Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

The number of UK buy-to-let property companies listed atCompanies House has soared to record levels since George Osbourne introduced his ‘Section 24’ tax bombshell onlandlords.If you are stuck in the Section 24 tax trap contact me at charles@charleskelly.net to arrangea free consultation with a property tax specialist.There are now over 400,000 limited property companiesregistered, more than any other businesses and four times as many as fast foodfirms. Since 2016 there has been a fourfold rise in incorporated buy-to-letbusinesses, much of which is due to George Osbourne’s ‘Section 24’ tax hike on landlords.The change in the law meant that buy-to-let landlords with propertiesheld in their own names could no longer offset mortgage interest against theirrent (pre-profit gross income).Almost 700,000 properties are now held in limited companies,rather than in individual names, which has become the standard method used tobuy investment property in the UK.Watch full videoversion - https://youtu.be/tdcdZDdu7qYSectio