The best way to treat buy to let as a “business” is to plan for the long term. And, whilst it can sometimes be tempting to cash-in early and take your profit, you have to remember that the greatest benefits of property are obtained in the later years NOT the early years. To catch all…
Estate Agents (Part 12) It’s time to think about commercial conversions and how to find deals that will fit this strategy – but first, I want to think about why we would want to do commercial conversions in the first place. After all, from the outside, these sound like big deals and a lot…
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 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…
Property and UK Tax (Part 2) Last week we were thinking about how our property strategy and aspirations affect our tax bill and this week, we’re going to start thinking about how to best structure our affairs to make our businesses as tax efficient as possible. Following amendments to Section 24, things…