Berkshire March 2021 Meeting 

Landlord Tax Planning 2021 - 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.

ALSO.... Property Auctions - What do you really know ? Richard Worrall 

Richard is a property auctioneer, with over 30 years’ experience of acting for clients in the property market. He holds regular sales at The Westbury Hotel, Mayfair, London, as well as bespoke property auctions throughout the UK. He was runner up in the NAVA Auctioneer of the Year 2010.

Richard will give us a brief (and hopefully amusing) whistle-stop tour of auctions from the 500 BC to the present day and then he will open up to answering your questions regarding buying and selling at auction. So come armed with those all important questions that you have always wanted to know about buying and selling property “under the gavel”!