Using a property investment LLP for school fees planning purposes

Using a property investment LLP for school fees planning purposes Another great article from Property 118  Tax experts… Our client was a higher rate tax-payer and also owned four properties in his own name with the benefit of mortgages. Accordingly, he was affected by the restrictions on finance cost relief. His wife is also a […]

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Do HMRCs’ manuals contradict themselves? – Property118 TV

In this episode Mark Alexander is joined by Mark Smith, Head of Chambers at Cotswold Barristers, to discuss how HMRC’s manuals might be perceived to contradict themselves in relation to definitions on whether or not rental property owners are regarded as running a business. There is no need to reach for your credit card, the […]

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Lockdown Landlords Doing Their 2020 Accounts Now

Lockdown Landlords Doing Their 2020 Accounts Now Thousands of UK landlords are making the most of the Covid-19 lockdown to get ahead in terms of preparing their 2020 self-assessment returns and accounts.They don’t need to submit them until the end of January next year, but getting them done now will save those traditional last minute […]

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Larger Portfolio Landlords Face Financial Oblivion Unless They ACT NOW!

Larger Portfolio Landlords Face Financial Oblivion Unless They ACT NOW! Another great Article on property118    Janet and John have spent their time in isolation considering the impact of Covid-19 on their rental property business. They are predicting that in the 2020/21 tax year their rental income will reduce by approximately one third. This has […]

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HMO Rebanding – Charging Council Tax per Room

HMO Rebanding – Charging Council Tax per Room Recently Tony Dand successfully appealed at the 1st tier Land Tribunal a re-banding of his HMO council Tax for a property which was originally a Band C council tax that the VOA (Valuation Office Agency) re-banded to a Band A per room. On the 17th February Tony […]

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Section 24 Tax Planning with Mark Smith and Property118

Tax Planning with Mark Smith and Property118 Effective landlord tax planning utilises all available tax breaks legislation provides for. Nobody in their right mind wants to pay more tax than they are supposed to pay, but not everybody knows how to go about optimising their tax position or even the existence of many forms of […]

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Inheritance tax and legacy planning for property company owners

Inheritance tax and legacy planning for property company owners As the value of the rental properties within your property company increase, so does the value of your shares and hence the value of your personal estate for inheritance tax purposes. You may have considered gifting shares, but that could have CGT implications and what if […]

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