Mortgages  

Landlords facing tax increases

  • Describe what happens to the tax situation with landlords next year
  • Identify how landlords are adapting their businesses to deal with the changes
  • Describe other important aspects for landlords to protect their businesses
CPD
Approx.30min

Future prospects

I think that over the next few years we’re going to see more landlords moving across to the SPV business model purely for tax reasons but this will open up a whole world of protection opportunities with buy-to-let landlords who have often been a tough nut to crack. 

The trick for advisers is to not over complicate your process.  Keep it simple and keep things clear.

Build your conversation around two key points: what is the problem and how do we fix it?

  • Problem: what specifically is the problem? What would happen if? What would the effect be?
  • Solution: what is the solution to fix this problem?

It does not need to be complicated, but this is another example of where proper financial advice is crucial for your clients.

Vincent O'Connor is senior business development manager at Royal London

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. What happens to landlords' tax in April 2020?

  2. Why do landlords choose interest-only buy-to-let?

  3. What will happen to many private landlords with buy-to-let mortgages in April next year?

  4. If a landlord runs their buy-to-let business through a company, what rate of tax would they currently pay on their rental profit?

  5. ;What role does business protection have to play in the running of a buy-to-let business?

  6. More landlords are going to be moving across to the SPV business model for their buy-to-let business, true or false?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe what happens to the tax situation with landlords next year
  • Identify how landlords are adapting their businesses to deal with the changes
  • Describe other important aspects for landlords to protect their businesses

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