This isn’t as straight forward as some people would like to think. Therefore, I have written this article to explain many of the pitfalls and to explain why it is so important for you to obtain the right advice.
For example
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This case study explains how a couple could save their loved ones £2 million of inheritance tax for less than £10,000 in professional fees, and a further £500,000 of IHT for just £322.48 per month.
Paul and Shirley currently have a net worth of £1,250,…
July 2017 has seen Property118 Limited help more landlords using the Beneficial Interest Company Transfer “BICT” structure to obtain HMRC non-statutory clearance for relief under s162 TCGA 1992 than ever before .
Non-statutory clearance in respect of using the BICT structure provides ‘peace-of-mind’
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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.
Some accountants have been telling their clients that if they want to claim they run the “business” as a “partnership” then they will automatically have to pay National Insurance. “That can’t be right”, I hear you cry! Well it’s not quite clear cut, so I decided to do some more research on the subject and… Read more
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This 10 minute video interview about landlord incorporation was recorded in April 2017, just before the doors were opened to what is believed to have been the UK’s largest landlord tax conference ever. When you watch this video you will learn about the legislation which can mitigate capital gains tax when a landlord business is… Read more
The post Landlord Incorporation Explained On Video Interview With Ranjan Bhattacharya appeared first on Property118.com.
Partnerships operating a property rental business can convert to a Limited Company status (“incorporation”) and claim tax relief to offset both capital gains tax and Stamp Duty that would otherwise be payable. The benefit of incorporation is that it allows landlords to retain profits at corporation tax rates of 20% and falling, and continue to offset 100%… Read more
The post High Level Tax Planning For Property Rental Businesses appeared first on Property118.com.
Just suppose you only had to pay corporation tax on your retained rental profits. This is currently just 20% and is due to be reduced. Just suppose you could restructure your rental property business so that it becomes unaffected by restrictions on finance cost relief. Just suppose you achieve the above for a total cost of… Read more
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Section 24 Tax Problems – Will your mortgage interest payments be taxed? The following breaks down, into three easy sections, the important questions of whether your mortgage interest payments will be taxed from 2017 onward, and if so what you can do about it. Identify the size of the PROBLEM, if indeed there is one at all What… Read more
The post No Nonsense Tax Advice For Landlords appeared first on Property118.com.
We now have 134 conditional pre-orders of our book “Our UK Buy-to-Let Tax Strategy” and we haven’t even finished writing it yet! The reason the pre-orders are “conditional” is that no money will be taken and the book will never be published unless we hit our £5,000 target of pre-sales by 23rd October 2016. The book costs… Read more
The post Must Read Book For Landlords -134 Pre-Sales Already appeared first on Property118.com.
To enable individual landlords to make a commercial decision on whether incorporation is the right thing for them to consider we commissioned an elite team of specialists to construct a definitive spreadsheet which takes all the important factors into consideration. The spreadsheet analyses the cost of doing nothing vs the costs and benefits of incorporation. There are several… Read more
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For those new to buy to let and considering the letting of their current home in to buy another can avoid the 3% SDLT surchare by following this strategy. Create a new limited company and sell your current home to it. This will require you to obtain a company buy to let mortgage. The new… Read more
The post New Tax Strategy For Accidental Landlords appeared first on Property118.com.
For those new to buy to let and considering the letting of their current home in to buy another can avoid the 3% SDLT surchare by following this strategy. Create a new limited company and sell your current home to it. This will require you to obtain a company buy to let mortgage. The new… Read more
The post New Tax Strategy For Accidental Landlords appeared first on Property118.com.
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