Asset protection advice is a part of the financial planning that focuses on clients with large property portfolio that may have been impacted by changes in legislation in those areas. A good example of the work we do is around Section 24

The legislation means that landlords cannot claim as much tax relief as they could previously. In effect, it means landlords now pay more tax upfront. Plus, if you also receive a salary from another job, this could bump you into the next tax band which can increase the amount of tax you pay overall

Section 24 tax changes were introduced with several aims in mind:

▪ To curb the private rental market by making it less attractive to landlords.

▪ To stop higher earners from claiming back large amounts of tax relief.

▪ To increase the level of housing stock and give first-time buyers a greater opportunity to get a foothold on the property ladder

One of our financial planners can help. Contact us by completing this form