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...
If you’re thinking about investing in property and wondered whether a Property Investment Company may be the way forward, read on.
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...
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...
Inheritance tax and the family home The family home is likely to be your most valuable asset. Consequently, when looking to reduce inheritance tax, it may seem sensible to try and give your home away before your die. From a capital gains tax perspective, as long as...
Why use a specialist property tax accountant? It’s a question we get asked regularly and one you may have thought about. The short answer is if you speak to the right property tax specialist you should pay the lowest amount of income tax, Inheritance tax, capital...
With the residence nil rate band being frozen until 2026, if you have a high-value estate in the family it might be worth planning ahead to make sure you reduce the inheritance tax bill. Our latest blog explains more. The residence nil rate band (RNRB) is an...
Family Investment Company (FIC) Reducing inheritance tax on residential property is a major concern for landlords. By using a family investment company structure you may be able to mitigate the IHT liability attaching to your shares. At the same time, you may also be...
How to avoid inheritance tax on property is an ever increasing concern for many landlords. No one likes the idea of the taxman taking a chunk of their estate when they die. Even less if it will be necessary to sell a much-loved property to pay the inheritance (IHT)...
With self-assessment deadlines upon us, it’s a busy time of year for accountants all over the country and the same is certainly true for the property tax experts here at UK Landlord Tax.