Should you move your rental properties into a limited company?

Your portfolio of rental properties could be easier to manage through a limited company. Here are five reasons why getting incorporated makes good business sense. #rental #property #limitedcompany When you first start out building a property portfolio, you may decide to purchase each property in your own name. While this keeps things simple, there are some distinct advantages...

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Mortgage interest tax relief for landlords is being phased out

Landlords used to be able to deduct 100% of their mortgage interest tax relief when calculating taxable profit.  In April 2017 this was reduced to 75%. From 6 April 2018, landlords will only be able to offset 50% of their mortgage interest against profits.  This will continue to decrease until the relief is phased out entirely by 2020....

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When to declare your rental income

There are many people who become “accidental landlords” and don’t realise that they should be declaring their rental income. HMRC’s Let Property Campaign has the following examples whereby this might be the case: Moving in together  Sarah moved into her partner’s flat several years ago, and decided to rent out her own property rather than sell it.  Sarah...

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