Great thinking and advice gents. Very true that accidental landlords are being deterred and professional landlords are investing and optimising. Reduced supply of rental property through Renters Rights Bill, interest costs and tax changes will only drive up rents on the remaining rental stock available.
It's useful at times like this to go back to fundamentals. People need houses. Not everyone can or wants to own. Yields might not be as good as they were overall, but there are still plenty of opportunities to get great returns.
…there will be no increases until the Rent Tribunal makes a decision, and they may decide “no increase for you”. Rent Tribunals will suppress rent increases
Thank you, Great video, simple and straightforward. The information here was based on rumors of the budget changes yet to be announced for Oct 2024. It would be super helpful if we could have a follow up video confirming what was declared in the actual budget since this video released and any follow up advice on that🙂
Could we have a look into how owning property in a Ltd company is beneficial in the sense that, if one sells the Ltd company with its assetts, this could have huge tax advantages
Great video. Guidance on how existing BTL portfolios can be incorporated (moved into a LTD company structure) whilst minimising SLDT and CGT. It is possible by setting up an LLP for a number of years then incorporating. It would be useful if you guys could give guidance on the practicalities of how this is done and what services you can offer to assist. It could greatly increase your business.
We've done an episode on this exact subject: ruclips.net/video/LKBMFgae0Jc/видео.htmlsi=UJVT3wiEFi23jd2n Plus our team of tax advisors can help too, head over to our website and take a look at our tax advice service!
@@provestorRenter’s Rights Bill. More risk and expense, and with a socialist government, if anything it means squeezing profits, if not now then in future budgets. It’s inevitable.
I didn’t vote 🗳️ for anybody in the last election, I simply wrote on the postal voting envelop how I felt and dropped it in the post box. They want everybody to be poor but the corporations getting richer
Things like Stamp duty and CGT will change on the day of the budget. This is to capture existing sales and disposals in progress immediately and to remove the opportunity to start disposing of existing or adding new properties ahead of the known changes.
It could be either - nobody knows. If they do it at midnight, they might stop in-flight sales dead, and miss out on CGT revenue. If they do it in April, they could cause a rush to sell, driving down house prices. It might be a moot point: the latest news from The Telegraph was that property would be exempt from any CGT changes.
We dont know if the govt will increase capital gains tax. Im probably wrong but my hunch is the govt has pre-released their intention not to increase cgt on property because if they do increase, no one will sell = no income from cgt revenues.... So better to receive cgt income now than no cgt income in future...moreover, if the cgt increase is from 5 april, because of the mass selling, they'll be less housing in the private rental sector....also great put your blts to limited companies, but some landlords will have mortgages on them so difficult to transfer.
That's a really interesting point. There are many consequences of tax changes - intentional or not. If the Chancellor did increase CGT on property immediately, as you point out, people may not sell at all - and tax take could be neutral. But if they say it's from April, there could be a rush to sell, driving down rental stock further, pushing up rents. As for limited companies - Nadeem's point was that many landlords he's speaking to are selling personal BTLs - even after considering/paying mortgage penalties, to re-invest in a different property via a limited company. It's purely a commercial consideration - add up the cost to sell and the cost to buy, and rub it up against yields. Many landlords are refreshing and restructuring their portfolios to drive returns.
Can you help me...if I sale my property I'm living in bit my husband is renting living in another one two years ago... How do I know the capital gains tax?
To clarify, do you mean you're living in the house that you want to sell. But your husband has not lived there for the last two years, because he's living in a different rented house?
We chat to a lot of inbound investors from Dubai who are looking to invest in the UK... Many overseas investors still see the UK as a great place to invest in property - obviously they're not at the mercy of Section 24 etc.
Great thinking and advice gents.
Very true that accidental landlords are being deterred and professional landlords are investing and optimising.
Reduced supply of rental property through Renters Rights Bill, interest costs and tax changes will only drive up rents on the remaining rental stock available.
It's useful at times like this to go back to fundamentals. People need houses. Not everyone can or wants to own.
Yields might not be as good as they were overall, but there are still plenty of opportunities to get great returns.
…there will be no increases until the Rent Tribunal makes a decision, and they may decide “no increase for you”. Rent Tribunals will suppress rent increases
Thank you, Great video, simple and straightforward.
The information here was based on rumors of the budget changes yet to be announced for Oct 2024. It would be super helpful if we could have a follow up video confirming what was declared in the actual budget since this video released and any follow up advice on that🙂
Could we have a look into how owning property in a Ltd company is beneficial in the sense that, if one sells the Ltd company with its assetts, this could have huge tax advantages
Great video. Guidance on how existing BTL portfolios can be incorporated (moved into a LTD company structure) whilst minimising SLDT and CGT. It is possible by setting up an LLP for a number of years then incorporating. It would be useful if you guys could give guidance on the practicalities of how this is done and what services you can offer to assist. It could greatly increase your business.
We've done an episode on this exact subject: ruclips.net/video/LKBMFgae0Jc/видео.htmlsi=UJVT3wiEFi23jd2n
Plus our team of tax advisors can help too, head over to our website and take a look at our tax advice service!
I’m a landlord and it is all doom and gloom.
Is there any one thing in particular that's a challenge?
@@provestorRenter’s Rights Bill.
More risk and expense, and with a socialist government, if anything it means squeezing profits, if not now then in future budgets. It’s inevitable.
why is non dom stamp duty so low compared to european countries like spain and italy?
Definitely voting for Reform in the local elections
Won’t make any difference
@@leemarsden1846 its worth a try. The only other option is to sell up and leave the uk for greener pastures.
It's a long time until the next election, let's see what happens between now and then!
I didn’t vote 🗳️ for anybody in the last election, I simply wrote on the postal voting envelop how I felt and dropped it in the post box. They want everybody to be poor but the corporations getting richer
No one is elected they all selected
Might need to remake this video, considering the SDLT changes?
💯! We're on it!
Stamp duty changing for everyone in April, not just landlords
Good point. We're wondering if anything will happen before then - does the chancellor want to help more people own homes, for example?
Things like Stamp duty and CGT will change on the day of the budget. This is to capture existing sales and disposals in progress immediately and to remove the opportunity to start disposing of existing or adding new properties ahead of the known changes.
Unless you’re a Muslim… they don’t pay Stamp Duty ffs!!!
What about this reported ‘income from asset’ tax. And will ltd’s be paying it.
Good session
Guys will the new changes like cgt be implemented on midnight after the budget or on the new tax year in April, any thoughts please
It could be either - nobody knows. If they do it at midnight, they might stop in-flight sales dead, and miss out on CGT revenue. If they do it in April, they could cause a rush to sell, driving down house prices.
It might be a moot point: the latest news from The Telegraph was that property would be exempt from any CGT changes.
We dont know if the govt will increase capital gains tax. Im probably wrong but my hunch is the govt has pre-released their intention not to increase cgt on property because if they do increase, no one will sell = no income from cgt revenues.... So better to receive cgt income now than no cgt income in future...moreover, if the cgt increase is from 5 april, because of the mass selling, they'll be less housing in the private rental sector....also great put your blts to limited companies, but some landlords will have mortgages on them so difficult to transfer.
That's a really interesting point. There are many consequences of tax changes - intentional or not.
If the Chancellor did increase CGT on property immediately, as you point out, people may not sell at all - and tax take could be neutral. But if they say it's from April, there could be a rush to sell, driving down rental stock further, pushing up rents.
As for limited companies - Nadeem's point was that many landlords he's speaking to are selling personal BTLs - even after considering/paying mortgage penalties, to re-invest in a different property via a limited company. It's purely a commercial consideration - add up the cost to sell and the cost to buy, and rub it up against yields. Many landlords are refreshing and restructuring their portfolios to drive returns.
Can you help me...if I sale my property I'm living in bit my husband is renting living in another one two years ago... How do I know the capital gains tax?
To clarify, do you mean you're living in the house that you want to sell. But your husband has not lived there for the last two years, because he's living in a different rented house?
If you read the telegraph is all doom and gloom
True!
Dubhai is tax free
We chat to a lot of inbound investors from Dubai who are looking to invest in the UK... Many overseas investors still see the UK as a great place to invest in property - obviously they're not at the mercy of Section 24 etc.