Professional Training

Specialist Landlord Tax

Length
7 hours
Length
7 hours
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Course description

Landlords need to understand their tax obligations, together with a working knowledge of the tax system to remain profitable in the current challenging tax environment for landlords.

Suitability - Who should attend?

 

  • Landlords who are considering how to structure their BTL portfolios
  • Landlords who wish to know how to calculate their S24 liability
  • New investors entering the market
  • Landlords who are considering exiting the market and are considering wealth management across generations – what are your choices?
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    Outcome / Qualification etc.

    CPD Points Awarded 5 standard


     

  • To provide landlords with a secure knowledge of the income tax system and its relationship to S24 
  • To understand how S24 is calculated and how to mitigate the impact of S24
  • To understand what to offset as an expense, and how to manage expenses 
  • To investigate the structures and options of how to hold property
  • To consider the pros and cons of selling and transferring property into a company
  • To investigate the strengths and case for LLPs and their essential clauses
  • To consider wealth management – a worked example of the impact of ‘tax efficient’ strategies on an estate will be shared and analysed
  • To confirm how Making Tax Digital will be introduced 
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    Training Course Content

     

  • A complete analysis of Income tax and its relationship with Section 24
  • Allowable expenses and what to offset – which allowances and reliefs are you losing every year?
  • Full explanation of Section 24 tax implications and clear worked examples
  • An explanation of why 20% taxpayers are possibly the most vulnerable - how often do you hear the soundbites that a 20% taxpayer will not be affected?
  • Templates created by our trainer will be shared to enable landlords to complete calculations on their own personal portfolios and to understand their tax liability
  • Your 20% tax reducer (interest relief) may not be your finance costs!
  • Whether to operate as a company or individual investor (pros and cons of incorporation)
  • LLPs - a thorough explanation of the benefits of an LLP and how the drafting of ‘model clauses’ - which are shared - are essential to get the required flexibility for tax purposes
  • In the light of S24 - remodel, restructure or refinance?
  • Wealth management - an introduction to CGT, IHT and use of Trusts to protect wealth over generations.
  • Overseas properties and Holiday Lets
  • Making tax digital
  • Smart exits and strategies during your lifetime
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    Expenses

    Member Price: from £11.20, Non Member Price: from £14

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    National Residential Landlord Association
    Suite 323, The Tootal Buildings
    Broadhurst House, 56 Oxford Street
    M1 6EU Manchester

    National Residential Landlord Association

    NRLA Training Academy offer over 40 topics on running a successful lettings business suitable for landlords, letting agents and property managers. Our courses are written and delivered by experts in their field with many years teaching experience to ensure our...

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