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    Landlord Tax Planning Strategies
    Landlord Tax Planning Strategies
    Landlord Tax Planning Strategies
    Ebook29 pages23 minutes

    Landlord Tax Planning Strategies

    By PROPERTY118 LIMITED 'THE LANDLORDS UNION', MARK ALEXANDER and MARK SMITH

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    About this ebook

    A MUST READ FOR LANDLORDS, TAX ADVISORS AND ACCOUNTANTS

    This eBook was created as a result of a groundbreaking presentation given by Mark Alexander of Property118 and Mark Smith of Cotswolds Barristers to a packed property meet at Baker Street, London in April 2017.

    This is our most comprehensive eBook to date.

    Whether you own just one or hundreds of rental properties we promise this eBook will educate and inspire you to structure your business for optimal tax efficiency.

    It is crammed with factual information and case studies based on real life cases.

    The eBook also quotes case law and legislation.

    The strategies contained could save you thousands every year.

    'A must read for Landlords who have rental properties registered in their own names' - Angus Ryan ACMA

    LanguageEnglish
    PublisherPROPERTY118 LIMITED 'THE LANDLORDS UNION'
    Release dateJun 21, 2017
    ISBN9781386468981
    Landlord Tax Planning Strategies

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      Book preview

      Landlord Tax Planning Strategies - PROPERTY118 LIMITED 'THE LANDLORDS UNION'

      Table of Contents

      Introduction

      Dividends and Other Tax Perks for Landlords Who Incorporate

      Introduction

      In June 2015 George Osborne (then Chancellor of the Exchequer) announced a bizarre change to the way that Finance Costs would be treated for tax for UK private landlords in his Summer Budget.

      Much to the amazement of the accountancy bodies, economic analysts and the Private Rented Sector generally, these changes were included in the Finance (No.2) Act 2015 which received Royal Assent and became legislation that year.

      The change only applies to private landlords, it does not apply to companies.

      Over a phased period of four years, commencing April 2017, private landlords will no longer be able to offset their finance costs against income as an expense. Instead, they will receive a tax credit equal to the basic rate of tax on disallowed finance costs. This is the only business in the UK which is treated in this way.

      The phasing described above will be as follows:

      Tax Year                      % of finance costs disallowed 

      2017/18                       25%

      2018/19                       50%

      2019/20                       75%

      2020/21                       100%

      ConsequencesBy 2020/21 the extra tax may equal 20%, 25% or even 40% of the finance costs.

      Tax payable may exceed 100% of the real rental profit.

      The higher that interest rates rise, the more likely it is that tax will exceed the declining real profit.

      If your real income exceeds £45,000 you will pay extra tax equal to 20% of the finance costs.

      If the sum of your real income plus finance costs lies between £100,001 and £123,000, you will also pay a further 20% on every pound in that range.  This can result in extra tax equal to 40% of the finance costs.

      If your taxable income exceeds £150,000 you will pay extra tax equal to 25% of the finance costs.

      This eBook explains some of the most popular

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