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 […]

Found this interesting? Feel free to share this page...
Continue reading

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 […]

Found this interesting? Feel free to share this page...
Continue reading

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 […]

Found this interesting? Feel free to share this page...
Continue reading

Why We Don’t Apply A ‘One-Size-Fits-All’ Approach To Landlord Tax Planning

Why We Don’t Apply A ‘One-Size-Fits-All’ Approach To Landlord Tax Planning Prior to introducing the Section 24 legislation “restricting finance cost relief for private landlords to the basic rate of tax” in his Summer 2015 Budget, the Chancellor at that time (George Osborne) commissioned the OBR (Office of Budget Responsibility) to produce an impact report. […]

Found this interesting? Feel free to share this page...
Continue reading

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 […]

Found this interesting? Feel free to share this page...
Continue reading
Optimal Landlord Structures

The optimal ownership structure a property business for UK landlords

Taking professional advice on the optimal ownership structure for UK landlords is arguably the most overlooked aspect of their financial planning. It is probably fair to say that most landlords do a fair amount of reseach when buying properties to consider the potential for capital appreciation and cashflow. They also research the mortgage market for […]

Found this interesting? Feel free to share this page...
Continue reading

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 […]

Found this interesting? Feel free to share this page...
Continue reading