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...
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...
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 How to save 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...
Do you have an existing property portfolio that you want to put into a Limited Company? Have you been told by many different notorious websites that you could create a Partnership and then incorporate it to save stamp duty on buy to let property? Or have you been told...
Simon Thandi looks at the impact of the recent tax changes when property businesses acquire electric vehicles. In particular the impact for property investors that hold their rental properties in a buy to let limited company. Many businesses all over the UK are now...
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...
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...
The government has delayed the start of Making Tax Digital (MTD) to 6 April 2024. In a written statement to the House of Commons on 23 September 2021, it was announced that MTD for income tax self-assessment (MTD ITSA) would be postponed yet again to April 2024. New...