KEEP MORE OF YOUR MONEY - Understanding Property Tax | Property Hub

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Tax. Love it or hate it, we all have to deal with it. But there are ways you can keep more of your money.

In this video Rob & Rob will teach you how to save more of your cash and navigate your way around our (sometimes complex) property tax system in the UK.

Hit play and find out how to save more of your money now!

[PP-nfcr]

Hi have you guys got a good tax advisors you can recommend please

[mutenmax]

Very helpful. Thank you.
I have a question if you can help please.
I have a permanent job and I am a high rate tax payer.
I own a property which is mortgage free. I took a new mortgage to buy another property last month and paid High Rate SDTL.

I have put my first property on rent now. As it is mortgage free, entire rental income is taxed at 40%. So, I was thinking to open a LTD company and transfer my 1st property to this new LTD company.

This will allow me to claim back my SDLT which I paid for my 2nd property and I can use this money as SDLT for LTD company purchase + will also save money.

Howver I am not sure how much savings I can make with this and how can I withdraw money from the company tax free when I am doing a permanent job as well.

Propery has a rental potential of 1500 p/m

[ravsingh]

A fantastic video. Are there any new changes a year later?

[MarcusT]

Can you guys do a video on what is considered a good area to invest in? Any tools online that can aid in research? Thanks.

[RajNRI]

Thanks for informative videos

Please advise can a UK limited company receive remittance say as a gift from parents in India in inr to gbp via online wired transfer and what are its tax implications compared to receiving money as a gift to a individual in UK ?
Ideally this money will then be used for 1st property purchase in the UK

If you can make a video will be brilliant and useful to hopefully few people 😊🙏
Many thanks

[lukeunknown]

So I guess you can have three houses under the corporate umbrella and two houses not

[soundslight]

Hello Rob and Rob, thanks for this easy to follow video, inforrming prople like me. I'm wishing to get into residential property business starting with my existing properrty. I have a question.


I've owned and lived in a property since 2005, never rented it out, it's my only property. I have no mortgage on it. It bought it leasehold
then bought the freehold at a later date. There is a separate leasehold flat in the building that belongs to someone else. I want to
convert my property into 4 flats. I can finish 2 of them with my own funds, but next 2 involve bigger budget that I can't afford. I plan to
create a property company and transfer ownership to it, so it lets the flats out for income or sells them later on.

My question is when should I do the transfer to my own property company?

My thought is I do the 2 flats by myself, then value it without separating the title and sell it to the company at a small discount financed by a director's loan and paying the SDLT due. This way I sell my only property hence excempt from CGT, then the company borrows to build the other 2 flats and then separates the title creating 4 leasehold flats that it owns, lets and services (also collects a service charge in addition to the rent). When it has funds, it will repay the directors loan to me, that won't give rise to income tax in future years, as it was a loan. Addition of 2 flats and creating separate title deeds for them will increase company assets. It can in future add more properties to its assets or sell existing assets. Is this the most tax efficient strategy or you have another, better suggestion? Thanks in advance