Should I buy property through a pension?
April 9, 2019
If you already own or are looking to buy commercial property then you should consider it.Residential property cannot be held in a pension so if that's all your investing in then the rest of this article will be irrelevant.Most people when they think about 'pensions', the big...
Can I claim back VAT on property?
March 26, 2019
The default position is that the activity of renting out a building is considered an 'exempt supply' for VAT purposes. This means that VAT doesn't have to be charged on rents but conversely, VAT cannot be reclaimed on expenses incurred.As far as residential lettings are conc...
Can I avoid the 3% stamp duty surcharge?
March 26, 2019
A purchase of a second residential property is now subject to a 3% stamp duty surcharge. That is the case whether you buy in your own name OR even via a company you own.Is there any way round this?
Unfortunately not for single buy to let investments. However, there are...
Do I need an in house Finance Team?
March 26, 2019
There comes a point in the stage and growth of a business where you think you might need to recruit additional finance staff. Or does there?
Technology has massively changed the way financials and accounting are now maintained. Dedicated roles of accounts payable, credit con...
What is an SPV?
February 28, 2019
If you're in the property world either looking to invest in a project or involved in developing properties for a profit, then you've probably come across the term 'SPV'.SPV stands for 'Special Purpose Vehicle'. When used in the context of a property deal it essentially is a ...
Should I transfer my properties to a Ltd Company?
February 28, 2019
If you own buy to let properties, chances are you've heard that it might be beneficial to transfer them to a limited company.
When is this appropriate? One of the main reasons why ownership of buy to let properties is more tax efficient via a company these days is due t...
What expenses can I claim on my buy to let properties?
November 26, 2018
In a nutshell, any expenses that are wholly and exclusively incurred for running your property business, as it were, are deductible against your rental income. The obvious ones you are probably claiming already - such as mortgage interest, maintenance / repair bills and...
Should I buy a property through a company?
October 10, 2018
The last few years we have witnessed an unprecedented wave of legislation against buy to let landlords. First there was the 3% rise in stamp duty for second or more properties. Then there was the removal of tax relief on interest payments for higher rate taxpayers. If t...
The most powerful lever in the profit equation
September 25, 2018
You can’t manage profit. Profit is simply an end result. It’s the end result of a series of processes.It’s the business model.Numbers drive that business model. When you fully understand your business model and how the numbers work you will be able manag...
Why do businesses fail?
September 25, 2018
There are many reasons why businesses struggle, and in some cases, ultimately fail. It happens for both Start Up businesses and established businesses. Here are some of the common causes.
Starting out in business
According to research more than half of new businesses don’t...
Loading...
TAGS
TaxpropertyBusinessCloudNational InsurancepropertiesVATAccountantallowanceBookkeepingbuy to letcarchildrenEstatesexpensefinancegrowHome ExpensesInheritance TaxlandlordsleaseMaking Tax DigitalmileageMotoringoption to taxpensionportfoliopricingProfitprofit sharingrentalsavingSelf AssessmentSPVStamp dutyStart upsuccessSurchargeSystemsTax EfficiencyTOGCtrustunderstands
Loading...