Why Savvy Investors Are Still Betting on UK Property - Are You?

[@vvwalker7261]

Section 24 will go down in history as one of the worst tax code changes ever. George Osborne is a plonker

[@UK-Property-Tax-Accountants]

100% with you on that 🙌

[@jesa11]

Hi there, I was wondering if you could cover anything to do with depreciating residential property within an LLC . I understand in the UK we cannot depreciate residential property. I was curious to why ? Maybe a video idea :) .Many thanks. I really enjoy your channel.

[@UK-Property-Tax-Accountants]

Depreciation was once allowed in the United Kingdom, but no longer is. You will still find depreciation in limited liability companies in the United States.

[@AmeyBrunel]

Good morning. I want to get my first buy-to-let. I'm in full time work, taxed bellow 50k. Looking at flats... I should be able to deduct all service charges, council tax and building insurance expenses from my joint work and property payable tax isn't, or can I get only a tax relief on the tax due from my rental property?

[@UK-Property-Tax-Accountants]

All those items mentioned will be tax deductible 👍

[@andreicotorobai731]

would u suggest paying off the current mortgage or invest in buy to let house ? thanks current deal is at 5.7% for one more year , thanks

[@UK-Property-Tax-Accountants]

If your ROI is likely to be 6% or less, paying of your mortgage will be much better if you do not believe there will be a significant appreciation value of the property.