We recently hosted the latest Landlord seminar at which Mr. Chris Bailey who presented on the topic of
Capital Allowances. Yawn right? Well NO actually, the attendees were without exception
variously interested, angry and engaged.
Interested because the apparently dull topic allowed many of them to
claim substantial tax benefits. Angry
because their own accountants or solicitors had failed to advise them about
this opportunity. And, engaged because
of Chris’s offer to do a no-obligation estimate of the opportunity for them to
claim these allowances. Chris’s team
have made over 3000 claims and each one has been successful apparently.
This is particularly of relevance to anyone who has HMO
properties or any property let to 2 or more people who make up 2 or more family
units e.g. a 2 bedroom apartment let to two unrelated nurses who work at the JR
hospital for example.
If any reader is interested in exploring whether this might
be of relevance to them, then please give me a call and we can chat it through
and I can make a referral to Chris where there might be an opportunity.
Chris went on in the second half of the seminar to outline
what he called a ‘hybrid ownership structure’ for rental properties which
enabled landlords to offset the adverse
financial effects of the wind-down of mortgage interest rate relief and reduce
exposure to inheritance tax. The
structure combined the benefits of a limited liability partnership and a
limited company.
At face value, this seems
too good to be true, but Chris stated that he has set up the structure at least 300 times now and assured the audience it
was tested with and approved by HMRC.
Anyone who might be interested in a referral to Chris on the
hybrid structure, please let me know.
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