Property joint ventures can be fantastic but what happens when things go wrong? Nobody likes to think about things like ill-health, death or relationship breakdown but discussing these things when times are good is a lot easier than discussing them when something has already gone wrong. [Read more…] about What Can Go Wrong With Property Joint Ventures?
Kristen Durose from Red Star Wealth Management
In this series on finance and tax, Amy Varle talks to Kristen Durose from Red Star Wealth about finance and tax for buy-to-let property investment.
Kristen is an independent financial advisor, based in Blackpool, with over twenty years experience working with property investors and buy-to-let landlords.
Over the course of their discussion, Amy and Kristen cover the introduction of mortgage interest rate tax relief and Section 24, changes in Stamp Duty on second homes, Capital Gains Tax and at whether or not landlords and property investors should be looking to incorporate a limited company for their property portfolio.
They also look at what Brexit means for the UK housing market, at common problems with property joint ventures, at how aspiring investors can use their pension funds to invest in property and more generally, they examine the state of the property investment market in 2017.
Since 2015 people have had a lot more freedom to decide what they want to do with their pension but is using it to invest in property a viable option? The answer is yes but there are restrictions. Releasing your pension entirely has tax implications and you can only invest in commercial property with your fund. [Read more…] about Can I Use My Pension To Invest In Property?
More foreign investment – A fall in available labour – An increase in the price of construction materials. What will Brexit mean for the UK housing market (and there are a lot of issues, flying under the radar, that aren’t getting a great deal of media attention)? [Read more…] about What Will A Post-Brexit Housing Market Look Like?
A lot of investors are currently taking the decision to set a limited company for their buy-to-let properties but this won’t make sense for everyone. Whilst it is true that corporation tax can be lower than personal tax there are many other charges and complexities involved in this approach. [Read more…] about Buy To Let Limited Companies – Why Are Landlords Considering Them?
The returns from investing in property are lower today than they have been in the past but investors are still keen on bricks and mortar. Property is just more tangible than stocks and shares. But, before diving in you need to manage your expectations and know exactly what your overheads are going to be. [Read more…] about Is There Still An Appetite For Investing In Property In 2017?
Capital gains tax is a tax that is payable on profit made from the sale of an asset. But, this tax works differently when it comes to selling property than it does with assets such as stocks and shares. Capital gains on property must be declared earlier and property can be taxed at a much higher level, as well. [Read more…] about How Does Capital Gains Tax On Property Work?