Iain Rankin from Tax Insider explores potential ways to overcome the tax and finance challenges that make the decision to incorporate not as straightforward as some landlords believe
On 23rd Sept 2021 HMRC announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will be introduced a year later than planned, in the tax year beginning in April 2024.
On 21 Oct 2021 at 19:00 JMS Accounting will make a presentation on Inheritance Tax (IHT) Planning with special focus on Property.
From 6 October 2021, VAT chargeable on Service Accommodation, hotels and travel accommodation in UK has gone up to 12.5% from 5%
This rate will be applicable to 31 March 2022, thereafter the rate will revert to 20%.
A deed of variation – or DOV – is a legal document that allows the beneficiaries of an estate (e.g. children) to make changes to a will, in the name of the deceased, after their death.
What happens to company assets when a company is struck off?
The government announced 1.25% increase in national insurance yesterday with effect from 6th April 2022.
Many portfolio landlords are interested to know what is involved in the incorporation process.
This BLOG is the result of shortening many 100s of pages of information into the summary below.
Incorporation via Beneficial Interest transfer is used predominantly in England, Wales & Northern Ireland.
Many portfolio landlords have gone through the process of creating a partnership and incorporating their portfolio into an investment company. They will have substantially completed the incorporation by transferring the beneficial interest to their investment company, while the mortgages stay in their own name until such time that the it
Making tax digital for landlords has been on the cards for some time and now the government has finally come up with the start date for landlords and other property investors to report tax quarterly under the new system. April 6, 2023 is the date when anyone making more than