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Learn to earn more…
2015 Budget Announcement
Budget Announcement
Withholding
CGT
Mortgage
Interest
Relief Cap
Corporate
Tax
Increase
SDLT
Develop your knowledge and tu...
Make more money & pay less
tax on your property portfolio
o Mortgage tax relief set to a maximum of 20% (from
2017)
o Jane...
Make more money & pay less
tax on your property portfolio
oJane is a high rate tax payer (employed)
o£12,000 income
o£8,00...
Budget Announcement
Withholding
CGT
Mortgage
Interest
Relief Cap
Corporate
Tax
Increase
SDLT
Develop your knowledge and tu...
3% Additional SDLT
Develop your knowledge and turn your passion into profits.
3% Additional SDLT
Develop your knowledge and turn your passion into profits.
oHouse purchased above £40,000 must pay 3% S...
Budget Announcement
Withholding
CGT
Mortgage
Interest
Relief Cap
Corporate
Tax
Increase
SDLT
Develop your knowledge and tu...
10% wear & tear on furniture
oMust be fully furnished
o Beds
o Furniture
o Curtains
o White goods
o Sofa, chairs, tables
o...
Example: 10% wear & tear on furniture
o£12,500 rental income
o(£8,000) mortgage interest
o(£1,500) property management fee...
Budget Announcement
Withholding
CGT
Mortgage
Interest
Relief Cap
Corporate
Tax
Increase
SDLT
Develop your knowledge and tu...
People with limited companies
o Corporation tax rate reduction to 18%
Develop your knowledge and turn your passion into pr...
People with limited companies
Now 2017 2020
20% 19% 18%
• Corporation tax rates
Develop your knowledge and turn your passi...
People with limited companies
Now 2017 2020
Profits £100,000 £100,000 £100,000
Tax Rate 20% 19% 18%
Tax £20,000 £19,000 £1...
Budget Announcement
Withholding
CGT
Mortgage
Interest
Relief Cap
Corporate
Tax
Increase
SDLT
Develop your knowledge and tu...
Withholding CGT
Develop your knowledge and turn your passion into profits.
Withholding CGT
Develop your knowledge and turn your passion into profits.
Tax remedy pills
Allowable costs + 3Rs
Develop your knowledge and turn your passion into profits.
How will the budget announcement affect you?
How will the budget announcement affect you?
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How will the budget announcement affect you?

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Are you worried about the budget announcement?

Free Webinar on how the budget will affect you: https://www.eventbrite.co.uk/myevent?eid=19538672696

Are you concerned that you will be paying a lot more tax?

The problem

There is so much information about the budget announcement. You can see all sorts of assumptions about the budget and how it may affect you as a property investor in newspapers, on the TV, on social media forums and of course your peers.

People are now predicting what will happen beyond the budget changes. What will the consequences be on basic rate tax payers, limited companies, pensioners, full time property investors etc etc.

The issue with all this information is that it can become overwhelming and the truth is not as exciting news as the gory details that people like to guess and hypothesise.

This may be interesting to talk about but all this information can lead to confusion and overwhelm.

Can you relate to the above?


If you have answered yes to these questions then this event will be worth attending


A real life client example

For the purpose of this article we are going to name my client John to protect their identify.

John is a high rate tax payer and he has heard many stories through social media and some of his networking buddies that George Osborne is no longer going to allow property investors to offset mortgage interest against their property income.

Not only this but apparently they are not going to allow the associated costs of letting the property (property management fees). John looks at this information, without doing any further research and puts his houses up for sale in fear what might happen in the future.

If only John looked at the facts of how the budget announcement could affect him. Armed with the facts rather than guesswork John may have formulated a plan to reduce his tax liability and turn the budget announcement into an opportunity.

Have you heard other property investors that base their decisions on irrational thoughts of others? Do you think it would have been better for John to listen to the facts first before making a decision?


Next steps:

If you wanted to understand how to implement this strategy then join us on this event to see the facts about the budget announcement to see how it will affect you

Free Webinar on how the budget will affect you: https://www.eventbrite.co.uk/myevent?eid=19538672696

Publicado en: Educación
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How will the budget announcement affect you?

  1. 1. Learn to earn more… 2015 Budget Announcement
  2. 2. Budget Announcement Withholding CGT Mortgage Interest Relief Cap Corporate Tax Increase SDLT Develop your knowledge and turn your passion into profits. Wear & Tear Allowance
  3. 3. Make more money & pay less tax on your property portfolio o Mortgage tax relief set to a maximum of 20% (from 2017) o Jane is a high rate tax payer (employed) o £12,000 income o £8,000 Mortgage interest o £4,500 repairs costs o £1,000 property management fees o (£1,500) loss per year (higher if repayment mortgage) High rate tax payers – 40% / 45% Develop your knowledge and turn your passion into profits.
  4. 4. Make more money & pay less tax on your property portfolio oJane is a high rate tax payer (employed) o£12,000 income o£8,000 Mortgage interest o£4,500 repairs costs o£1,000 property management fees o(£1,500) loss per year o£4,000 add back 20% interest limit o£2,500 taxable profit (taxed at 40%) o£1,000 tax to pay despite Jane making £1,500 loss High rate tax payers – 40% / 45% Develop your knowledge and turn your passion into profits.
  5. 5. Budget Announcement Withholding CGT Mortgage Interest Relief Cap Corporate Tax Increase SDLT Develop your knowledge and turn your passion into profits. Wear & Tear Allowance
  6. 6. 3% Additional SDLT Develop your knowledge and turn your passion into profits.
  7. 7. 3% Additional SDLT Develop your knowledge and turn your passion into profits. oHouse purchased above £40,000 must pay 3% SDLT oHouse purchase at £150,000 o 2% SDLT for most people o 5% for people buying buy to lets
  8. 8. Budget Announcement Withholding CGT Mortgage Interest Relief Cap Corporate Tax Increase SDLT Develop your knowledge and turn your passion into profits. Wear & Tear Allowance
  9. 9. 10% wear & tear on furniture oMust be fully furnished o Beds o Furniture o Curtains o White goods o Sofa, chairs, tables o Cabinets and cupboards Removed from April 2016 Develop your knowledge and turn your passion into profits.
  10. 10. Example: 10% wear & tear on furniture o£12,500 rental income o(£8,000) mortgage interest o(£1,500) property management fees o(£2,200) Repair costs o£800 profit o(£1,250) 10% wear & Tear allowance o£450 loss o£0 tax Develop your knowledge and turn your passion into profits.
  11. 11. Budget Announcement Withholding CGT Mortgage Interest Relief Cap Corporate Tax Increase SDLT Develop your knowledge and turn your passion into profits. Wear & Tear Allowance
  12. 12. People with limited companies o Corporation tax rate reduction to 18% Develop your knowledge and turn your passion into profits.
  13. 13. People with limited companies Now 2017 2020 20% 19% 18% • Corporation tax rates Develop your knowledge and turn your passion into profits.
  14. 14. People with limited companies Now 2017 2020 Profits £100,000 £100,000 £100,000 Tax Rate 20% 19% 18% Tax £20,000 £19,000 £18,000 o Example £100,000 profit (20% same as personal tax rate) Develop your knowledge and turn your passion into profits.
  15. 15. Budget Announcement Withholding CGT Mortgage Interest Relief Cap Corporate Tax Increase SDLT Develop your knowledge and turn your passion into profits. Wear & Tear Allowance
  16. 16. Withholding CGT Develop your knowledge and turn your passion into profits.
  17. 17. Withholding CGT Develop your knowledge and turn your passion into profits.
  18. 18. Tax remedy pills Allowable costs + 3Rs Develop your knowledge and turn your passion into profits.

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