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 …
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…
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…
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…
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…
The best tax structure for landlord newbies very much depends on taxable income. For example, a couple who are earning say ÂŁ30,000 each who plan to purchase two or three properties, where the combined rental profits and mortgage interest wouldn’t…
Tax Efficient Extraction of Profit From Companies For 2018/19
For many years accountants and tax advisers have suggested that director/shareholders should extract profit by paying themselves a low salary with the remainder of their income being extract…
A little known amendment to Stamp Duty Policy in the Autumn Budget 2017 could help 1,000’s of small landlords in regards to their tax planning.
The changes were billed as “Minor Amendments” and were overlooked by many landlords and th…
Dear Mark
The crux of the issue regarding putting BTL properties into a company seems to be whether HMRC will agree that my wife and I are in “business”. This means whether what I do at present can be correctly described as “business”.
The post Are my wife and I a property rental BUSINESS? appeared first on Property118.
I am helping Cotswold Barristers to promote their BICT structure to accountants and would really appreciate some help.
Many accountants advise their clients on the various forms of incorporation relief but are blissfully unaware of this structure.
In m…
This is a case study of how a couple are able to convert a massive tax headache into a £5,000,000 tax planning opportunity. You can read about a similar structure being used by UK resident investors via this link.
The post Expat Landlords Tax Planning Opportunity appeared first on Property118.
Around 20% of the landlords who consult me regarding tax ask about the “Hybrid strategy” or the “LLP to Incorporation Strategy”.
The reason I am so worried is that these structures are scheming to abuse the tax system
The post I am worried, seriously worried … and here’s why appeared first on Property118.
It has transpired that we made a mistake in our interpretation of whether or not Landlords should pay Class 2 National Insurance. The outcome of further investigation and professional advice is that Landlords are NOT obliged to pay Class 2 National Insurance, regardless of whether they are running a business, unless they are also a trade. Furthermore,… Read more
The post CORRECTION – Landlords and Class 2 National Insurance appeared first on Property118.com.
If your accountants have advised you that you don’t need to pay National Insurance Contributions they are probably wrong, definitely so if you are deemed to be running a business. The good news is that you have probably only been liable for Class 2 National Insurance which is £2.85 a week, so the financial hit isn’t going… Read more
The post Buy-to-Let Business Owners MUST Pay N.I.C’s appeared first on Property118.com.
This is an extremely important question, especially for landlords who are considering incorporation. This is because relief to roll capital gains into shares at the point on incorporation is entirely dependent upon you being a business. Also, you must be a business to be able to claim partnership exemptions on Stamp Duty or LBTT at… Read more
The post #LANDLORDS – Are You Running A Business? THIS IS VERY IMPORTANT appeared first on Property118.com.
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