Description
Buy-to-let is an increasingly popular investment tool. Low interest rates, poor value pensions, rental income, and flexibility of investment are all factors that have made buy-to-let an attractive option when compared to other investments.
Taxation Solutions believes the buy-to-let market will continue to grow because historically it has produced favourable income returns throughout the period of ownership as well as relatively secure capital gains on eventual sale.
When considering a buy-to-let investment landlords need to be aware of the tax issues and obligations facing them not only as property investors but also as individuals with other businesses, careers and investments. Many factors can affect the returns in both capital and income, and it is important to start with the right purchasing structure and to make use of all the available reliefs at the appropriate times.
We provide landlord clients with a pro active service built on trust and an understanding of their individual business needs. We are confident that we will maximise your rental returns by minimising your tax liabilities.
Tax is an increasingly complex area. It is essential that landlords seek advice from a taxation and accountancy specialist to ensure a strategy is devised that best suits their individual needs.
This booklet does not cover every tax aspect of buy-to-let. It sets down the basics and provides pointers for tax saving ideas. To minimise your own tax liabilities it is essential to take tax advice that is tailored to your individual situation.
So whether you run your property business as a part time venture, full time or even as as a company AND whether you invest here or abroad this guide will help you save on you Tax Liabilities.
Contents
* What is a property investment business?
* Who is taxed and when is the tax payable?
* Tax allowable expenditure
* How should you own your property?
* Trading or investment
* Furnished holiday lettings
* Capital gains
* Overseas issues
* Property and pensions
* VAT and stamp duty land tax
* Letting commercial property
* Inheritance tax
* Distressed property
* Summary of our services
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Taxation Solutions
