In my view most buy to let investors risk handing most of their hard earned investment returns to the tax man. Not something that I'm sure you'd want to do!
One of the biggest failings with buy to let investors is they don’t understand that their property investment isn’t taxed separately to the rest of their income and assets.
| According to the Strategic Society report on Landlords wealth, most landlords have £20,000 in the bank, £70,000 in investments and own around £500,000 in property. This is an incredible amount of money and I think it’s impossible to protect yourself from the tax man without professional help. | XXX |  |
The problem with trying to do property tax yourself is tax in general and rules around wills etc often change – sometimes with each budget. So what you know today, may not be right tomorrow.
The second problem with buy to let tax is a lot of people advise on it who aren’t tax experts – and they shouldn’t. What works for them, doesn’t necessarily work for another investor.
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XXX | Without a tax expert knowing everything about the money you have, where it’s invested, what insurance and pension policies you have, they can’t advise you correctly. |
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