Private Rented Sector Buy to Let Consultants
The Spring Budget – the Impact on Private Landlords So, what was in the Spring Budget for landlords? Well, not all that much really. It rather reminded me of the Dad’s Army scene where the platoon have to rest in a barn for the night. Captain Mainwaring asks Private Frazer to tell his ghost story about the “Old Empty Barn”. […]
Read moreNow that capital gains tax (CGT) is mostly just a tax on inflation not real capital gains, perhaps it should be renamed “inflation tax”? We know our government is short of cash. When was it ever not? The state’s debt burden is now a little over £2,540 billion or to put it another way, 101 per cent of the nation’s […]
Read moreThis short article is about the interaction of Inheritance Tax (IHT) and Capital Gains Tax (CGT) and how, via tax planning, people can reduce the impact of both. It explains that the key thing is to do this when you are still young or else you and /or your heirs may end up paying even more tax that you need […]
Read moreThirty Days to Pay Capital Gains Tax Landlords of residential property should be aware of new tax deadlines for capital gains tax which mean they have just thirty days to pay it. Starting from April 6th 2020, the deadline by which owners with taxable capital gains on residential property will reduce from up to 22 months to just thirty days […]
Read moreCan using a property company save tax for landlords? Generally the answer is usually, yes! The focus of this piece is to look at the pros and cons of using a property company to save tax – for any new properties that you are buying. (Moving an existing property portfolio into a company structure is different, can be more challenging, […]
Read moreLetting Relief for Landlords Looks Set to be Scrapped Lettings relief for buy to let landlords looks set to be abolished says David Lawrenson of LettingFocus.com. This is a shame because we had all expected that maybe in the budget Mr Hammond might do something nice for buy to let, like cutting capital gains taxes for landlords who let to […]
Read moreCapital Gains Tax Reduction for Landlords Selling to Tenants Chancellor Philip Hammond is said to be considering handing a capital gains tax break to landlords who sell their buy-to-let properties to long-term tenants in his budget this month. The proposals were put forward by “Onward”, (the rather silly-named Conservative think tank). The idea is that landlords could be made exempt […]
Read moreThe Easiest Way for Buy to Let Landlords to Avoid Capital Gains Tax The easiest way for buy to let landlords to avoid capital gains tax is never to sell and to keep re-mortgaging to extract cash out of their properties. And the easiest way to build a portfolio is to use the re-mortgaged cash as deposits to buy more […]
Read moreDavid Lawrenson, of property consultancy www.LettingFocus.com says British citizens are being treated like second class citizens when it comes to property tax. If you were following the recent mini statement from Chancellor George Osborne last week you will have heard how overseas investors in our residential property markets will now have to pay capital gains tax – just like they […]
Read morePrivate rented sector consultant David Lawrenson of www.LettingFocus.com looks at calls for reform of tax in the private rented sector. In last weeks’ blog I looked at the housing associations, private landlords and the case for housing associations to get involved in “market renting”. In the course of that blog I also mused on the government’s increasing willingness to get […]
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