Buy-to-Let UK Property Companies Soar After Section 24 Tax on Landlords

The number of UK buy-to-let property companies listed atCompanies House has soared to record levels since George Osbourne introduced his ‘Section 24’ tax bombshell onlandlords.If you are stuck in the Section 24 tax trap contact me at [email protected] to arrangea free consultation with a property tax specialist.There are now over 400,000 limited property companiesregistered, more than any other businesses and four times as many as fast foodfirms. Since 2016 there has been a fourfold rise in incorporated buy-to-letbusinesses, much of which is due to George Osbourne’s ‘Section 24’ tax hike on landlords.The change in the law meant that buy-to-let landlords with propertiesheld in their own names could no longer offset mortgage interest against theirrent (pre-profit gross income).Almost 700,000 properties are now held in limited companies,rather than in individual names, which has become the standard method used tobuy investment property in the UK.Watch full videoversion - https://youtu.be/tdcdZDdu7qYSection 24 PropertyLandlord Tax HikeInterview with Chartered Accountant and property taxspecialist who reveals options and solutions to move your properties from yourown name into a limited company or LLP whilst mitigating the potential HMRCpitfalls.Email [email protected] a free consultation on how to deal with Section 24.Watch video now: https://youtu.be/aMuGs_ek17s #section24 #TaxSavingTips #FinanceTips #UKTaxes #WealthBuilding#MoneyManagement #PensionPlanning #TaxFreeSavings #CharlesKellyMoneyTips ##property #propertycompany #investmentproperty #buytoletlandlord