How To Avoid Tax On Investment Property In The UK: In a recent video, I explain 10 legal ways to navigate the world of taxation and save tax as a property investor. From capital gains to allowable expenses, I show you exactly how I save money on my tax bill, and how you can too!
If you want to learn how to avoid tax on investment property in the UK, make sure to watch the full video until the end. You can find the video at the top of this page or via my YouTube channel. If you want to cut your tax obligations dramatically, make sure you don’t miss this one!
In the video, I give you 10 ways to legally avoid tax. In this article, I will highlight 5 of them. If you want to see the full list, make sure to watch the video until the very end!
Please note that I am not an accountant, nor am I qualified to give tax advice. Use this information as a starting point, and discuss your options with a tax professional before taking any action.
If you found this article useful, please consider sharing it on your social media pages. While the rich know how to legally avoid tax, many ordinary people are stuck paying more than they have to. By sharing this article, you can help save your followers a lot of money!
1. How To Avoid Tax On Investment Property In The UK: The “Live In It” Strategy To Avoid Capital Gains Tax!
You have to pay capital gains tax when you sell a property at a profit. The amount is calculated based on the difference between the price you bought the property for, and the price you sell it at. However, if you lived in the property, you don’t have to pay!
This means you can move into a property, do it up, and sell it without having to pay capital gains tax! Then move into a new property, and do the same thing!
2. How To Avoid Tax On Investment Property In The UK: Wrapping Property In A Company To Avoid Inheritance Tax!
If you want to leave your property portfolio to your children, they will need to pay inheritance tax. This can be up to 40%.
However, if you have a property development company which makes most of its money in trading income, any properties it owns will be exempt from inheritance tax!
3. How To Avoid Tax On Investment Property In The UK: SSAS Pensions For Property Investors!
A Small Self-Administered Scheme (SSAS) is a pension scheme that you can set up for your business. Contributions to the scheme are tax-deductible, and you can use them to invest in commercial property. This can all be done tax-free for as long as the money stays in the pension scheme.
4. How To Avoid Tax On Investment Property In The UK: Save On Stamp Duty On Uninhabitable Properties!
When you buy a property, you typically have to pay stamp duty. However, if the property is uninhabitable, you can claim a stamp duty exemption!
If you have already paid stamp duty on an uninhabitable property, you may be able to claim a refund with interest too!
5. How To Avoid Tax On Investment Property In The UK: Pay Yourself A £12,500 Salary!
Pay yourself a salary of just £12,500 as the director of your property company! Why? Because this is tax-free! The rest can be taken as a dividend, which attracts a lower rate of tax compared to income.
If you want to see the other 5 ways to save on your taxes as a property investor, watch the full video at the top of the page! I think you will particularly enjoy number 10!
How To Avoid Tax On Investment Property In The UK: First, You Need To Make The Money!
Now you know how to avoid tax on investment property in the UK, it’s time to learn how to make the money in the first place! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
