In association with Mark Smith, Head of Chambers at Cotswold Barristers, we have put together a PowerPoint Show which can be watched free of charge from the comfort of your own PC, Apple Mac, Smart Phone or Tablet.
The presentation provides an outline …
Poole is the latest City to see the erection of a Section 24 campaign billboard.
It is located just off Old Wareham Road, Poole BH12 4QS and traffic data shows that 928,000 motorists will pass it every month.
The post Section 24 Campaign Arrives in Poo…
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…
Axe The Tenant Tax was a campaign set up by landlords Chris Cooper and Steve Bolton.
The main purpose of the campaign was to raise awareness of a new form of taxing businesses, but applied only to individual landlords.
The post Axe The Tenant Tax appea…
It has now been a year since Dr Rosalind Beck first published her paper on the Section 24 Landlord Tax Reforms, which has become known industry as “The Ros Report”.
Since then, Property118 has welcomed 1,000’s of new members who may b…
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 £30,000 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…
The Scottish Association of Landlords recently reported that Kevin Stewart MSP has written to the chief secretary to the UK treasury to express concerns about the impact of the “section 24” tax change, which reduces landlords’ tax relief on mortgage/fi…
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…
The key headlines affecting UK landlords are:-
RESTRICTIONS ON FINANCE COST RELIEF
Disappointingly, there where no amendments suggested to the legislation which restricts finance cost relief for private landlords under Section 24 of the Finance (No.2) …
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.
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.
If you are being advised to use an LLP as a stepping stone towards incorporation then you have good cause to be wary.
There is a business model doing the rounds which relies on a piece of legislation created to deal with CGT on the liquidation of an LLP.
The post Beware Tax Planning Models Using LLP’s appeared first on Property118.
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