Property and UK Tax Part 7 This week we’re going to think about “death” as our exit strategy as well as the implications of this from a tax perspective. I want to combine two statements which I often hear people say. The first is “death is my exit” and the second is “I want to…
Property and UK Tax Part 6 Occasionally I meet property investors who are very earnest and who tell me that their main priority is to leave a legacy for their children. What they would really like to do is to set up their businesses in such a way that they could have what would…
Property and UK Tax (Part 5) Over the past few weeks we’ve been thinking about how holding our properties in a limited company is probably the most tax efficient route following the changes to Section 24. However, there are some challenges with this and as I’ve mentioned previously, there really is no perfect solution.…
Property and UK Tax (Part 4) This week, it’s time to think about how to structure our companies and also about SIC codes (or Standard Industrial Classification) for our property businesses. Firstly, let’s think about how to structure our business if we are to undertake various property activities. You might wonder if we could…
Property and UK Tax (Part 3) Last week we were looking at the best way to set up our property businesses prior to the changes to Section 24, and this week we’re going to give some thought to holding our properties in a limited company. Let’s first recap. In 2015, George Osborne decided to no…