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Section 24 – Buy To Let Tax 2020 Update | Landlord tax | Incorporation Relief Section 162

As of today, a video recorded at the Baker Street Property Meet in regards to tax planning solutions for landlords facing problems with the section 24 restrictions on finance cost relief has been watched more than 34,000 times.
The following is an upda…

Declaration of Trust

HMRC charge tax on the beneficial ownership of rental profit and capital growth from rental properties, HOWEVER, mortgage lenders take their security against legal ownership. It has been possible to split legal and beneficial ownership of property since the days of the Christian Crusades. There are three primary tax reasons for creating a partnership by splitting beneficial ownership on… Read more

The post Declaration of Trust appeared first on Property118.com.

BICT Q&A

There has been a lot of uniformed commentary, both on forums and in the National media, with regards to incorporation of property rental businesses and Beneficial Interest Company Trusts. This is inevitable given that landlords are so concerned with tax changes to mortgage interest relief and the popularity of tax planning solutions being promoted here… Read more

The post BICT Q&A appeared first on Property118.com.

High Level Tax Planning For Property Rental Businesses

Partnerships operating a property rental business can convert to a Limited Company status (“incorporation”) and claim tax relief to offset both capital gains tax and Stamp Duty that would otherwise be payable. The benefit of incorporation is that it allows landlords to retain profits at corporation tax rates of 20% and falling, and continue to offset 100%… Read more

The post High Level Tax Planning For Property Rental Businesses appeared first on Property118.com.

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