The number of unincorporated landlords in the UK’s private rented sector (PRS) has increased to 2.82 million in 2021 to 2022, according to new data from HM Revenue and Customs (HMRC).
The data, based on Income Tax Self-Assessment (ITSA) returns
According to HM Land Registry, the average sold house price at the peak in September 2007 was £190,032. However, as of August 2023 that figure is £291,044.
But surely that’s a gain of £101,032 I hear you say!
Yesterday’s article invited Dan Neidle to withdraw his allegations and apologise in accordance with his promise to do so if we had ‘disclosed the scheme in full to HMRC and HMRC said it was fine’. We have done exactly that
Following the article I published yesterday there have been more strange goings on. This time it’s the deletion of discussion threads on the AccountingWEB website dating back to 2018.
The evidence was available up until 19th October 2030 via this…
Recent history in the landlord tax planning sector has imparted a vital lesson: when it comes to your tax adviser, it’s imperative to insist that they guide you toward HMRC’s invaluable manuals and that you scrutinise them with great care.
I have always stood up to bullies and have a reputation for integrity and winning legal battles. The legal case that stands out above all others is Mark Alexander (representing Property118 Action Group) vs West Bromwich Mortgage Company at the Court of…
Following the social media frenzy regarding the HMRC’s Spotlight 63 we have been asked numerous times by our clients how they might be affected.
The answer is simple, they are not.
There are times when landlords opt to place their property rental busin…
We have written many articles about Hybrid LLP’s and how they have been abused.
We also offered to help those who had fallen for a Hybrid LLP sales pitch to come clean with HMRC and correct matters before HMRC came knocking at their door.
Kings Counsel has confirmed the correctness of our approach to incorporation.
Why we have only published a holding response to Dan Neidle’s articles (until now!)
Given the extremely damaging nature of Mr Neidle’s article, and the distress it has …
We are aware of a series of publications by Dan Neidle of Tax Policy Associates Limited to his website and his social media channels since 13 September 2023.
Our solicitors have sought advice from an independent Tier 1 Tax King’s Counsel to confirm the…
The Substantial Incorporation Structure is quite the opposite of avoidance from a tax perspective, in that it utilises anti-avoidance legislation to hasten the deemed completion of a business sale from a tax perspective and dovetails with incorporation…
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