Tax planning for landlords and property investors
Posted on 10th May 2018 at 16:34
Helen Beaumont from Essendon Tax Consultancy will be sharing her expertise with local landlords and property developers at this month’s Northamptonshire Property Social on Monday 21 May at the Cheyne Walk Club in Northampton.
Helen is a highly experienced and qualified Chartered Tax Advisor. She will be talking about the tax implications of buying properties as a limited company or transferring existing properties to a limited company.
Helen discovered her passion for all things tax related while she was training to be a Chartered Accountant and founded Essendon in 2014.
She says: “I help my clients solve their tax problems, whatever they may be. I advise them based on their individual circumstances; there isn’t a single solution that will suit everyone when it comes to tax.”
Company incorporation involves creating a separate, legal body. For property investors and landlords, the benefits of working through a limited company can include having legal separation between shareholders, running separate accounts and being able to retain profits within the company.
Tax changes that took effect in April 2017 mean that there could be a strong tax case for buying property through a company, if the plan is to borrow to invest. Companies also pay a lower tax rate than individuals, so this could be another advantage of using a company.
If the business plan is long-term, then profits after tax can be retained in the company to pay the owners an income on retirement, helping to minimise their annual tax liability.
A company can also provide flexibility if passing on assets to future generations is an important consideration. Shares in the company can be gifted, rather than part of the value of a property.
If you’re interested in sharing some of Helen’s tax wisdom and would like to meet other property professionals in the Northamptonshire area please contact Amber Properties on 01604 644 449. Alternatively, you can book online at: https://www.eventbrite.co.uk/e/northamptonshire-property-social-tickets-45298326514
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