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The information you provided has been submitted to one of our specialist landlord tax planning Consultants, who will send you a detailed report on the optimal ownership structure for your future property investment acquisitions. Please allow up to one week to receive this.
If you already own other UK rental properties you may wish to understand whether there is a better ownership structure for those properties too.
Your ultimate objective may well be to transfer ownership of any existing properties into a Smart Property Company structure, but the viability of that will need to be considered very carefully. For example, you may well have questions such as:
- Will Capital Gains Tax be payable when you transfer the properties from the existing ownership structure are there reliefs available to mitigate this?
- Will Stamp Duty Land Tax be payable when you transfer the properties from the existing ownership structure and are there also reliefs available to mitigate this?
- Will new financing be necessary or is there a way to avoid this, so that you can avoid early repayment charges,
arrangement fees and retain competitive existing mortgage products?
- Are there any alternative ownership structures you should consider for your existing rental properties and what would the costs and benefits of transitioning be?
The scope of our free service does not extend to providing that level of guidance or for a video conference with one of our consultants. However, for a fixed fee of £400, a significantly more comprehensive review is available. This will also include links to the relevant HMRC manuals and legislation, so that you can share our findings and recommendations with your accountants and/or other professional advisers, should you wish to do so. When you upgrade, the service also includes an opportunity for you to spend quality time with a Property118 Tax Consultant on a Zoom call to answer any questions you might have and to fine tune recommendations made.