『Episode 21 - The Ongoing Effects of Section 24 (with Simon Misiewicz of Optimise Accountants)』のカバーアート

Episode 21 - The Ongoing Effects of Section 24 (with Simon Misiewicz of Optimise Accountants)

Episode 21 - The Ongoing Effects of Section 24 (with Simon Misiewicz of Optimise Accountants)

無料で聴く

ポッドキャストの詳細を見る
Ruban Selvanayagam of cash home buyers and auctioneers Property Solvers speaks with Simon Misiewicz of Optimise Accountants on the continued effects of Section 24 of the Finance Act 2015 (which limits mortgage interest relief for buy-to-let landlords). They discuss the exposure to greater tax liabilities (especially for higher-rate taxpayers), how basic rate taxpayers could still be pushed into a higher tax bracket due to increased rental income, the likelihood of a reversal of the legislation as well as the contiguous challenges landlords are facing (including rising mortgage rates and the difficulty of remortgaging), which has led some to sell properties or incorporate them into limited companies to mitigate tax burdens. Simon goes on to run through potential strategies, including investing through Limited Companies / Special Purpose Vehicle (SPV) structures and strategically selling less profitable properties. Simon also warns about the risks and uncertainties associated with incorporation relief, emphasising the importance of thorough financial planning and consultation with accountants. The conversation concludes with advice on the importance of regularly reviewing property portfolios and making informed decisions to navigate the evolving landlord tax landscape.

#PropertyInvestment #Section24 #TenantTax #LandlordTax #LandlordAccounting #LandlordTaxAdvice #BuyToLetAccounting #BuyToLetTaxAdvice

LINKS (RESOURCES) REFERRED TO IN THE PODCAST

Optimise Accountants

Section 24 (Finance Act 2015) Legislation

Property Solvers' Post on Section 24

RELEVANT LINKS

Property Solvers Investor Profiling

Become an Auction Partner

Property Solvers (Sell House Fast)

Property Solvers (We Buy Any House)

Property Solvers Auctions

Property Auctions News

How to Value Your House

TIMESTAMPS

00:00 - Introduction 00:23 - Explanation and overview of Section 24's impact 04:05 - Section 24's impact on different taxpayers 05:56 - Landlords raising rents and tax implications 07:10 - Government's intent behind Section 24 07:56 - Market consequences of Section 24 08:49 - (Un)likelihood of reversing Section 24 09:43 - Importance of strategic financial planning 11:37 - Challenges with remortgaging and selling 13:01 - Alternative strategies for dealing with Section 24 14:18 - Benefits and complexities of incorporation 17:07 - Implications of incorporation 18:16 - Professional valuations for market value 19:18 - Risks and uncertainties in incorporation relief 20:25 - HMRC scrutiny of incorporation relief 21:47 - Considering incorporation's payback period 22:35 - Analysis needed before incorporating properties 23:01 - Relevance of the "Ramsey" case 25:04 - HMRC's unclear stance on incorporation relief 26:12 - Caution against incorporating portfolios 26:31 - Increasing HMRC scrutiny on landlords 27:32 - Opportunities despite market challenges 28:09 - Building portfolios within limited companies 29:19 - Need for regular strategic investment reviews 30:19 - Adapting to changing economic (and buy-to let investment) conditions 30:59 - Anticipating future tax obligations 32:14 - Optimism for increased rental demand 33:32 - Rising rents and landlord market exit 34:38 - Optimise Accountants' focus on property 35:20 - Contacting Optimise Accountants 36:21 - Work with accountants for tax planning and advice 37:25 - Closing remarks and recommendations
adbl_web_anon_alc_button_suppression_t1
まだレビューはありません