Property 118 Tax Planning Special
‘How to Incorporate Your Buy-To-Let Portfolio’
Baker Street Property Meet has teamed up with Property 118, its founder Mark Alexander and Hon Legal Counsel, Mark Smith of Cotswold Barristers, to present a unique ‘one-off’ event for property investors concerned about how to address the new S24 tax on mortgage interest payments.
We will be presenting a ‘how-to’ guide on incorporation as well as other structures for those who do not qualify for incorporation reliefs to mitigate CGT and SDLT at the point of incorporation.
This will be a ‘one-off’ special event and if you do not book early, you will miss out.
Since retiring as non-exec Chairman of Cotswold Barristers, Mark Alexander resides as a tax exile in Malta. It is a rare treat to have him presenting as he rarely visits the UK.
Mark Smith (Barrister-At-Law) Head of Chambers at Cotswolds Barristers and Honorary Legal Counsel to Property118 will answer questions on BICT (Beneficial Interest Company Trust) and the benefits of using the structure to avoid the costs usually associated with refinancing when incorporating a buy-to-let portfolio.
Mark Alexander
Property Investor Award Winner
Mark has written a number of articles on how to incorporate a personally held buy-to-let portfolio. In this rare on stage appearance, mark will share:
- Pro’s and Cons Of Incporporation
- How To Incorporate Without Paying CGT (Capiatl Gains Tax)
- How To Incorporate Without Paying SDLT (Stamp Duty & Land Tax)
Mark Smith
Tax Barrister, Cotswolds Chambers
Many believe that incorporating a buy-to-let property portfolio requires you to redeem all your existing mortgages and refinance them in the name of your new limited company.
The transaction cost of doing this can be prohibitive and you may have to give up your existing attractive base rate tracker mortgages which you will not find elsewhere in the current mortgage market.
However, by using a Beneficial Interest Company Trust (BICT), you can incorporate your personally held property portfolio into a limited company WITHOUT having to refinance all your properties.
Mark will explain how this structure works and will be on hand to answer your questions.
Ranjan Bhayttacharya
Post Incorporation Opportunities
Ranjan looked at incorporation long before the Section 24 tax changes were first announced. There are clear business reasons for incorporation which have nothing to do with the new Section 24 tax. In fact, people have been incorporation personally held property portfolios for many years before George Osborne dropped his budget bomb-shell.
In this talk Ranjan will share the reasons why you should operate your property business under a limited Company. In particular:
- Succession Planning
- Easier Raising Of Commercial Finance
- Disposal of non-core properties from your portfolio without having to pay CGT (Capital Gains Tax)
- How PropCo-OpCo structure can help with profit extraction
- Family Investment Companies as the most efficient vehicle for future portfolio growth
WHY SHOULD YOU ATTEND THE NEXT BAKER STREET?
