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…
QUESTION
If a UK letting agent collects say £10,000 in rents from tenants and passes this onto landlords net of the agents 5% fees, what income does the agent need to declare to HMRC? Would it be the full £10,000 of rent collected or would it be his 5%…
Within the sphere of UK property investment, astute investors are perpetually on the lookout for ways to optimise their financial strategies, especially when it pertains to safeguarding family wealth and mitigating Inheritance Tax (IHT). One sophistica…
As a UK landlord, you might not be overly excited about tax regulations, but there’s one set of rules that could significantly impact your financial future: transferring your property business to a company. This move could help you save on taxes …
Three-quarters of landlords are planning to acquire a new rental property in the next year and intend using a limited company structure to do so – a record high.
The findings from Paragon Bank, which surveyed nearly 1,000 landlords
Being a landlord in the UK comes with various financial responsibilities and considerations. This blog post will explore three crucial areas, as outlined in HMRC manuals, that landlords should be aware of: transferring your rental business to a company…
For landlords in the United Kingdom, choosing the right ownership structure for their property investments is a critical decision. Among the various options available, one that stands out for its advantages is the Limited Liability Ownership Structure….
Managing risk is a fundamental concern for both business owners and financiers. A well-thought-out ownership structure can significantly reduce risk and enhance financial stability. One key element in this risk management strategy is adopting a tax-eff…
The government needs to focus on its tax policies so that landlords in the private rented sector (PRS) are incentivised to remain and help house people and not be forced out.
That’s the verdict of Propertymark which is highlighting the steps that…
How soon after nominating our main residence to HM Revenue & Customs can we sell it and still get partial Private Residence Relief on the Capital Gains Tax?
We bought a London flat 25 years ago, lived there for 11.75 years then moved out to an apar…
We understand that Paragon Bank is now interviewing some if not all new clients who are applying for new BTL mortgages and that one of their questions is whether incorporation has been considered.
We want to understand this better
When it comes to the decision of selling your rental properties, your thought process is respected. However, before taking the leap, it’s crucial to delve into some essential aspects that might influence your choice. One such critical factor is C…
In simple terms, a “Mixed Partnership” is a business whose owners comprise both individuals (people) and companies. Sometimes they are marketed as Hybrid structures.
The two commonly found versions of mixed Partnerships are LLP and ordinary…
info@gracecharlesinvestments.com
of Norwich City Football Club