Buy-to-Let UK Property
Companies Soar After Section 24 Tax on Landlords
The number of UK buy-to-let property companies listed at
Companies House has soared to record levels since George Osbourne introduced
his ‘Section 24’ tax bombshell on
landlords.
If you are stuck in the Section 24 tax trap contact me at charles@charleskelly.net to arrange
a free consultation with a property tax specialist.
There are now over 400,000 limited property companies
registered, more than any other businesses and four times as many as fast food
firms. Since 2016 there has been a fourfold rise in incorporated buy-to-let
businesses, much of which is due to George Osbourne’s ‘Section 24’ tax hike on landlords.
The change in the law meant that buy-to-let landlords with properties
held in their own names could no longer offset mortgage interest against their
rent (pre-profit gross income).
Almost 700,000 properties are now held in limited companies,
rather than in individual names, which has become the standard method used to
buy investment property in the UK.
Watch full video
version - https://youtu.be/tdcdZDdu7qY
Section 24 Property
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.
Email charles@charleskelly.net
for a free consultation on how to deal with Section 24.
Watch video now: https://youtu.be/aMuGs_ek17s
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