Published on: 4th January 2021

Buy To Let Private Landlords

Buying property and letting it out has become very popular in recent years. Currently the Stamp Duty Land Tax “holiday” is pushing transactions and prices upwards. Estate Planners are always looking at ways to help clients and an increasing number of clients who face the Capital Gains Tax (CGT) v Inheritance Tax (IHT) dilemma have asked us if there is a solution.

As prices of your properties increase so do your CGT liabilities. You get to a point where you really do not want to pay the CGT so you hold on to your properties and enjoy the rent into old age. When you get to the point of not really needing the rental income the CGT liability is so large that you keep pushing the problem down the road. You pass away and your family / children then suffer the IHT liability.

Casey & Associates has a “Buy To Let” trust solution that means:

1. You can pass Buy To Let property to the next generation without incurring CGT however long you have owned the property
2. The value of the property falls outside of your Inheritance Tax account after seven years

This is a niche solution but if you are a Buy To Let private landlord worried about the CGT v IHT conundrum and would like to discuss the matter in more detail then please contact our friendly team on 01732 868190 or click here to book an appointment.

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Our Covid-19 policy is now that if you wish to give instructions or require general information about our Wills, Lasting Powers of Attorney or Trusts then we will carry out a telephone or Zoom appointment. However, if you wish to give instructions to one of our Consultants and you feel that you can only do this at a Face to Face meeting we are offering, at our Consultant’s discretion, a limited number of Face to Face appointments in most of the areas we normally cover (subject to Government advice). To see the areas we normally cover please click here. To arrange an appointment please telephone 01732 868190 or click here.

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