This is equivalent to around a third of landlords in England and Wales not paying tax on their rental income. But that’s all changing – HMRC has launched a specialist team to track down those that aren’t declaring their rental profits and penalise them. To avoid this you must: Record ...
The LT4L Scheme is a tax-planning option that involves landlords declaring a trust over their buy-to-let rental properties in favour of a limited liability partnership (LLP). The key steps associated with the LT4L Scheme include: The landlord sets up the LLP and transfers the economic i...