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UK Buy-To-Let Property Tax Planning In Less Than 60 Minutes!
Rating: 4.3 out of 5(4 ratings)
28 students

UK Buy-To-Let Property Tax Planning In Less Than 60 Minutes!

Learn essential UK buy-to-let tax planning techniques
Created byLFF Academy
Last updated 7/2023
English
English [Auto],

What you'll learn

  • Distinguish between trading and investing and why the difference is important.
  • Taxation for individual landlords. Applicable taxes, allowable expenses, pre-letting expenditure.
  • Taxation for Limited Companies and the advantages of using a company. Applicable taxes, allowable expenses, pre-letting expenditure.
  • Learn how to calculate the new marginal relief for Limited Companies.
  • Setting up a Property Management Company to optimise the tax benefits.
  • Learn how to reduce Capital Gains Tax (CGT) with Principal Private Residence Relief (PPR).
  • Learn how to reduce Capital Gains Tax (CGT) and Inheritance Tax (IHT) by raising debt on the property.
  • Learn about the benefits of joint ownership and Business Asset Disposal Relief (BADR).
  • Interest relief strategies for individual landlords.
  • Factors to bear in mind when considering ownership structures.
  • Learn how you can defer Capital Gains Tax (CGT) by using Venture Capital Schemes.
  • How to avoid property fraud.

Course content

1 section • 12 lectures • 40m total length

  • Introduction1:34

    Introduction

  • Taxation for individual landlords5:19

    Explore how individual landlords compute rental income, apply income tax and capital gains tax, and claim allowable expenses on a cash or accrual basis under UK buy-to-let rules.

  • Interest relief for individual landlords3:26

    Explain the phased mortgage interest relief for landlords, the 20% deduction on finance costs, and how deductions no longer come directly from property income, affecting tax liability and child benefit.

  • Trading or investing? Why is the distinction important?1:11
  • Factors to bear in mind when considering ownership structures7:31

    Compare ownership structures for UK buy-to-let investors by weighing tax implications, such as capital gains, stamp duty, and finance cost relief, and assess incorporation relief versus personal ownership.

  • Taxation and the advantages of using a Limited Company10:37

    Explore how buy-to-let limited companies pay corporation tax, leveraging marginal relief and thresholds, and understand allowable expenses, limited liability, and the benefits of subsidiaries for tax planning.

  • Setting up a property management company to reduce tax2:39

    Explore how a property management company can lower tax for landlords in higher or additional tax brackets, through corporation tax advantages, while outlining arm's length transactions, and dividend tax considerations.

  • Reduce CGT with PPR relief1:22
  • Reducing CGT and IHT by raising debt on the property0:33

    Raise debt on the property and gift it to children to reduce inheritance tax. Cash gifts are exempt transfers after seven years, with no CGT and you keep the property.

  • How to defer CGT charges0:57

    Learn how to defer capital gains using venture capital schemes, with landlords directly acquiring shares and meeting scheme conditions; SEIS defers 50% and 3-year retention can eliminate tax.

  • Joint ownership and BADR4:16

    Explore joint ownership and property transfers, including form 17 declarations to reallocate income, and understand business asset disposal relief, its 10% rate up to £1 million, and trading-business conditions.

  • How to avoid property fraud1:15

Requirements

  • No experience required.

Description

The "UK Buy-To-Let Property Tax Planning In Less Than 60 Minutes" course is designed to provide individuals with comprehensive knowledge and practical strategies for effectively managing tax planning in the UK buy-to-let property market.

Discover the crucial difference between trading and investing in the property market and learn why this differentiation is essential for tax planning purposes. Explore the key factors to keep in mind when evaluating various ownership structures for buy-to-let properties, taking into account their implications on taxation and overall financial planning. Gain insights into the specific taxation rules and available interest relief strategies tailored for individual landlords, enabling you to optimize your tax position while maximizing profits. Understand the tax advantages associated with utilizing a Limited Company structure for your buy-to-let property investments, including potential tax savings and other financial benefits. Learn effective techniques and best practices to safeguard your property investments against fraudulent activities, ensuring a secure and trustworthy environment for your business. Discover practical methods to defer and reduce CGT and IHT liabilities when selling properties or transferring assets, optimizing your tax position while preserving wealth for future generations. Understand the benefits of joint ownership arrangements for tax optimization purposes, including how to leverage BADR to reduce tax liabilities when disposing of business assets. Learn the process of establishing a property management company and explore the associated tax benefits and advantages it offers, enabling you to maximize tax efficiency and streamline operations.

Join this course to acquire expert knowledge and practical skills in buy-to-let property tax planning, empowering you to make informed decisions, reduce tax burdens, and optimize the financial returns from your property investments.


Who this course is for:

  • Property investors
  • Accountants
  • Anyone wanting to learn about property investment tax planning strategies

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