Estate Agents (Part 11) We’re thinking about where to find our property deals and this week, we’re going to give some thought to rent to rents. Now, just to make sure I’m being completely transparent, this is not a strategy which I entertain myself. However, I do know many people who undertake rent to…
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 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 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…
Property and UK Tax (Part 1) In my next few blog posts, I’m going to be thinking about taxes. I imagine this is probably not your favourite subject, but tax does play a vital role in property investing so please don’t navigate away just yet. At some point in your property journey you’ll be paying…
Last week we looked at what an SPV is and how it is not a specific type of entity but instead a vehicle that is used for a specific purpose to help you achieve your goals. We also considered that it could be a limited company, partnership, LLP or any other type of entity. This…