How would a PLO work for a portfolio landlord who's properties are all in his own name and is a higher rate tax payer and therefore cant off set mortgage payments off his tax return. How would it benefit him from a tax perspective as he would still declare the income he gets from the lease payment?
@mattparsons7884 you are correct and so if we are paying the mortgage for the property we would also make an extra payment of about 20% of the mortgage also to cover the extra tax they would have to pay, so the landlord is not out of pocket. Kind regards Simon
You're always putting out great value. Thank you Simon.
I appreciate that! Thank you
How would a PLO work for a portfolio landlord who's properties are all in his own name and is a higher rate tax payer and therefore cant off set mortgage payments off his tax return. How would it benefit him from a tax perspective as he would still declare the income he gets from the lease payment?
@mattparsons7884 you are correct and so if we are paying the mortgage for the property we would also make an extra payment of about 20% of the mortgage also to cover the extra tax they would have to pay, so the landlord is not out of pocket. Kind regards Simon
@@SimonZutshiOfficial thank you for taking the time to reply. That makes complete sense now.