance with UK tax laws.
I will keep this short and sweet!
We booked a consultation with Mark four or five years ago.
It was the best business/ tax advice we have ever received, unbelievable value for money service.
We then went down the incorporation route, the words still ringing in my ears from Mark which pushed us over the line were “it is costing you money every day you don’t do this. “
Having now incorporated only two weeks ago it isn’t just the improved taxation position moving forward, more importantly it is the flexibility of being incorporated now gives the business moving forward.
If after the initial consultation it becomes apparent that the way forward for you is to incorporate, then take the advice and move forward with Mark and Yvonne and the team around them.
The advisors literally held our hands right through the whole process, they were very patient, answered our questions, everything is safe and transparent. They are a great team.
Every Landlord who is seriously considering moving forward to LTD status should contact Mark the P118 team today.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity Insurance
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Landlord incorporation and tax planning presentation
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