Saving Tax for Landlords: Should you restructure your business to be more tax-efficient in 2021?

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Was January your biggest ever payment to HMRC?

For many landlords this will have been the case – but not because they have earned more money.

Instead, this is driven by two crushing factors:

-Section 24 is pushing up landlord tax bills

-Delayed 2020 tax payments have become due

Unfortunately, it’s too late for tax-payments in 2021, but it’s never too late to become more tax efficient in general.

In this live webinar, Finance Director of Benham & Reeves Vidhur Mehra will be joined by co-founders of Less Tax 4 Landlords Malcolm Rose and Chris Bailey, who will show us why doing nothing could see your tax bills rise again in 2022.

For those impacted, 2021 could be a very good year to restructure your business.

Doing so could even make 2022 a year of minimum taxes, giving cash-strapped landlords a much-needed cash flow boost before returning to the ‘correct’ level of taxation in 2023.

In the webinar, Chris – a Chartered Accountant and landlord – will focus on one of the four main business options for landlords in the PRS: Mixed Partnerships.

An alternative to selling your property to your own limited company, we’ll see how they work, who they are for (and not for), how they compare to the alternatives and why it could be the best option for your business.

Malcolm will also pick up on some of the planning challenges in the market that might be holding landlords back from making vital decisions for their future.

It is recommended that you attend this webinar if:

-You own rental property in your own name(s) and are paying higher rates of tax on property income in the UK

-You are forecasting a Section 24 tax problem either now or soon

-You simply want to understand more about the options available to professional landlords and successful property investors.