Welcome to the pin Berkshire Meeting property networking event.
Hosted by on the 3rd Monday of every month at the Holiday Inn Maidenhead. Attendees can expect first class speakers and great networking opportunities.
Our journey into the world of Commercial Conversions. If we can do it, so can you - Chris Hamilton & Aska Buzowicz
Chris & Aska's experience is that commercial conversions are often misunderstood. It is a common understanding that only ‘the big boys’ can play in this gladiatorial arena. During their presentation, they will share their journey which demonstrate that what they are doing can be achieved by anyone else who really wants to be part of this so called specialised market.
They shall also discuss;
What is a commercial conversion
Where/how to source these buildings
Some examples of our projects
How to evaluate the commercial aspects
Funding the deals
The up’s and the downs
ALSO...Incorporating without refinancing and other taxation strategies - Mark Smith
Are you a hands-on landlord looking to counter the effects of loss of finance cost relief?
Do you want to get your business into a company structure without having to refinance your current lending?
Do you want to pass on as much of your business as you can whilst minimising the effects of IHT?
Do you want to maximise your personal tax allowances?
If you are a property rental business, working 20 hours or more in an average week, and sharing income and expenses in common with another (eg spouse) then you could well be eligible for incorporation into a limited company, without having to refinance your current lending and with rollover relief on capital gains and exemptions from Stamp Duty. This would give your business full relief from finance costs, as well as a whole range of other opportunities for equity release, income maximisation and succession planning.
Mark Smith is a barrister well-known in the private rented sector. He led the legal team that recovered £27million of unlawfully charged mortgage interest from West Bromwich Building Society in 2016 on behalf of 6200 landlords (Mark Alexander v West Bromwich).
In association with Property118, he has designed robust strategies to allow rental businesses to incorporate without refinancing, and over 100 businesses have successfully done so to date from the introduction of the BICT in November 2015.
