Fylde Tax Accountants

tel: 01253 398082

Property Articles

Are You in Control of Your Property Borrowings?

First Published: July 2011 | Available in: Property Articles Property Investor News

By specialist property accountant Stephen Fay ACA

For most investors, their most significant property expense is the cost of their borrowings. But with portfolio investors often having mortgages and other borrowings with different banks, on different terms and rates, gaining a full understanding of the overall debt profile can be challenging.

In the current era of ultra-low interest rates, many investors have benefitted from a massive reduction in finance interest. While this is obviously welcome, many have now spent much of these ‘windfall profits’ on shoring up their cash reserves and refurbishing properties.

However, as all good things must come to an end, wise investors are analysing their property debt profile to ensure they are able to prosper at ‘normal’ interest rates. This article looks at how investors can get a better understanding of their property borrowings and the impact of higher interest rates on their property portfolio.

Continue Reading »

A 5 Minute Guide to Tax-Deductible Expenses for Landlords

First Published: June 2011 | Available in: Property Articles Property Investor News Your Property Network

By specialist property accountant Stephen Fay ACA

One of the most common questions asked by clients with investment property is ‘what costs can be claimed against income tax on property rental profits?’

Clearly, it makes sense to ensure that every possible expense and allowance is claimed before calculating the income tax to be paid on rental profits – as this has a direct impact on the amount of tax figure payable.  Continue Reading »

You Can’t Take it With You – Using Trusts to Avoid CGT

First Published: March 2011 | Available in: Property Articles Property Investor News Your Property Network

By specialist property accountant Stephen Fay ACA

Some readers may have seen the recent BBC programme called ‘You can’t take it with you’. The programme features a range of scenarios which enabled asset-owners to pass on wealth to loved ones tax-efficiently. For property investors, capital gains tax is often a major issue when passing on assets before death.

Specialist property accountant Stephen Fay ACA considers how property investors can use a trust to mitigate CGT on asset transfers.  Continue Reading »

Building Wealth using Compounding Rental Profits & the Occasional Sale

First Published: November 2010 | Available in: Property Articles Property Investor News Your Property Network

By specialist property accountant Stephen Fay ACA

Many property investors want to use property to generate long-term wealth – but few put in place a business plan and financial budget to achieve their aim. Being financially disciplined, and committing to a long-term plan, can lead to financial security sooner than you think – using compounding rental profits and occasional sales to reduce debt and build equity.

There is a lot of hype around property investment, but the truth is that the average investor is trying to build a moderate-sized portfolio to allow a comfortable and early retirement, and to pass on to family.

Continue Reading »

How to Present your Property Business in the Best Possible Light to Commercial Lenders

First Published: November 2010 | Available in: Property Articles Your Property Network

By specialist property accountant Stephen Fay ACA

With lending criteria from ‘High Street’ Buy-To-Let lenders tightening, the lending environment is becoming much tougher for property investors. Many property investors with good portfolios are now looking at commercial finance – rates and fees are often better, and lending criteria no worse than BTL lenders – but, information requirements are more stringent. Continue Reading »