Whether you’re a private landlord who lets residential property/s or a commercial landlord with business premises, there are a number of ways to significantly reduce your tax bills, both simple and complex.
One quick example of how, as a landlord, you can save tax is to apply the mortgage to your own residence and use it to fund the letting property. If you pay £2,000 p.a. in mortgage interest this arrangement could save you £400 p.a.
‘Flipping off’: this approach can create a great tax saving for landlords, in both income tax and capital gains tax. It involves using your main residence relief and applying it to your buy-to-let property/s.
If you’d like to contemplate a case history of how private landlords have reduced their taxes please read on...
Or if commercial property holds more interest for your tax-saving aspirations, consider this...