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Extracting Money from my Property Company

There are three ways of extracting money from your property business and the best option usually depends on how far into the property journey you have travelled. These are by way of Director or Shareholder Loan Repayments, a Salary and/or Dividends. Let’s cover these in a little further detail.

Borrowing Money from an Existing Business for Property

Funding the expansion of your Property Portfolio can sometimes be difficult. However, if you have money in other businesses that you are involved in which is not required for trading purposes, you have an alternative option.

If the company with the money is solely owned by yourself then you could transfer the money to your property company as an interest-free loan and which is either repayable on demand or a fixed term, depending on your preferences.

Property Company Tax vs Landlord Tax Return

To enable us to explain the differences between how you pay tax as a company and how you pay as a Landlord, the easiest way is to explain the two regimes that are currently in place.

Company Taxation

Why Set Up a Limited Company for My Property Business?

Sadly the answer to this question is “It Depends!!” However, there are some general principles that you can consider when deciding what is the best approach for you and your business.

There are some questions which depend on your tax position, and a few that relate to your own preferences. These are some starting questions to ask yourself:

Lasting Power of Attorney

Lasting Powers of Attorney (LPA) are considered to be one of the most important areas of planning you can put in place during your lifetime for yourself.

Steve Bryan of Eagle Estate Planning led the implementation for the Mental Capacity Act (MCA) across Derbyshire between 2008 and 2012 and lectures on its application. The MCA introduced Lasting Powers of Attorney.

Instant Messaging Versus Email

For most businesses, email remains a key method of both internal and external communication. However, there has been a significant rise in the popularity of instant messaging. So what does this mean for you and your business?

Most of us receive far too many emails. In response, businesses have begun to move to instant messaging as a means of internal communication. 

A Good Coach is a Good Manager

In addition to ensuring the achievement of business objectives, managers are responsible for encouraging growth, confidence and ambition in employees.

Effective leadership techniques have evolved over the last few decades and the way that managers interface with their teams has become more focused on getting the most out of people through coaching. Compared to a more directive style, a manager who uses a coaching style tends to foster an environment of collaboration and more open communication.

Creating a Great Business Strategy

When many of us think about business strategy, academics and expensive business consultants tend to spring to mind. The good news is that creating a really great business strategy doesn’t have to be complex.

Put simply, a strategy is what you need to get your business from where it is today to where you want it to be in say, 5 years time. Here are three simple steps to creating an effective strategy for your business:

Simplification of Inheritance Tax

The Office of Tax Simplification (OTS) have been tasked with carrying out a review of Inheritance Tax (IHT) with a view to simplifying how the tax operates. IHT is perceived to be complicated and currently yields a relatively small amount of tax compared to income tax and national insurance.

Making Tax Digital Delayed Further, Apart from VAT Reporting

HMRC have confirmed that no further MTD for business changes will be brought in before 2020 at the earliest.

The Treasury set out its revised priorities for current digital transformation projects, to make room for the additional demands on its resources of work to upgrade customs systems in preparation for Brexit.