Aug
1
0

Partnership Match Making For Landlords

Author admin    Category Uncategorized     Tags

Are you looking for another landlord to form a partnership for tax planning purposes?

We regularly speak to landlords who would be far better off from a tax perspective by incorporating their business. However, they are single, have less than 10 properties and don’t know who to go into partnership with. Therefore, HMRC do not recognise them as a business for the purpose of claiming incorporation relief to roll capital gains into shares at the point of incorporation and they do not qualify for the special treatment afforded to partnership when they incorporate either.

Naturally, one of the first things we ask them is whether they have any close friends or relatives who are in a similar position.

Unfortunately, many do not!

However, if two or more landlords form a business partnership and run their property portfolio as a business they may well qualify for both incorporation relief and the special SDLT treatment for partnerships after an initial three year period.

This makes me think there must be a business opportunity for matchmaking. When I mentioned this idea to our Hon. Legal Counsel he jokingly suggested “Tinder-For Landlords”.

This got me thinking, how big is this opportunity and how could Property118 go about facilitating such an introduction service?

That’s about as far as we have got with the concept so far so we are looking for ideas.

If you have any suggestions please post them in the comments section below.

Similarly, if you are a landlord looking for a partner, please feel free to use the comments section to tell other Property118 members a bit about yourself and if anybody responds showing an interest we will do our best to introduce you to each other.

Thanks in advance.

All the best

Mark Alexander – founder of Property118 and “The Landlords Union”

PS – also see the related article links to the top right 

Show Tax Consultation Booking Form

Tax Consultation Booking Form

Consultations include new client compliance checks, fact find via email with complimentary software, expert analysis, a detailed written report and recommendations and a 30 minute Q&A session via Skype or telephone.



  • Please provide an overview of your circumstances and what you are looking to achieve.
  • If you have a spreadsheet with details of your properties please upload it here.

  • Price: £ 400.00

  • £ 0.00

  • American Express
    Discover
    MasterCard
    Visa




    Month010203040506070809101112

    Year20172018201920202021202220232024202520262027202820292030203120322033203420352036



     


if(typeof gf_global == ‘undefined’) var gf_global = {“gf_currency_config”:{“name”:”Pound Sterling”,”symbol_left”:”£”,”symbol_right”:””,”symbol_padding”:” “,”thousand_separator”:”,”,”decimal_separator”:”.”,”decimals”:2},”base_url”:”https://www.property118.com/wp-content/plugins/gravityforms”,”number_formats”:[],”spinnerUrl”:”https://www.property118.com/wp-content/plugins/gravityforms/images/spinner.gif”};jQuery(document).bind(‘gform_post_render’, function(event, formId, currentPage){if(formId == 312) {gf_global[“number_formats”][312] = {“1″:{“price”:false,”value”:false},”2″:{“price”:false,”value”:false},”3″:{“price”:false,”value”:false},”5″:{“price”:false,”value”:false},”8″:{“price”:false,”value”:false},”4″:{“price”:”decimal_dot”,”value”:false},”6″:{“price”:false,”value”:false},”7″:{“price”:false,”value”:false}};if(window[“gformInitPriceFields”]) jQuery(document).ready(function(){gformInitPriceFields();} );if(!window[‘gf_cc_rules’]){window[‘gf_cc_rules’] = new Array(); } window[‘gf_cc_rules’] = {“amex”:[“34″,”37″],”discover”:[“6011″,”622″,”64″,”65″],”mastercard”:[“51″,”52″,”53″,”54″,”55″],”visa”:[“4″,”417500″,”4917″,”4913″,”4508″,”4844″],”jcb”:[“35″],”maestro”:[“5018″,”5020″,”5038″,”6304″,”6759″,”6761″]}; jQuery(document).ready(function(){ { gformMatchCard(“input_312_7_1″); } } );new GFStripe( {“apiKey”:”pk_live_88gbI6MTSx0mkOyA67c6c9Rz”,”formId”:312,”ccFieldId”:7,”ccPage”:1,”isAjax”:false,”cardLabels”:{“amex”:”American Express”,”discover”:”Discover”,”mastercard”:”MasterCard”,”visa”:”Visa”,”jcb”:”JCB”,”maestro”:”Maestro”}} );} } );jQuery(document).bind(‘gform_post_conditional_logic’, function(event, formId, fields, isInit){} ); jQuery(document).ready(function(){jQuery(document).trigger(‘gform_post_render’, [312, 1]) } );

The post Partnership Match Making For Landlords appeared first on Property118.

View Full Article: Partnership Match Making For Landlords

Post comment

Categories

Archives

Calendar

November 2024
M T W T F S S
« Oct    
 123
45678910
11121314151617
18192021222324
252627282930  

Recent Posts

Quick Search

agents calculating tax on property rentals deposit loans furnished property rental HMO landlord fire safety Landlord property protection landlord responsibilities letting agreement letting agreement inventory letting links letting rental letting rental inventory letting rental property loans for deposit perfect property rental preparing rental properties property inventory checklist property letting property portals property rental property rental checklist property rental credit check property rental insurance property rental inventory property rental loans property rental pricing property rental protection property rental questions property rental reference property rentals property rental tax Rental deposits rental home rental property rental property fire hazards rental unit repairs tax on property rentals tenancy agreements Tenancy deposit Tenancy Deposit Scheme tenant insurance tenant renting a flat tenant rights

RSS More from Letting Links

Facebook Fan Page