#186
When most people think about investing in property they focus on everything else except the one factor that should probably be considered first: Tax planning.
Property tax specialist Neil Ryder of Property Tax 360 takes us through his Today, Tomorrow and Next week concept of tax planning.
During the episode, we discuss:
o Personalized planning for unique family situations
o Trade-offs between income tax and inheritance tax issues
o Use of discretionary trusts
o Importance of keeping estate values under £2 million
o Use of Form 17 for income distribution between spouses
o Creation of a property portfolio through a limited company
o Strategies for tax-efficient income extraction
o Issues with Director’s Loans and Interest
o Complexities of Hybrid Portfolios
o Incorporation and latent gains issues
o Challenges of remortgaging and personal guarantees when bequeathing property
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Keywords
Property investment, financial decisions, incorporation, trusts, tax implications, inheritance tax, UK property, estate planning, nil rate band, residential nil rate band, joint property ownership, limited company, tax strategy, discretionary trusts, estate value, tax planning, income tax, capital gains tax, stamp duty land tax, podcast episodes, seasoned property investors, property portfolio, director's loan accounts, latent gains, self-assessment issues, HMRC audits, hybrid property holdings, remortgaging, personal guarantees, business relief, corporate structure.
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