From all at Less Tax 4 Landlords
Welcome to our final and festive newsletter of 2020.
It was the year we stayed home – the year no one could have ever predicted.
And we were reminded once again that for businesses, including property businesses – cash is king – and to remain competitive we need to be flexible and act fast, stay focussed on our top priorities, explore all possible solutions, and perhaps most importantly – keep connected with each other.
We’ll now be taking a little break over the holiday season and our Horsham & London offices will be closed from 12:00pm today Wednesday 23rd December, reopening at 9am Monday 4th January.
During this time we will be prioritising ongoing client work only, though do feel free to write to firstname.lastname@example.org with any queries as they come to you and we’ll be in touch in the New Year if not before.
Lastly please allow us to take this opportunity to thank you for being a valued LT4L News subscriber in what has been an unprecedented year, and to wish you and yours all the best for the holiday season and a very happy new year.
Hopefully, you’ll find a moment to relax yourself and have a quick read of our new LT4L email newsletter below.
The Less Tax 4 Landlords Team
Inside Issue #11
- LT4L celebrate win at Property Reporter Awards
- Our most recent blog post “It’s Too Late for 2021 – How to Make 2022 Your Best Year Yet”
- The process of working with LT4L – What to expect from our assessment
- LT4L Live Webinar on Jan 28th – Details of how to register
- Quick Guide Videos on Section 24 – Taken from a webinar earlier this year
Articles & Blogs
Tax Truths Q&A -Tracey Hanbury interviews LT4L Co-Founder Chris Bailey [Video + Transcript]
On 3rd November 2020 Chris Bailey, Chartered Accountant, was interviewed by Tracey Hanbury of Landlord Investment Show on some of the information (and misinformation) in the marketplace, discussing, in particular, HMRC and Hybrid Business Structures.
Capital Gains Tax Review – Policy or Speculation?
You’ve probably already heard by now, the Office of Tax Simplification (OTS) has, among other things, called for consideration that Capital Gains Tax rates be increased to match income tax rates.
It’s Too Late for 2021 – How to Make 2022 Your Best Year Yet
2020 has not been an easy year for landlords and with the self-assessment deadline just around the corner, 2021 is not looking any better either – at least from a cashflow perspective.
It’s possible that we can help turn 2022 – a year that is highly likely to be your worst projected year for cashflow, into your best year yet. You can get in touch by taking a free initial assessment. Or you can read more in our blog below.
Video snippets taken from a webinar delivered earlier this year, Co-Founder and Group Director Malcolm Rose gives us 3 back-to-back videos as part of our Quick Guide to Section 24.
What is Section 24? (3 min)
In this video you’ll get a brief synopsis of when Section 24 was introduced, why it is was introduced, the impact it’s had on the BTL market, what is classed as finance costs when working out your property profits and how the relief has been staggered over 4 years up until 6th April 2020 when the mortgage interest relief was removed completely.
How Section 24 Might Be Hurting Your Property Business (5 min)
This video provides a brief synopsis of all the different reasons why Section 24 might be hurting your property business. These include increases in tax bills, cash flow problems, poor decision making, selling properties and much more.
How to Work Out if Your Portfolio is Impacted by Section 24 (8 min)
You should watch this video if you want to work out the full impact of Section 24 on your property business over time. Using a working example, Malcolm explains the full impact on your finances and in what circumstances you really need to take action.
Coronavirus Support & General Tax Tips – Chris Bailey Video Playlist
This playlist of 18 videos covers everything from generic tax tips for businesses to coronavirus government grants and support packages – all of which are delivered in Chris’ signature no-nonsense approach!
LIVE Q&A Event
Hybrid Business Models for Portfolio Landlords
Watch this webinar if you:
1) Own rental property in your own name(s) and are paying higher rates of tax on property income
2) Are forecasting a Section 24 tax problem either now or in the near future.
3) Simply want to understand more about the options available to professional landlords and successful property investors
Register now to watch an LT4L Webinar Replay
Co-Founders Chris and Malcolm talk about Mixed Partnerships and Hybrid Business Models, how they work, and why it could be the best option for your business. They also discussed:-
• Capital Gains Tax and the speculation surrounding recent announcements
• What to consider when comparing our service to that of other property specialist and/or mixed partnership advisers (and why we think we’ll offer the best value for your business – or when we won’t!)
The Process of Working with LT4L
What can I expect when I complete an assessment?
And what happens after I book in for a business structure consultation?
To help answer these two questions we’ve pulled together videos that will help you understand the process and what is involved in becoming a client and joining the LT4L Client Community.