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  • Tax

    Our view on one way to mitigate Section 24

    In our latest blog, we discuss the impact of Section 24 on landlords' profits.

    Affected landlords will need to reach for a variety of solutions, as the answer for each individual will be different.

    One simple solution is to reduce landlords' costs.

    Please see our latest blog for more insights - The tax threat that could eat into landlords profits. 

    We are advising all our landlords to seek bespoke tax advice sooner, rather than later.

    While affected landlords have many options open to them to remain profitable, the only option they should not consider is doing nothing.

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    My Taxation strategy is to do every thing I can to protect myself and my customers

    and I have been very active since George announced S24

    Plan Plan Plan

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    Learn Change and Adapt ?????

    Some of us simply can't plan

    It is either increase rents, if we can or sell up

    Some can't even do that due to CGT

    Bankruptcy awaits.

    So yes plan for bankruptcy!!

    We have 4 years before an OR is appointed!

    Start divesting!

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    Yes, planning is so important. Fully understand your position now. If you don't know that, then you can't plan!

    As has been previously mentioned, smaller landlords will need to become more professional and wear their "landlord hat" a lot more while dealing with the commitments of their day job. If they don't have the time, then they will have to appoint a reputable third party to assist them.

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