Some landlords own their properties within a limited company – so, they own the company, and the company owns their properties. But why would a person operate in this way, and what are the benefits of doing so?
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Most readers of YPN magazine are well aware of the power of property to create wealth – whether it be renting, developing, letting, finding, or selling property – you name it, property has the potential to generate big money for those with the talent and work ethic.
But, once you have made your money, what do you do with it, and how do you protect it? Specialist property accountant Stephen Fay ACA offers a different perspective on property investing …
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Many property investors operate a property company, which of course means that company profits need to be taken out of the company to provide an income for the investor – but what is the best way to do this, and why does it matter? Specialist property accountant Stephen Fay ACA looks at how profits can be taken from a company tax-efficiently, and the benefits of using a property company generally.
Property investors walk a well-trodden path, and face common challenges and decision points along the way. It’s sometimes worth taking some time to consider the journey ahead, and where you are along it so far.
Specialist property accountant Stephen Fay ACA looks at the various stages along the property journey, and in particular the finance and tax-related decisions and key points that lie ahead.
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It may be the season of goodwill, but that doesn’t mean that the taxman shouldn’t have to chip in his share towards the festive season. Here is a selection of top tips for ensuring that you have a merry – but tax-efficient – Christmas…
Many property investors work together with other investors to pool funds and expertise and so enable them to do deals that they may not otherwise be able to. This article looks at the most common way for property developers (rather than landlords) to set up their affairs in the most tax-efficient way while also not entwining their personal and business finances too closely together (other alternatives may be more suitable for more permanent, or family, arrangements for example).
Most property investors start their investing career by operating in their own personal name. but what do you tell lenders, friends, family, tenants and ‘nosey parkers’ when they ask about your business structure? This article explains how to describe yourself, and operate day to day, if you operate your property business in your own personal name.
Property investing is a business that can be very financially rewarding – and often in my experience many property people dare not to ‘dream’ about how things might be if things do go to plan and those ‘back of the mind’ risks don’t actually materialise.
This article gives a ‘no-names’ brief summary of five of our clients who are making a real success of their property investing – and, unlike some of the stories you may hear on forums or at meetings, I can assure that these are absolutely true stories!
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Most investors operate their property business either as a ‘private landlord’ or as a company. In some cases, an llp (limited liability partnership) may prove to be a better, or additional, structure to use.
A typical property investor will show positive portfolio cashflow from day #1, yet have income tax losses that mean no income tax is due. How can this be? This article looks at the typical investor’s cashflow and tax position during the various stages of their portfolio lifecycle.