DiscoverPrivate Wealth PodcastIncorporating residential property
Incorporating residential property

Incorporating residential property

Update: 2024-06-27
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Could incorporating your residential property portfolio save you thousands in taxes? Join us for an eye-opening discussion as Leonora Stephens from Bristol and Mike Hodges from Manchester delve into the ins and outs of property incorporation. We tackle why high tax rates on rental profits and capital gains often push property owners toward this strategy and uncover the nuanced benefits like lower corporation tax rates and flexible income distribution. Listen as we break down essential reliefs, such as CGT relief on incorporation, and outline the critical criteria your portfolio must meet to qualify as a business.

But it's not all about taxes. We underscore the necessity of genuine commercial intentions when considering incorporation, highlighting how it can simplify inheritance planning and offer other strategic advantages. We don’t shy away from the complexities either, discussing the potential trade-offs and the meticulous tax modeling required to make this decision worthwhile. With recent CGT rate reductions in mind, we provide timely, practical advice for property business owners. Each scenario is unique, and we encourage you to reach out for personalized guidance to navigate these complex waters. Tune in for a comprehensive guide that could reshape your property investment strategy.

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Incorporating residential property

Incorporating residential property

Saffery