UK portfolio landlords Facing endless challenges
As UK property consultants we're hearing more and more from concerned UK portfolio landlords who are facing wave after wave of "Portfolio Challenges" like never before.
Many landlords are now telling us it feels as if The UK government is trying to tax and regulate landlords out of existence with new laws such as "section 24" where many landlords are now being taxed on turnover instead of profits.
I mean how unfair is that? - to tax us landlords irrespective of whether a profit is being made or not?
What can you do about all these new changes?
Well the first thing that's super important to do is to: Make Sure You Understand The Changes. Because it's only when you understand the changes - that you can work out how they might affect your business moving forward.
You may be someone who isn't too badly affected. Or you may be someone who's affected so badly that their portfolio has Flipped From Being Income Generating - Into A Portfolio That Now Costs Money To Keep Going. And you may now need to consider selling up.
Or you may be in the middle of these two extremes - but crucially need to take some remedial action now to get yourself back on track.
examples of changes you need to be aware of
Here's just a few examples of recent government changes
- "Section 24" where you're now taxed on turnover
- "Tenant Fees Ban" where you now risk huge fines for over-charging tenants
- Introduction of legislation to end "Section 21 No Fault Evictions"
- "Capital Gains Tax" changes which affect the tax you pay when selling
learn all about the changes in the guides below
To learn more about the changes and how they might affect your business - simply follow the 3 steps below. Afterwards you'll be a lot better informed on how to:
1) Understand the changes - 2) Understand how they might affect you - 3) Take any action necessary - 4) Plan longer-term for the eventual sale of your portfolio (most portfolios will eventually be sold at some time).
And if at any time you you'd like to ask a question - click the box below and get in touch.
Phil Calladine - portfolio consultant
Step 1 - Familiarise
It's key for you to familiarise yourself with all the New UK Government Tax and Regulation Changes.
"Check-out the Knowledge Guides below"
Step 2 - Understand
Once you understand All The Changes - you need to know How These Changes Might Affect You:
"Both NOW and in the FUTURE when facing a HUGE Capital Gains Tax bill"
Step 3 - Take Action
Now you understand how the changes affect you - you can Take Action to protect yourself
"If you're considering selling your portfolio - check-out "more information below"
Managing a portfolio is difficult enough without all the new changes in taxes and regulations. So For A Great Head Start On All The Changes - Have A Read Of All The Knowledge Guides Below.