UK Landlord Tax blog
Property Investment Company and Inheritance Tax
Set up correctly a property investment company can save you income tax, obtain full tax relief of mortgage interest, inheritance tax and a host of other tax planning opportunities. Here we examine how this works for Inheritance tax. Reducing the taxable value in your...
Tax advisor saves top rate taxpayer £15,600 per annum in tax through Rent to Rent
Rent to rent is where a property is let to another party who then let the property out to tenants. There are pro’s and cons to this arrangement but our focus here as the tax advisor was on the tax savings that could be made. This is an actual case but of course, I...
Non Resident Capital Gains Tax
Many non-residents are unaware of the possible Non-Resident Capital Gains Tax exposure on UK property sales or the need for returns and early payment. From 6 April 2015, non-UK residents became subject to capital gains tax (CGT) on disposals of residential property...
Property Investment Company
If you’re thinking about investing in property and wondered whether a Property Investment Company may be the way forward, read on.
35 Buy to Let Costs you need to claim
Below is a list of 35 Buy to Let costs you can claim, if you incur them, with a fuller explanation of the main expenses. If you are a landlord, or thinking of becoming one, then an understanding of rental income deductions that you can claim is essential. But not all...
Buying property through a limited company- what are the tax savings?
What are the tax savings in buying property through a limited company compared to ownership in your personal name? For higher rate taxpayers the savings are clear. I will illustrate this from an example from additions recently to my own portfolio. One of my long term...
Should I change my BTL Limited Company Year End?
Is your BTL limited company year end making life difficult for you? Unlike personal tax, for which we all file a tax return to the 5th April each year, limited companies file accounts based on accounting periods. The first accounting period usually covers more than 12...
Your BTL Limited Company and Director’s Loan Account
What is a director’s loan account and how does it work in your BTL limited company? It’s a common question and one that often confuses landlords with a BTL limited company. So here’s our take on trying to explain it. Once a Limited Company has been incorporated and...
Inheritance tax on property – How a client saved £2k pa in Acc fees and ended up with a £2m Inheritance Tax bill
Dangers of a DIY approach Inheritance tax on property is becoming a massive concern as the average age of landlords reaches 57 years old. Meet Ajay. Ajay is 69 years old and is a fantastically successful landlord. He owns 24 properties worth £10.5m. His outstanding...
What has the Spring Statement done for landlords?
So what has the Spring Statement done for landlords? In short, not much. Indirectly, the measure to cut the VAT on materials such as solar panels, heat pumps and insulation will help if you were thinking of any improvements in this area. Generally, the 5p cut in fuel...
Got a question for our landlord tax experts?
If there’s a property tax issue that has you puzzled or worried, get in touch. Everyone on our team loves to talk, especially when it helps people like you find peace of mind.