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Landlord tax schemes

ended 06. March 2023

A Newspage broker has alerted us to the existence of a number of new ‘landlord tax schemes’ that he says are targeting desperate landlords who are struggling to break even due to the raft of tax changes and significantly higher interest rates. Curiously, he says some claim to be offering unlimited indemnity, which has a red flag all over it (as does the word ‘scheme’ in general). So a few Qs:

  • Have you heard of any of these schemes or had landlord clients approach you about them?
  • What are you advising your clients to do if they crop up in conversation?
  • Have you got any examples of schemes that are out there currently?

Any other thoughts or insights, jot them down. If you're a Premium user, your response will be edited by a seasoned hack.

1 responses from the Newspage community

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Editor
Riz Malik
Independent Financial Adviser at R3 Wealth
I fully understand the difficulties that landlords are currently experiencing, and they may have heard of schemes to reduce or eliminate tax. However, keep in mind that one size does not fit all, and it is important to seek independent tax advice when considering such schemes. Furthermore, you should review the terms of your current mortgage to ensure that you are not violating any conditions that could have serious consequences.