Tax and company structures for Serviced Accommodation

There is a lot of confusion about to own and operate SA. There is even more confusion about SA and Tax! This should help. Let me know in the comments if you have any questions.

[@rhiananbishop9589]

Thank you for taking the time to share this invaluable information.

[@andrewjackson7255]

The videos I've had to go through to find this gem! Very helpful, thank you

[@Craftsmanlodges]

Great information.

[@fy8moto261]

Great video Kevin, thank you 🎉

[@atticinventory8696]

Great advice. Thank you.😀

[@davidlloyd1485]

Glad i found this video or the algorithms did... complete side shot here. Would a house boat / narrow boat come under these conditions? Just curious if SA on one of these could have the same advantages.

[@bigbawsdogg]

Probably the most useful video on SA I've been looking for evidence of BRRSA (buy refurbish refinance service accomodation) as it's the most tax efficient resi vehicle and without the tenant law hassle (I have HMOs). If anyone has such deals I am happy to buy them.

[@theaspiringpropertyinvesto2278]

Hey it would be good to connect with you. My husband and I are looking to do the same and just had our first property accepted. You don’t hear of it that often but I’m sure it’s done all the time.

[@Kilex6522]

I'm doing that right now.

[@olivierbow-bertrand4571]

Hi Kevin. Great video, thank you for your content. As an SA management company, is the VAT threshold applicable only on the management fee (18% of revenue) even if the whole amount is taken by myself and then disbursed?

[@callumglendinning1999]

Hi Kevin, thanks for this video. I have a question regarding capital allowance for an SA property; is the allowance impacted at all if the landlord isn't managing the property? I'm starting a SA management business & I'm curious to know if the capital allowance would be something I could include in a pitch. Thanks again!

[@elizabethadebayo5175]

Can you use claim capital allowance on a buy to let used as SA

[@kevinponeskispropertysoldi6316]

You can claim on a house or apartment used as SA. do you mean if there is a Btl mortgage on it. It doesn’t matter if there is a mortgage on a property when claiming CAs. On a separate note you should get consent to let to do SA if there’s a BTL mortgage on the property👍

[@OperationAndrew.]

Hi, that's great that your mortgage payments are tax deductible in a Serviced Accommodation. Is it true that you also can avoid stamp duty when purchasing?

[@kevinponeskispropertysoldi6316]

Thanks. Not stamp duty no unless when you purchase you can prove that the property in uninhabitable. That could be that the kitchen had been ripped out by a previous occupant. Hope that helps

[@GuySands]

Hi Kevin, thank you for taking the time to upload a very informative video. Do you have any knowledge on whether the powers that be would accept student accommodation being run on a serviced accommodation basis?

[@Kilex6522]

No, because student accommodation is residential and SA is not.

[@Bloody_alchemy]

Do you think they will make S.A less profitable like they did with section 24 ?

[@kevinponeskispropertysoldi6316]

There’s nothing on the horizon!👍

[@patrick4912]

Hi Keven, thanks for posting this very informative video. I would love to know how landlords can avail of the section 24 trick, it's something that I could really use to help me secure my first R2R SA. Thanks for the amazing content, subb'd

[@kevinponeskispropertysoldi6316]

Their SA income from the operator, or the person doing R2SA needs to fluctuate. I have got an online training coming up that I get get you on for free if you like?

[@ewelinatomczak9526]

@@kevinponeskispropertysoldi6316 os there any new training coming up?

[@kevinponeskispropertysoldi6316]

@@ewelinatomczak9526 Here’s a link to get multiple tickets to attend my SA training with me at Progressive Property for Free! This offer will expire soon and places are limited so register ASAP. progressivepropertyreferral.com/serviced-accommodation-discovery-19-march-2024/amb0676 Don’t worry if the next date doesn’t work for you. Register and one of the team will be in touch with future options as well👍

[@ewelinatomczak9526]

I am working with a letting agency that wants to do a business with us. Is there a way to fluctuate the payments to landlords if we go through the letting agent?

[@ewelinatomczak9526]

Just registered for the discovery day, Thank you 👍

[@gabymotsoloc9295]

HMO silent "H" like HONEST or HONORARY

[@flickliner9356]

Hi, can you claim Capital allowance of 35% every year? or is it just a one off claim?

[@kevinponeskispropertysoldi6316]

It’s a one off claim, but whoever you don’t use in a tax year rolls over to subsequent tax years👍

[@flickliner9356]

@@kevinponeskispropertysoldi6316 Can capital allowance be claimed if you own the property in your own name and not a ltd

[@GalliWayno]

Hi, I have 1 SA on a holiday park which I'm selling, and some money coming through soon, how do I contact you for a chat on how to maximise on my next few purchases? Thanks