For more tips and money-making ideas see Master Your Money the S.M.A.R.TWay training. Check it out for free - https://bit.ly/3isugCr.
Landlords with more than three properties held in their personal name, or paying higher rate tax, should consider moving their property into a limited company to save tax.
Using a company structure can also help you pass property onto children while mitigating the inheritance tax burden.
Watch video versionon my YouTube channel - https://youtu.be/mtGq7WaVxLA
It has been 5 years since George Osborne introduced his Sec 24 tax changes, penalising millions of buy-to-let landlords, but you can do something to legally avoid the ‘Osborne gut punch’.
The process is complex, legal and requires specialist advice. Landlords will incur fees, but the savings more than outweigh the costs.
With the right advice you can legally create a tax-free pot of money!
If you are a landlordor property investor with three or more properties in your own name and would like to save tax email or message me.
Learn why 85,000 Buy-to-Let Landlords Quit Property Rental Market - https://youtu.be/NME3nEu8dAQ
Personal Debt Soaring Citizens Advice warns
Half Citizens Advice clients are falling behind with debt payments and budget.
See: 10 Tips To Avoid Christmas Debt - https://youtu.be/n7vSK5LlONU
The debt charity StepChange reports that the cost of living as their main reason for debt, and seven in 10 of them are women.
The credit report company Clearscore reports data which shows a 7.1% increase in the use of expensive overdrafts since 2021.
National Energy Action expects the number of UK households in fuel poverty to increase from 4.5 million last October to 8.4 million in April.
If you are struggling with debt there is help available through charities like Citizens Advice and Stepchange: See - https://www.stepchange.org
You may also be able to reduce debt repayments or even write off all or most of your debts with the right professional advice. Email or message me.
Recessions create opportunities to make money and build a fortune if you have the correct mindset.
For more ideas and tips, see out my new training to help you get control of your finances in 28 days!
Click to join: https://bit.ly/3isugCr
#freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #costofliving #goals #houseprices #property #getcontroloffinances #money #halifax #housingmarket #interestrates #inflation #tax #section24 #buytoletlandlrd #propertyinvestor
Leasehold Reform Bill Update
Renters and Leasehold Reform Bills Could Fall as UK July General Election Announced by Rishi Sunak
Renters and Leasehold Reform Bills Could Fall as UK July General Election Announced by Rishi Sunak
Leasehold Property SCAM: The Biggest Housing Scandal in UK History?
Leasehold Scandal: The Biggest Property Scam in UK History?
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