Hamptons reports that 46,449 companies have been set up to hold buy-to-let property in Great Britain between January and September, a 23% increase on the same period last year.
Landlords who use limited company structures are incorporating a much larger proportion of their portfolios to mitigate tax changes.
Changes to income and Capital Gains Tax (CGT) that came in over the weekend could mean reduced investment in the PRS and insurance premiums, warns an insurance expert.
A record 50,004 limited BTL companies were set up last year, driven by landlords looking to shelter themselves from higher interest rates.
As much as £100 million in tax avoidance could have disappeared before taxation expert Dan Neidle of Tax Policy Associates (TPA) “blew the whistle” on the schemes
This article discusses the implications for landlords of capital gains tax (CGT), a tax avoidance scheme and it sets out a brief summary of property tax rules.
