Property owners become landlords for a variety of reasons but one thing
that they all have in common is the desire to maximise rental income
profits and/or capital growth from their property investment. A common
mistake is to think that the only way that this can be achieved is by
increasing the rent to as high a level as the market can take but this might
not be practical, depending on a variety of reasons.
However, there is another way to increase profits without increasing
rent and that is via the effective use of tax planning around maximising
expenses.
This guide concentrates on areas where tax savings may be possible, the
actual amount of saving being dependent upon the precise circumstances
of the situation and the individual landlord and as such, the examples are
included as a guide only.
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