tax advice

This week we’re talking all things tax

When it comes to tax, property investors are obsessed with learning and understanding it.  

And we don’t blame them because the difference between getting it right and wrong could be thousands of pounds.  

So this episode is a must listen! 

Here’s what to expect on this week’s property podcast episode

It’s been a while since we talked about tax so we thought it was about time we changed that.  

We’re always inundated with questions about buying in a limited company. And we even did a video on whether ‘should you buy property through a limited company’. 

But because tax is complex, it’s always been better to leave the tax advice to the specialists. 

To give you a brief overview, back in 2015 new rules were introduced which meant individuals could no longer claim mortgage interest as an expense, but limited companies still could.  

So overnight, owning property in a company became a lot more attractive because those investing personally were left paying tax on profit that wasn’t really profit because it ignored the cost of interest. 

It impacted investors to such a degree that the majority of those who invest through us at Property Hub Invest now do so using a limited company. 

These rules have been eased in over the years but fully came into play as of April 2020, so we thought we’d take a look into it.  

If you’re wanting to purchase property through a limited company, then make sure you check out the tax implications and give this episode a listen. 

 

In the news 

This week we’ve got two news stories that might incentivise you to become a greener landlord.  

The first one, ‘yet another BTL lender issues cheap loans for homes with good EPCs’. Mortgage lender Keystones have now said that they offer a 0.15% reduction to landlords with properties older than five years with an EPC rating of A to C. 

The second story is, ‘Buy to let lender says new eco-loan will be ‘push for landlords’. The Mortgage Works, part of Nationwide, has a new mortgage product called the Green Further Advance, which can be used to make sustainable home improvements.  

So, if your property is in need of a little TLC, it may well be worth looking into going green and saving yourself some money as well as the planet. 

 

Hub Extra 

This week for Hub Extra, we’ve got a couple of resources for you.  

And they’re an alternative to the popular messaging app, Whatsapp.  

Whatsapp doesn’t offer a lot of privacy and are increasingly collecting data and insights into your activity.   

So we’ve got a couple of different options for you. They are Signal and Telegram.  

Both are apps just like Whatsapp that you can get for free, but your privacy is a lot more protected.  

 

Let’s get social 

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. 

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. 

See omnystudio.com/listener for privacy information.

This week on Ask Rob & Rob we’re talking about buy-to-let mortgages with no income and whether Cardiff is a good investment hotspot. 

So, our first question this week is from Michelle. 

Michelle and her partner now have the money to invest in property and they think that now or January 2021 is the perfect time to purchase their first buy-to-let property.

They’re not currently married and at the moment Michelle is a stay at home mum, but she does have a professional background. 

She doesn’t have a mortgage in her name, so therefore thinks it makes sense to put the investment property in her name to avoid stamp duty costs. Her partner is also a 40% tax payer so it also makes sense for the rental income to come through Michelle. 

But what Michelle now wants to know is, how can she get a mortgage without an income? Is it even possible?

The second question this week has come in from Alex. He currently lives and invests in Cardiff as he believes it has all the fundamentals. 

Alex has noticed that Rob & Rob have never touched on Cardiff, or any city in Wales for that matter, on any of the podcasts. 

So he’s now wondering if that’s because The Robs don’t see Wales as a good investment location, or just because there are better opportunities in other cities. 

Do Rob & Rob just not like Wales? Or is there a reason they’ve never chosen a Welsh city as one of their property hotspots?

Tune in to find out.

 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

Happy New Year!  We’ve been so exciting about the beginning of 2018 because we’re finally unveiling our new business.  Due to overwhelming demand, we present - Property Hub Tax.

So much work has happened in the background to bring you this very special service and with it comes the introduction of Russell Smith.

Russell is our in-house property tax rockstar and in this episode he gives you a beginner’s guide.  Russell will continue to join us more and more with some absolute must know tax tips and specialist knowledge.

NEWS THIS WEEK

It seems the experts are in agreement with our predictions for 2018.  We take a closer look at what the pundits think will happen with growth over the next 12 months.

RESOURCE OF THE WEEK

We have a fantastic resource for you this week to help you get 2018 off on the right foot.

Momentum is a fantastic habit tracker that will help you stick to your new year resolutions and stay motivated.

Make sure your habits stick for free right here.

IF YOU ENJOYED THE PROPERTY PODCAST, PLEASE LEAVE A REVIEW ON ITUNES

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

See omnystudio.com/listener for privacy information.

With a pension savings crisis looming and sweeping changes affecting the rules on how we spend and deploy our retirement savings, it's becoming ever harder to avoid the issue.Judith Evans talks to savers and pensions experts about how best to plan for retirement.

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