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DOUBLE WHAMMY FOR LANDLORDS – Interest Rate Rises AND Section 24

Until the recent interest rate rises started to bite into cashflow, many larger portfolio landlords had taken the decision to pay the extra tax resulting from the Section 24 restrictions on finance cost relief as opposed to restructuring their business.

Is the Tax Man taking a huge bite out of your rental income?

Are you one of those people who is now wishing that you had sought professional tax advice from us several years ago?
Maybe you’ve just received your 2020/21 accounts and tax returns back from your Accountant and you’re stressed about how m…

Property118 TV

Property118 TV has launched on YouTube.
To find out what this channel is all about and how to receive regular updates, please see our short intro video via the link below.
LINK HERE
 
The post Property118 TV appeared first on Property118.

Property118 TV

Property118 TV has launched on YouTube.
To find out what this channel is all about and how to receive regular updates, please see our short intro video via the link below.
LINK HERE
 
The post Property118 TV appeared first on Property118.

Mixed LLP Case Study – Huge Tax Benefits For Landlords

Mr X owns properties in both his own name and a Limited Company.
His daughter (Sally) works for the company on an employed basis, for which she receives a salary of £30,000. The company pays employers National Insurance on this and Sally pays both empl…

Our webinar about LLP’s is now available on demand

This 64 minute webinar, recorded live on 6th April 2019 is now available to view on demand and free of charge.
The main presenters are:-

Mark Smith, Barrister-At-Law and Head of Chambers at Cotswold Barristers
Mark Alexander

The post Our webinar abou…

Gifting a Directors Loan for IHT purposes

James asked ….
I asked some accountants about the directors loan in a company and they said you could gift the directors loan as a potentially exempt transfer for IHT purposes (tick! 😊) but that from the moment
The post Gifting a Directors Loan f…

Limited Liability Partnership “LLP” LANDLORDS’ CASE STUDY

Bob and his brother Richard own six rental properties in a Limited Company, another six in joint ownership and three each in their sole names. Richard owns another three properties jointly with his two sons, two jointly with his wife and another jointl…

Will you pay tax on your finance costs this year?

If you are due to pay tax on your finance costs by 31st January 2019 I have some very bad news for you and some potentially very good news.
I will begin with the bad news.
Unless you make some changes
The post Will you pay tax on your finance costs thi…

Selling property without paying CGT

Two scenarios regularly pitched to me during tax planning consultations are:-
1) We want to sell some of our properties which are low yielding and replace them with higher yielding properties.
2) We have been considering selling some of our properties …

Freezer Shares and IHT planning for incorporated landlords

Chances are you expect the net value of your companies rental properties to appreciate before you die.
This increase in net value will eventually be taxed at 40% by the Government in the form of Inheritance Tax. For example
The post Freezer Shares and …

Why UK landlords are flocking to Portugal

Have you ever heard of the Portugal non-habitual residents scheme?
By the time you have finished reading this short article, I think you will probably want to find out more, and I will be pleased to help 🙂
The non-habitual resident (“NHR”) taxation reg…

What Does “Washing Out CGT” On Incorporation Actually Mean?

A common question I am asked by landlords who are considering incorporation of their property rental business is “what does washing out Capital Gains Tax “CGT” on incorporation actually mean?”.
I will explain this first using an…

What on earth are you waiting for?

Charles Darwin once said; “it is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.”
When the former Chancellor of The Exchequer George Osborne announced i…

How do I claim back the 25% of Residential Finance cost under Section 24 when I am in a Property Partnership?

My wife and I established a partnership with HMRC in 2012 when we started a small business – which currently involves renting out two residential properties in Plymouth. Being retired our only other income is from UK pensions, so we are basic rate taxp…

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info@gracecharlesinvestments.com