Financial Mapping
Embarking on your property investment journey requires more than just financial acumen; it demands strategic planning and the guidance of a knowledgeable accountant who can play a pivotal role in shaping your property portfolio success.
Whether you’re considering the intricacies of a House in Multiple Occupation (HMO), Holiday Let’s or exploring standard Assured Shorthold Tenancies (ASTs), accountants can provide invaluable insights from distinguishing between maintenance and capital expenditure to navigating the decision between personal name buy-to-lets and Special Purpose Vehicle (SPV) buy-to-lets.
Tax Planning
Adept accountants have expertise that covers a spectrum of considerations, including long-term and structural planning. They can assist with decisions such as purchasing properties within Self-Invested Personal Pensions (SIPPs) or Small Self-Administered Schemes (SASSs) for commercial ventures or various types of land development deals respectively.
In pursuit of tax efficiency and streamlined lending, accountants may recommend holding company structures that own specific SPVs catering to distinct property types, such as residential, commercial, and development projects. This not only simplifies lending processes but also facilitates strategic tax planning. For instance, you may enjoy the flexibility of moving a property from one SPV to another within a group without needing to pay stamp duty, and holding companies may also strategically charge to reduce potential tax liabilities.
Important Disclosure
While we strive to offer valuable insights, it’s crucial to note that we are not accountants, and the options mentioned should not be considered advice. Although diverse structures are available, be cautious of overly adventurous schemes, as HMRC can request tax retrospectively. For professional advice tailored to your circumstances, consult a qualified accountant, also consider that tax laws are subject to change, and what may be efficient today could evolve in the future.
Our commitment is to your financial well-being, and our network ensures access to sound advi.
Contact Us
We`re here to support you.
At the Mortgage Collective you will get a dedicated adviser that is CeMAP qualified who will help you throughout the entire process. They will take time to understand your circumstances and provide advice that right for you.
0203 923 9333
brokers@mortgagecollective.co.uk
