How to Protect Yourself from the
Big Cut in Tax Relief
In the July 2015 Budget the Government dropped a tax bombshell on landlords who own residential property.
Starting in April 2017 landlords will no longer enjoy full tax relief on their mortgage interest. As a result many will pay thousands of pounds more income tax.
This guide explains how the new rules will operate and what you can do to beat the tax increase, including:
- Transferring properties to your spouse/partner
- Using a company
- Selling property
- Reducing your buy-to-let mortgages
- Using alternative investment structures
- Increasing or postponing tax deductible expenses
- Bringing forward finance costs
- Making pension contributions
Landlord Interest is essential reading for:
- All residential landlords with mortgages or other finance costs
- All tax advisors and accountants
The second edition was published in April 2016 and is completely up to date (unaffected by November 2016 Autumn Statement).
What Information is Contained in the Guide?
Subjects covered include:
- All tax changes announced in the November 2015 Autumn Statement and March 2016 Budget (including full details of the new 3% stamp duty land tax surcharge).
- A plain English guide to the new interest relief rules with lots of examples.
- The timetable - how much extra tax you will pay over the next 4 years.
- Nine case studies showing how much extra tax different landlords will pay (ranging from £0 to £22,500).
- How modest interest rate increases, coupled with this tax change, could wipe out some landlords' rental profits.
- How you may be able to beat the tax increase by simply increasing rents.
- Why you should consider postponing some tax deductible expenses until 2017.
- A detailed look at expenses that can be postponed, including replacement kitchens, bathrooms, furniture, carpets, white goods, and equipment used in your business.
- How one landlord will save £2,140 by waiting until 2017/18 to sell a car used in his property business.
- How to increase your tax deductible expenses when the tax change takes effect, including paying salaries to family members, claiming home office expenses, motor expenses and travel costs.
- How one family will save £17,900 in tax by paying salaries to family members.
- How to save tax by accelerating finance costs while full tax relief is available.
- How to completely reverse the tax increase by making pension contributions.
- When you should and should not use surplus cash to reduce your mortgages.
- The benefits and drawbacks of selling property to beat the tax increase.
- How one landlord will increase her income by £10,000 by selling some properties.
- Property unaffected by the change (commercial property and furnished holiday lettings).
- Using alternative investment structures (shared equity and syndicates).
- How to save tax by transferring property to your spouse/partner.
- The benefits and drawbacks of using a company to invest in property.
- How one investor will see their annual tax bill fall by £33,800 by using a company.
- Who can and who can not transfer existing properties into a company.
- The cost and availability of mortgages for company investors.
- Other ways to save tax by using a company, including leasing property to your own company and using a property management company.
When you order this guide you will also receive a FREE copy of How to Save Tax 2016/2017.
This comprehensive tax saving guide contains over 150 pages of tax saving tips. It is completely up to date with all the latest tax changes announced in the March 2016 Budget - essential reading for everyone who wants to pay less tax.
Please click here for more information on this excellent bonus ebook.
What Will I Receive?
- Landlord Interest - Professionally printed by one of the UK's leading book printers.
- A FREE optional PDF copy of the guide, emailed immediately. This means you can start saving tax just seconds after ordering!
- A FREE copy of our new comprehensive guide How to Save Tax - packed with useful tax tips and information - emailed immediately.
Click here for more details on this title.
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