NRLA & Less Tax 4 Landlords Webinar | Saving Tax: Should you restructure your business in 2021?
Was this year your biggest ever payment to HMRC? For many landlords this will have been the case – but not because they have earned more money. Instead, this is driven by two crushing factors:
- Section 24 is pushing up landlord tax bills
- Delayed 2020 tax payments have become due
Unfortunately, it’s all but too late for tax-payments in 2021, but it’s never too late to become more tax efficient in general.
On this live online seminar, co-founders of Less Tax 4 Landlords Malcolm Rose and Chris Bailey will also show us why doing nothing could see your tax bills rise again in 2022. For those impacted then, 2021 could be a very good year to restructure your business. Doing so could even make 2022 a year of minimum taxes, giving cash-strapped landlords a much-needed cash flow boost before returning to the ‘correct’ level of taxation in 2023.
On the webinar, Chris – a Chartered Accountant and landlord - will focus on one of the four main business options for landlords in the PRS: Mixed Partnerships. An alternative to selling your property to your own limited company, we’ll see how they work, who they are for (and not for), how they compare to the other options, and when it could be the best decision for your business.
He'll also look at the likely impact of Corporation Tax changes on limited company and mixed partnership structures.
Malcolm, reminding that your business is there to serve you and your family, will also pick up on some of the misconceptions in the market as well as the planning challenges that might be holding landlords back from making vital decisions for their future.
It is recommended that you watch this webinar if:
- You own rental property in your own name(s) and are paying higher rates of tax on property income
- You are forecasting a Section 24 tax problem either now or soon
- You simply want to understand more about the options available to professional landlords and successful property investors