Most property investors use mortgage, and other finance types, to fund their property rental business, and so have to pay interest in order to do so.
This article looks at what finance interest can be claimed as tax deductible, and how relief is obtained.
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Most property investors use mortgage finance to buy their properties, and so have to pay a range of lenders fees – as well as interest – in order to do so.
This article looks at whether finance fees (NOT interest – this is covered next month) are tax deductible, and how relief can be obtained. Continue Reading »
Many property investors need help with managing their business, and involving their children has a number of potential benefits, both financially and otherwise.
This article looks at how investors can get a tax deduction for employing their children, or child in their property business, and how to ensure that this is done lawfully.
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SEIS is the ‘Seed Enterprise Investment Scheme’ was introduced in 2012 and extended in 2014, and enables certain types of small companies to raise finance while offering generous tax incentives to investors.
This article looks at how SEIS tax reliefs work, both for income tax and capital gains tax, and key amounts and dates to be aware of when considering making an SEIS investment.
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Many property investors own property in joint names with other investors, or a spouse, or a family member, or a friend. But is this a tax partnership, and if it is, does it matter
This article looks at property rental partnerships – what are they, what are the implications if you have one, and what should you do about it.
Warren Buffett is widely acknowledged to be the world’s most successful investor. From a standing start he has built up a personal fortune of around £50 billion – and Buffet is well-known for his witty quotes, and his willingness to pass on his knowledge. He is known as the ‘Oracle of Omaha’ and the annual general meeting for his company, Berkshire Hathaway, is a mecca for investors world-wide, seeking pearls of wisdom from the world’s richest investor.
This article looks at Buffett’s most well-known tips and sound-bites, and looks at how these might apply to property investors.
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Making a tax loss is fairly typical during the initial ‘portfolio build’ phase of a property investor’s journey. This article considers how losses can be used, and how maximum benefit can be derived from any tax loss.
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Most property investors carry fairly large levels of personal borrowings, given the financial benefits of gearing when investing in property. Having a good amount of life insurance in place to repay borrowings in the event of death is common sense – but, life insurance for ‘private landlords’ is not tax-deductible … making it effectively more expensive.
Specialist property accountant Stephen Fay FCA explains how property investors who have a company can get tax relief on their life insurance costs. Continue Reading »
Property investment is a tried and tested asset class with which to generate long-term wealth – but few investors 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 …
Specialist property accountant Stephen Fay ACA considers how property investors can become wealthy by investing wisely in residential property. Continue Reading »
Autumn is upon us, and for many investors this means turning their attention to their annual property and accounts and tax returns. It’s a job that no-one enjoys dealing with, and human nature to leave to the last minute – but there are huge benefits to completing this property task earlier rather than later.
Specialist property accountant Stephen Fay FCA looks at why procrastinating can cause problems. Continue Reading »