Should landlords incorporate their property businesses?

Should landlords incorporate their property businesses?

As tax laws continue to evolve in the UK, landlords are increasingly considering incorporating their property portfolios to optimise tax efficiency. While incorporation can offer financial benefits, it also comes with potential downsides, so options need to be weighed...
Furnished holiday lets – latest update

Furnished holiday lets – latest update

The time to claim capital allowances on your FHL is now As predicted, the government is still going ahead with their plans to remove the tax advantages that current furnished holiday let owners enjoy. The proposed revisions include: Applying the finance cost...
How can Trusts mitigate Inheritance Tax?

How can Trusts mitigate Inheritance Tax?

Using Trusts to Reduce Inheritance Tax and Preserve Wealth Inheritance Tax (IHT) is a significant concern for individuals looking to pass on their wealth to loved ones. With the current IHT threshold set at £325,000 per individual, any value above this is taxed at...