Welcome to our latest edition of LT4L news, where we look at the latest tax issues as well as what happened at the LLAS/ATLAS PRS Conference. We also have more information on upcoming events including our private event for landlords.
Inside Issue #03
- Tony Gimple and Paul Shamplina (Landlord Action) discussing the latest tax issues with Eddie Hooker on the Hamilton Fraser Podcast
- Chris Bailey talks to BBC Radio 4 about Making Tax Digital
- How to tune in to Portfolio Landlord Week this week on PropertyTribes.com
- A selection of Property Question Time Videos covering subjects that matter to landlords and portfolio landlords
- What happened (and who picked up awards) at the LLAS/ATLAS PRS Conference in London
- More podcasts, articles and upcoming events, including our private event for landlords reviewing their portfolio with us
Portfolio Landlord Week
We’re pleased to be supporting Portfolio Landlord Week on the property discussion forum PropertyTribes.com
The gap is widening between small landlords (3 or less properties) and portfolio landlords (4 or more properties) in many areas including tax, finance, and mindset.
Property Tribes will be presenting a week of content exploring these issues, starting today.
Tune in at PropertyTribes.com
Decoding Property Tax in 2019
Tony made his first appearance on the Hamilton Fraser Property Podcast back in 2017, since when there have been a number of changes within the property industry.
Invited back by Hamilton Fraser CEO Eddie Hooker and Paul Shamplina of Landlord Action, they ask the question, what does property tax look like in 2019?
Tony, Eddie and Paul discuss everything from business planning to the types of taxes landlords pay and section 24 – what does this mean for landlords, the best status for a landlord to set up their portfolio, HMRC guidelines and practice, and they also cover landlord expenses.
In this episode, Eddie and Paul mix things up by asking Tony the question… If you could make one new property-related law, what would it be? Find out here!
Recent News
LT4L Co-Founder Chris Bailey featured on BBC Radio 4 The Money Box programme!
On the 1st of April this year, the UK Government introduced a major change to the tax system. Making Tax Digital is initially compulsory for VAT registered businesses with an annual turnover of over £85,000.
Louise Cooper talks to Chris about how he and his team at the Bailey Group have come up with an innovative idea to help small businesses. Listen here
Less Tax 4 Landlords nominated for Best Landlord Service Provider of 2019.
Find out what happened at the LLAS/ATLAS Awards ceremony including all the winners here
Tax and Estate Planning Podcast
Less Tax 4 Landlords Founding Director, Tony Gimple recorded an episode of The Return Podcast about ‘Tax and Estate Planning for Landlords’, with Anna Clare Harper.
They discussed how recent tax changes have impacted property investors and why there are still great opportunities to be had.
Featured Events
Private event for clients & portfolio landlords reviewing their property business with us- Wednesday 22nd May 2019
Looking at Hybrid Business Models as the best long-term option for your property business. Limited availability, by invitation only.
‘The Future of the UK Housing Market’ Panel Debate 13th June
Panel Debate chaired by Andrew Neil and featuring special guests and industry experts (tbc). The debate will be on the “Future of the UK housing market”.
Landlord Investment Show- 13th June
Less Tax 4 Landlords will once again be exhibiting and speaking on Thursday 13th June at the Landlord Investment Show Olympia London. Watch the video to see what to expect.
LLAS & ATLAS Summer BBQ & Networking- Friday 15 July 2016
Set in the beautiful gardens of the TAJ Hotel, Westminster, LT4L in partnership with LLAS/ATLAS invite you to the annual LLAS & ATLAS summer BBQ networking event.
We’ll be speaking at the event so come along to meet and chat with us along with other professionals.
For details click here
Questions for Tony in this episode include:
1) I purchased a property a long time ago before I met my husband and I still have this property in my own name. I now have an interest-only BTL mortgage on it. I’m a 40% taxpayer and my partner is a 20% taxpayer. What options I have, specifically about tenants in common with my husband.
2) Self-assessment tax returns on rental properties are very complex. Are the costs of getting a property ready for renting tax-deductible allowances?
Questions for Tony in this episode include:
1) Is releasing money from equity more difficult due to the new Prudential Regulation Authority guidelines. What can I do to get around this?
2) Is government policy trying to drive out accidental landlords?
Questions for Tony in this episode include:
1) I want to run my business from home, can I claim household repairs on my tax return?
2) I have recently moved into a Private Rented house for the first time and my landlord is also a first time landlord. I’m claiming housing benefit and my landlord asked me to find out if he has to pay tax on my rent?
Event Summary- Dates for your diary
May
Wednesday 22nd- Our Private Seminar Event for Portfolio Landlords
July
- Tuesday 2nd – Our Private Seminar Event for Portfolio Landlords
- Monday 8th – JTrade Expo (Britain’s only Jewish trade expo)
June
- Thursday 13th – Government Panel Debate
- Thursday 13th – National Landlord Investment Show
August
- Friday 30th – LT4L Private Client BBQ
Question of the Month & Publications
How do I know that you’re not charging me for something I don’t need?
We will only take you on as a client if we should, not simply because we can. In real terms that means portfolio landlords who will see a return on their investment (our total professional fees) within an agreed timeframe, are already higher or advanced rate taxpayers, are about to become so because of S24 etc., or for such other business reasons that we agree between us.
Have a question you’d like answered?
Recent Articles & Publications we’ve been featured in:
– Mail Online
– Property 118
– Huffington Post
– LI Magazine 44th edition
– LI Magazine 43rd edition
What our clients say…
“Less Tax 4 Landlords have been excellent in helping me restructure my property business in a more tax-efficient way and providing advice on possible future directions for growth and development, not to mention proper succession planning for the future. Certainly, they are keenly interested in helping landlords grow and develop their portfolios, being property landlords themselves. Without their dedication and diligence, all the new legislation designed to shut down small landlords in favour of big corporate operations would have stopped me in my tracks and put a bunch of struggling young professionals out of a home. Having all their expertise on call, is most reassuring, giving me confidence that I’ll weather whatever the government throws at us. .Thanks Guys, your effort is much appreciated.”
BW
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