The Property Forum Chat Show

Don't Let Property Tax Ruin You!


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Property Forum Chat Show #5 - Don't Let Property Tax Ruin You!

Host: Nicholas Wallwork
Special guest: Tony Gimple

This episode discusses Section 24 Tax, whether to buy in a Limited Company or Personal Names, estate planning and much, MUCH More!

Moving out of the lockdown phase of Covid-19, there are many questions and concerns from landlords and investors about the potential increase of taxes as the economy tries to recover. Now more than ever, it’s essential that anyone who is serious about starting, growing, or retiring a successful property portfolio understands the importance of treating their property investment activity as a professional business. To generate real inter-generational wealth, it’s vital to set up your business with the correct structure right from the start, as well as looking forwards to preparing your business to pass onto children in the future, in the most tax-efficient way.

This Chat Show doesn’t focus on individual tax advice, instead, it looks at the overall importance of business structure and succession planning, whilst helping landlords prepare for any tax changes that seem inevitable in the next 12 months. Now is the time to take a serious look at protecting your wealth, whichever stage of property investment you are at.

This episode covers:

• The importance of setting up your property investment activity as a professional business right from the start

• Questions around Section 24

• The shape of things to come post-Covid-19… is it inevitable taxes will rise and what does this mean for landlords?

• Why you should consider succession/estate planning now, not when you’re 65

• Building the right dream team of experts around you – How specialist property accountants, tax and estate advisors can save you real money

Helpful links from this Chat Show episode:

Nicholas Wallwork mentorships: https://nicholaswallwork.com/mentorship/

Connect with Tony Gimple by email or on LinkedIn: [email protected]
https://www.linkedin.com/in/tonygimple 

Register for Property Summits latest events: https://propertysummits.com 

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The Property Forum Chat ShowBy Nicholas Wallwork