Helpful video. Point of note that any income over £100k the government deduct £1 off your personal allowance for every £2 you earn (until it runs out at £125k). Which equates to 60% tax from earnings between £100k to £125k! So if you earn the £125k you effectively have zero personal allowance. Hideous rule!!
My understanding is the video is incorrect. The changes to tax meant the income was taxed at the marginal rate but the interest cost was restricted to basic rate. This makes no difference to basic rate tax payers. you still pay tax of £450* 20% = £90 It is higher tax payer who pay more by 20% of the interest costs or an extra £70 / month ((40%-20%) * £350
Great video! Few notes: -I think that dividend allowance has dropped even more from 1k to £500 -once you paid yourself a dividend are you not supposed to pay Income tax as well (form the dividend income)? 😯
Missing half the picture. The mortgage would be more in the ltd as rates are higher for ltd companies. The fees to take out the mortgage are higher in an ltd increasing the initial investment. The cost of running a ltd is huge especially if you only have 1 or 2 properties to split that cost between. I’m sure if you worked it out properly as it would be in the real world you’d need 6+ properties before ltd would work out better than personal name. If you then took into account the extra cost per property while you built up the portfolio say 3/4 years of extra cost getting to 6+ properties your looking at a 10-15 year time span before you get that lost money in the early years back. It’s never as black and white as all these videos make out.
Yes these are fair points but like I said in the video, as long as you’re under £50k then you can get away with personal. But even if you factor in the points you’re making with higher rates etc, once you get into that 40% tax bracket, the outcome will be still the same ie personal will not be worth it
Yea, depends if property is all you do. If your job pays you £50k a year, then having a limited company where all the property money goes would be better as the money could just stay there in the pot for the next venture.
Very good video Ahmed, It’s always best to have a limited company and I totally agree with you bro, but in the UK for PAYE/Businesses we have Progressive Taxation System which means if the profit/salary is above 50k, it doesn’t deduct full 40% but it deducts nearest threshold first. Like you’ve mentioned first 12,570 Threshold.
Interest rates are 1% higher if you buy in LTD company as compared to personal name. Can you please Include in your calculations to understand how much you will actually save in LTD company
Also need to add in the fees in regards to a limited company. Mainly, the accountant (other fees are minor). A limited company really helps if you plan to continue growing the portfolio.
Yes so the tax is over 52.75% which eliminates any savings from using a Ltd company. I don’t understand how these guys are making any money given interest rates are higher, fees are higher and accountancy costs are higher for Ltd companies…
@@tf2368 if you didn’t have a mortgage your tax bill would be even higher, although ofcourse this would be offset by the lack of a mortgage payment. Mortgages are kind of the main way to build up a portfolio, without them and you’d be stuck on 1 house.
@@andrewfallon2719 Do you really believe what these UA-camrs are preaching? Don't forget that their main income is from very expensive courses and UA-cam traffic, NOT from owning properties...
Decent video - but one pretty significant error. Basic rate tax payers are able to deduct the full interest amount from their BTL. Only higher rate tax payers can deduct 20%. Also a Ltd company comes with additional costs - like hiring an accountant, and paying higher rate stamp duty. Overall, it requires a lot more thought and will come down to an individuals circumstances.
You can claim a 20% tax credit to offset against mortgage interest up to the lower tax band. Example Portfolio producing; £70,000 -20,000 Expenses £50,000 income including interest -30,000 Net of mortgage interest £20,000 mortgage interest Because the net income and mortgage Interest is still within the lower tax band, the tax credit offsets any applicable tax on the interest. You would only pay income tax on £17,430 Once it goes over £50,000 you are attracting tax. Example; £50,000 Salary from employment £12,000 Rental income from a property £12,000 - 2,000 Expenses £10,000 profit including mortgage. Tax would be £4,000 as you have no lower rate banding left to claim tax credit. In effect this means tax on turnover.
Getting a mortgage on ltd is much more, managing company comes with costs and headache, (accounting fees) + all the property value increase is owned by the ltd, on sale of property u can't get the money out easy.
You never included the higher mortgage costs, at least 1%, also in a personal name you can claim back 20% or mortgage interest costs, plus all the extra legal fees and accountancy fees, it be good to see a video which incorporates those. Also it be good for it to compare someone that lives purely off property and someone who earns 50k from employment to see the true comparison. Like you presentation but lots of variables not included. Also is corporation tax not 25% when you earn over 50k?
Why pay the Corporation tax? If you are the director of the company you can also take a wage. If your wage is the total of your profit for that year, then this brings your profit down to 0 and your corportation tax down to 0. Meaning you will pay 20% income tax rather than 19% corportation and then an additional 8.75% dividend. Would this not work? Also if your company made over 50K and you had a partner, you could do the same again and reduce your tax bill that way as well? Just a thought, I liked the video.
Very good video Ahmed and much appreciated as a lot of other property videos on this subject are vague with far less explanation. 2 years ago I purchased 6 properties over 12 months which means I now have 8 in total in my personal name. This meant that I finished my Job to do property full time and I am able to use the tax free allowance to it’s maximum and manage to just stay within the 20% bracket by being strategic new year tax year end, yet I’m still being told that I would have been wiser to put in in LTD company structure. I have no plans to add anymore properties to my portfolio and pay myself £2000 pm to live on while hopefully over time capital growth will add to my pension (I’m 49 years old) was I wrong to think personal name was a better way for myself?
That was my thinking. I pull out £24k a year and in a Ltd company structure, I would pay 19% corporation tax and then income tax on payments after my dividend allowance. I’ve since been told that as I would pull the £24k straight out and not leave it in the company I wouldn’t pay any corporation tax on it, only income tax on the £24k as I do now but I would be able to claim against my mortgage payments as I’d have a limited company structure. It’s difficult one to weigh up I suppose as I’d also have to consider the extra payments of an accountant and the extra approximately 1% mortgage costs of a Ltd company mortgage on each of my 8 properties.
Sorry, but you got it wrong within the first minute. It's not that you can only count 20% of your mortgage interest as an expense for tax. You count none of it as an expense for tax. Work out your tax payment, then deduct 20% of your mortgage interest from your tax bill as a rebate. In this way if your salary plus rent plus any other income is less than £50k, section 24 makes no difference to you. That is unless you have other things linked to your pre tax income such as child maintenance payments.
I never thought I would end up with 4 properties. I have 3 in my personal name and I’m incorporating them. It can have IHT benefits as well. Once pensions are active, it adds more income , so remaining below £50k is more important.
@@johnsmithda4th They will go into a current property Ltd Co . The fees are solicitors + stamp but little CGT, so the overall effect is a benefit after 12 months. Future CGT will then be CT @ 25%.
Great video mate. I've always been on the fence about buying my next property through LTD company just mainly because of the higher mortgage rates and high product fees. I currently have 2 in my personal name plus my full time job which will within the next year or so take me into a higher tax bracket. My next move will be to lend money to my LTD to buy a property as a loan so I can slowly extract that from the company as a way of repayment which will be tax free. My question to you or anyone reading is, has anyone figured out a tax efficient way of moving investment property from personal name to LTD company? From what I understand it has to be done as a sale but from the capital gains implications plus the stamp duty the LTD will have to pay it just doesn't make sense. Surely there must be a way 🤔
Hello ahmed thanks for the video, I've got a question for you. I bought a rental property in my own personal name a few years back when my salary was lower which meant combined with my rental income my overall income was still below the 40% bracket. Now my income has gone up substantially and im entering into the 40% tax bracket because of my rental, my question being can you somehow convert/swap my rental in my personal name over to a limited company ? I have a mortgage outstanding on the property if that makes any difference also. Cheers
Would be practical to include accountants annual fees for your LTD company holding all your investment properties to get a clear picture of your total expenditure.
Not related to this video, but as you mentioned recently that you sold your first deal as a Sourcer, will you be making a course about deal sourcing and would you consider partnership with other sourcers?
I really don't who in his right mind will want to still invest in UK property after 4th of July...Labour already indicated that they'll double the CGT tax, there could be rent controls across the UK and progressive tax on each additional property. Plus they will make even stronger pro-tenant laws...
thanks for your video, but i work out diff figure. before s24, u pay inc tax 20% on £450=90. now for low tax rate payer, you pay inc tax on £(1000-200) x 20%=160, but also get 20% tax credit on £350 interest = 70, so the total tax still £90pm. ie profit aft tax is same. am i miss something?
I do wonder what’s the longevity of LTD? Whilst it sounds good now, what about the next 5-10 years when government changes continue to happen. I know we can’t foresee this but I just hope it’s not a temporary opportunity
Why not? There is of course a fair element that a proportion of your car use will be spent on travelling, inspecting properties and operating as a business in travelling to your accountant, property viewing, auctions etc.
Great video. Quick question. I'm still in the 20% tax bracket (around £40k PA) with 1 BTL property. When I buy my 2nd property, can I offset 50% of the income to my wife. She's well within the 20% bracket THANKS
You earn way too little to be a landlord with multiple properties. How are you going to fix a boiler? Re do a leak? It’s landlords like you that are the reason the industry gets a terrible reputation
@@thebest5productsforyou 😆 your a funny person. I didn't realise you had to earn a certain amount to own multiple properties. Please tell me how much one needs to earn before he/she can have multiple properties.
Spot on. What if after paying dividends & claiming back owner's lending money, my expenses are higher than the profit ? Would I still need to pay corporation tax ?
I’m on £50k, I have one house which rental income is £1300 a month with a mortgage of £790 on that property. So it only generates £510 a month. If I add that onto my net salary of £3,293.45 it takes me into the 40% tax bracket. The UK is the biggest pain in the ass! Moving that one property into a LTD means less lenders, pretty sure higher interest rates. There must be another way around.
@@ThatAhmedKhanservice charge,ground rent,appliances maintenance any amount spent to keep the property at the same standard, including buying new furniture to change the old one if necessary, also are you sure that with the Ltd you can deduct expenses such as the office chairs, I think this is more specific for self employment activities but I might be wrong
Interesting video, but I think your calculations are not right. When you rent a property through SPV company, only the interest is treated as expense not the entire repayment monthly amount. Can you explain why you said the entire repayment amount is deductible?
@@domever7899 That makes sense, however you should have said clearly in your video. Anyway interest only loans are not easy. At the moment these type of landlords are making nothing because of the interest rate and can go bankrupt very easily.
@@AJ-qg7xj Most certainly, there is a risk should the economy take a turn for the worse and interest rates shoot up substantially. However, I would have at a guess that we would have huge problems elsewhere before that happens!
The calculations are incorrect. You should apply 20% of mortgage interest as tax credit at the end in order to arrive at the tax payable figure. S24 has no impact on someone who is within the 20% threshold.
Here's 4 free property courses I've made totalling over 32-hours of property knowledge: www.ahmed-khan.com/free-courses
Helpful video. Point of note that any income over £100k the government deduct £1 off your personal allowance for every £2 you earn (until it runs out at £125k). Which equates to 60% tax from earnings between £100k to £125k! So if you earn the £125k you effectively have zero personal allowance. Hideous rule!!
My understanding is the video is incorrect. The changes to tax meant the income was taxed at the marginal rate but the interest cost was restricted to basic rate. This makes no difference to basic rate tax payers. you still pay tax of £450* 20% = £90 It is higher tax payer who pay more by 20% of the interest costs or an extra £70 / month ((40%-20%) * £350
Correct. Due to the 20% interest rate relief.
0:35 - You can only claim 20% of your mortgage INTEREST as a cost. Not the repayment part.
5:25 Dividend allowance has been reduced from 1k to £500 as of Dec 2024
Great video!
Few notes:
-I think that dividend allowance has dropped even more from 1k to £500
-once you paid yourself a dividend are you not supposed to pay Income tax as well (form the dividend income)? 😯
Great video, straight to business no fluff!
Brother what about more up to date since the new government cahnegs and Oct 2024 budget?
Missing half the picture.
The mortgage would be more in the ltd as rates are higher for ltd companies.
The fees to take out the mortgage are higher in an ltd increasing the initial investment. The cost of running a ltd is huge especially if you only have 1 or 2 properties to split that cost between. I’m sure if you worked it out properly as it would be in the real world you’d need 6+ properties before ltd would work out better than personal name.
If you then took into account the extra cost per property while you built up the portfolio say 3/4 years of extra cost getting to 6+ properties your looking at a 10-15 year time span before you get that lost money in the early years back.
It’s never as black and white as all these videos make out.
Yes these are fair points but like I said in the video, as long as you’re under £50k then you can get away with personal. But even if you factor in the points you’re making with higher rates etc, once you get into that 40% tax bracket, the outcome will be still the same ie personal will not be worth it
I’ve got to agree. I’m in the 40% tax bracket with my day job so surely it makes sense for me to go limited even with one extra property?
@@ThatAhmedKhancan you change it from personal to limited companies at a later stage when portfolio increases
Yea, depends if property is all you do. If your job pays you £50k a year, then having a limited company where all the property money goes would be better as the money could just stay there in the pot for the next venture.
Very good video Ahmed, It’s always best to have a limited company and I totally agree with you bro, but in the UK for PAYE/Businesses we have Progressive Taxation System which means if the profit/salary is above 50k, it doesn’t deduct full 40% but it deducts nearest threshold first. Like you’ve mentioned first 12,570 Threshold.
Yep - after 40% it becomes very difficult to operate without a limited company
@@ThatAhmedKhan why
@@ThatAhmedKhanyeah, why? Keen to learn…
What if you property has been paid in full so no interest. Is there much benefits?
Interest rates are 1% higher if you buy in LTD company as compared to personal name. Can you please Include in your calculations to understand how much you will actually save in LTD company
So are legal fees and product fees most of the time! At the moment still better to be with Ltd company
Also need to add in the fees in regards to a limited company. Mainly, the accountant (other fees are minor). A limited company really helps if you plan to continue growing the portfolio.
I'll do another video where I add these things in!
@@ThatAhmedKhan thanks Ahmed..really great content! 👍
Yes please add the extra fees because it’s not as clear cut as this
Have i misunderstood but if you're in higher rate bracket youll pay corp tax, min 19% and 33.75% on dividends?
That is how I understand it.
Yes so the tax is over 52.75% which eliminates any savings from using a Ltd company.
I don’t understand how these guys are making any money given interest rates are higher, fees are higher and accountancy costs are higher for Ltd companies…
@@andrewfallon2719I think it makes much more sense when you don’t have a mortgage
@@tf2368 if you didn’t have a mortgage your tax bill would be even higher, although ofcourse this would be offset by the lack of a mortgage payment.
Mortgages are kind of the main way to build up a portfolio, without them and you’d be stuck on 1 house.
@@andrewfallon2719 Do you really believe what these UA-camrs are preaching? Don't forget that their main income is from very expensive courses and UA-cam traffic, NOT from owning properties...
What is the code if one wants to buy a property to let under a ltd company - if requesting BTL mortgage will a code 68100 be seen as a red flag ??
Decent video - but one pretty significant error. Basic rate tax payers are able to deduct the full interest amount from their BTL. Only higher rate tax payers can deduct 20%. Also a Ltd company comes with additional costs - like hiring an accountant, and paying higher rate stamp duty. Overall, it requires a lot more thought and will come down to an individuals circumstances.
Where do you have the info from?
I am a basic rate taxpayer, and I am still only allowed to deduct 20% from the IO mortgage payments.
You can claim a 20% tax credit to offset against mortgage interest up to the lower tax band. Example Portfolio producing;
£70,000
-20,000 Expenses
£50,000 income including interest
-30,000 Net of mortgage interest
£20,000 mortgage interest
Because the net income and mortgage Interest is still within the lower tax band, the tax credit offsets any applicable tax on the interest. You would only pay income tax on £17,430
Once it goes over £50,000 you are attracting tax. Example;
£50,000 Salary from employment
£12,000 Rental income from a property
£12,000
- 2,000 Expenses
£10,000 profit including mortgage.
Tax would be £4,000 as you have no lower rate banding left to claim tax credit. In effect this means tax on turnover.
You can offset the tax in higher band against 20% mortgage interest relief so the tax in your example should be £2000 not £4000.
Also buying in a LTD company incurs a 3% SDLT surcharge vs personal name so needs to be factored in. Even more if you're an overseas person....
5% now :(
Getting a mortgage on ltd is much more, managing company comes with costs and headache, (accounting fees) + all the property value increase is owned by the ltd, on sale of property u can't get the money out easy.
great video, v useful - your video production has gotten really good too. keep it up and i would bet money this channel will blow up
Thank you Ahmed - so nicely explained
Great video, just going through this at the moment and looking into Incorporation relief and tax efficient strategies. Appreciate your analysis.
But is it worth it after you hit 50k as your being taxed 19% + 33.75% = 52.75%
How is anyone making any money with taxes that high ?
You never included the higher mortgage costs, at least 1%, also in a personal name you can claim back 20% or mortgage interest costs, plus all the extra legal fees and accountancy fees, it be good to see a video which incorporates those. Also it be good for it to compare someone that lives purely off property and someone who earns 50k from employment to see the true comparison. Like you presentation but lots of variables not included. Also is corporation tax not 25% when you earn over 50k?
Why pay the Corporation tax? If you are the director of the company you can also take a wage. If your wage is the total of your profit for that year, then this brings your profit down to 0 and your corportation tax down to 0. Meaning you will pay 20% income tax rather than 19% corportation and then an additional 8.75% dividend. Would this not work? Also if your company made over 50K and you had a partner, you could do the same again and reduce your tax bill that way as well? Just a thought, I liked the video.
It would depend on which tax band you’re in. If you’re in the 45% tax band then this might not be effective :)
Very good video Ahmed and much appreciated as a lot of other property videos on this subject are vague with far less explanation. 2 years ago I purchased 6 properties over 12 months which means I now have 8 in total in my personal name. This meant that I finished my Job to do property full time and I am able to use the tax free allowance to it’s maximum and manage to just stay within the 20% bracket by being strategic new year tax year end, yet I’m still being told that I would have been wiser to put in in LTD company structure. I have no plans to add anymore properties to my portfolio and pay myself £2000 pm to live on while hopefully over time capital growth will add to my pension (I’m 49 years old) was I wrong to think personal name was a better way for myself?
You’d pay more tax pulling out of a ltd company.
That was my thinking. I pull out £24k a year and in a Ltd company structure, I would pay 19% corporation tax and then income tax on payments after my dividend allowance. I’ve since been told that as I would pull the £24k straight out and not leave it in the company I wouldn’t pay any corporation tax on it, only income tax on the £24k as I do now but I would be able to claim against my mortgage payments as I’d have a limited company structure. It’s difficult one to weigh up I suppose as I’d also have to consider the extra payments of an accountant and the extra approximately 1% mortgage costs of a Ltd company mortgage on each of my 8 properties.
Sorry, but you got it wrong within the first minute. It's not that you can only count 20% of your mortgage interest as an expense for tax. You count none of it as an expense for tax. Work out your tax payment, then deduct 20% of your mortgage interest from your tax bill as a rebate.
In this way if your salary plus rent plus any other income is less than £50k, section 24 makes no difference to you. That is unless you have other things linked to your pre tax income such as child maintenance payments.
I never thought I would end up with 4 properties. I have 3 in my personal name and I’m incorporating them. It can have IHT benefits as well. Once pensions are active, it adds more income , so remaining below £50k is more important.
How are you incorporating them mate? Does it count as a sale and a purchase which of course will incur massive fees?
@@johnsmithda4th They will go into a current property Ltd Co . The fees are solicitors + stamp but little CGT, so the overall effect is a benefit after 12 months. Future CGT will then be CT @ 25%.
Great video mate. I've always been on the fence about buying my next property through LTD company just mainly because of the higher mortgage rates and high product fees. I currently have 2 in my personal name plus my full time job which will within the next year or so take me into a higher tax bracket. My next move will be to lend money to my LTD to buy a property as a loan so I can slowly extract that from the company as a way of repayment which will be tax free. My question to you or anyone reading is, has anyone figured out a tax efficient way of moving investment property from personal name to LTD company? From what I understand it has to be done as a sale but from the capital gains implications plus the stamp duty the LTD will have to pay it just doesn't make sense. Surely there must be a way 🤔
John it is through partnership that gets incorporated to benefit from SDLT exemption and entrepreneur’s relief for capital gains tax.
Hello ahmed thanks for the video, I've got a question for you. I bought a rental property in my own personal name a few years back when my salary was lower which meant combined with my rental income my overall income was still below the 40% bracket. Now my income has gone up substantially and im entering into the 40% tax bracket because of my rental, my question being can you somehow convert/swap my rental in my personal name over to a limited company ? I have a mortgage outstanding on the property if that makes any difference also.
Cheers
Yes you have to sell it to your ltd company at a reasonable price . your company doesnt pay anything but the stamp duty tax , I think
Would be practical to include accountants annual fees for your LTD company holding all your investment properties to get a clear picture of your total expenditure.
It switches when you move higher, better to do it personally or keep the money in a company and never take it out
Not related to this video, but as you mentioned recently that you sold your first deal as a Sourcer, will you be making a course about deal sourcing and would you consider partnership with other sourcers?
Thanks for video, this is anwer I was looking for, so I can plan my next purchase of btl right way!!!
Thanks
Glad it was useful!
I really don't who in his right mind will want to still invest in UK property after 4th of July...Labour already indicated that they'll double the CGT tax, there could be rent controls across the UK and progressive tax on each additional property. Plus they will make even stronger pro-tenant laws...
This was soo soo helpful! Thank you
thanks for your video, but i work out diff figure.
before s24, u pay inc tax 20% on £450=90. now for low tax rate payer, you pay inc tax on £(1000-200) x 20%=160, but also get 20% tax credit on £350 interest = 70, so the total tax still £90pm.
ie profit aft tax is same.
am i miss something?
Correct the changes only apply to higher rate tax payers
I do wonder what’s the longevity of LTD? Whilst it sounds good now, what about the next 5-10 years when government changes continue to happen. I know we can’t foresee this but I just hope it’s not a temporary opportunity
Any good low cost online accountant for limited companies? What the cost would be for 1-2 properties?
You can check out Osome: osome.com/uk/property-accountants/?ref=zjdlyjf0&aff_name=Ahmed+Khan&coupon=
Thank you for your video, just wanted to check if dividends allowance reduced to 500£ a year now .
Yep correct its £500 for 2024/25 - I should've updated in the video!
Surely you could not claim for a car lease if your properties are in the same town as you ? Or could you ?
Why not? There is of course a fair element that a proportion of your car use will be spent on travelling, inspecting properties and operating as a business in travelling to your accountant, property viewing, auctions etc.
Hmm… but it’s not “wholly and exclusively” if u dont use the car 100% for business purposes.
Surely you just claim 45ppm?
Great video.
Quick question.
I'm still in the 20% tax bracket (around £40k PA) with 1 BTL property. When I buy my 2nd property, can I offset 50% of the income to my wife. She's well within the 20% bracket
THANKS
You earn way too little to be a landlord with multiple properties. How are you going to fix a boiler? Re do a leak? It’s landlords like you that are the reason the industry gets a terrible reputation
@@thebest5productsforyou 😆 your a funny person. I didn't realise you had to earn a certain amount to own multiple properties. Please tell me how much one needs to earn before he/she can have multiple properties.
There is no mention about the directors loan etc
That doesn’t fully solve the problem
Thanks Ahmed. Like your vids
Spot on. What if after paying dividends & claiming back owner's lending money, my expenses are higher than the profit ? Would I still need to pay corporation tax ?
You can only take Dividends after paying Taxes on your Profits,
IF you showing a loss, then Dividend's cannot be taken.
@@DivineLove247 Thank you sir, all noted.
I’m on £50k, I have one house which rental income is £1300 a month with a mortgage of £790 on that property. So it only generates £510 a month. If I add that onto my net salary of £3,293.45 it takes me into the 40% tax bracket.
The UK is the biggest pain in the ass! Moving that one property into a LTD means less lenders, pretty sure higher interest rates. There must be another way around.
But when you do move, you can claim many costs to the company and reduce the tax burden.
You can pay into your pension to reduce your income
Can't you deduct the expenses even if it's in your personal name?
Which expenses?
Service charge, repair appliances, maintenance, ground rent, etc.. @@ThatAhmedKhan
@@ThatAhmedKhanservice charge,ground rent,appliances maintenance any amount spent to keep the property at the same standard, including buying new furniture to change the old one if necessary, also are you sure that with the Ltd you can deduct expenses such as the office chairs, I think this is more specific for self employment activities but I might be wrong
Interesting video, but I think your calculations are not right. When you rent a property through SPV company, only the interest is treated as expense not the entire repayment monthly amount. Can you explain why you said the entire repayment amount is deductible?
Property investors usually have interest only mortgages, so that is the entire mortgage repayment
@@domever7899 That makes sense, however you should have said clearly in your video. Anyway interest only loans are not easy. At the moment these type of landlords are making nothing because of the interest rate and can go bankrupt very easily.
@@AJ-qg7xj Most certainly, there is a risk should the economy take a turn for the worse and interest rates shoot up substantially. However, I would have at a guess that we would have huge problems elsewhere before that happens!
The biggest issue i have right now is i own 3 of my properties in my own name but i cannot move them into a limited due to stamp
Thx
The calculations are incorrect. You should apply 20% of mortgage interest as tax credit at the end in order to arrive at the tax payable figure. S24 has no impact on someone who is within the 20% threshold.
On point
easy just cash out the property
Amazing
Thanks!
This video is totally wrong 😂
Explain
Can you not please speak much faster😂
Time to leave the uk I think
Yeah, definitely, and that's also coming from someone who is earning six figures. If you can work remote, I absolutely recommend leaving the UK...