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Will the next two years see the death of the accidental landlord?
We know of landlords who despite housing hundreds of families, employing numerous staff, and paying tax like everybody else, are being forced out of business simply by the tax escalator effect. In other words, as their tax bills rise, the more tax they have to pay in advance, to the point where in 2020/21 the tax due will exceed their profit.
Out of the frying pan and into the Fire! (an article on incorporation)
A simple Google search will reveal that landlords are being told that the only answer is to incorporate, i.e. move their property portfolio into a limited company.
In this article, Tony Gimple discusses 21 reasons why incorporation could end up being the most expensive 'business' decision you ever make
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