Ruban Selvanayagam of cash home buyers and auctioneers Property Solvers speaks with Simon Misiewicz of Optimise Accountants on the continued effects of Section 24 of the Finance Act 2015 (which limits mortgage interest relief for buy-to-let landlords).    They discuss the exposure to greater tax liabilities (especially for higher-rate taxpayers), how basic rate taxpayers could still be pushed into a higher tax bracket due to increased rental income, the likelihood of a reversal of the legislation as well as the contiguous challenges landlords are facing (including rising mortgage rates and the difficulty of remortgaging), which has led some to sell properties or incorporate them into limited companies to mitigate tax burdens.    Simon goes on to run through potential strategies, including investing through Limited Companies / Special Purpose Vehicle (SPV) structures and strategically selling less profitable properties. Simon also warns about the risks and uncertainties associated with incorporation relief, emphasising the importance of thorough financial planning and consultation with accountants. The conversation concludes with advice on the importance of regularly reviewing property portfolios and making informed decisions to navigate the evolving landlord tax landscape.   #PropertyInvestment #Section24 #TenantTax #LandlordTax #LandlordAccounting #LandlordTaxAdvice #BuyToLetAccounting #BuyToLetTaxAdvice LINKS (RESOURCES) REFERRED TO IN THE PODCAST Optimise Accountants Section 24 (Finance Act 2015) Legislation Property Solvers' Post on Section 24 RELEVANT LINKS Property Solvers Investor Profiling Become an Auction Partner Property Solvers (Sell House Fast) Property Solvers (We Buy Any House) Property Solvers Auctions Property Auctions News How to Value Your House TIMESTAMPS 00:00 - Introduction00:23 - Explanation and overview of Section 24's impact04:05 - Section 24's impact on different taxpayers05:56 - Landlords raising rents and tax implications07:10 - Government's intent behind Section 2407:56 - Market consequences of Section 2408:49 - (Un)likelihood of reversing Section 2409:43 - Importance of strategic financial planning11:37 - Challenges with remortgaging and selling13:01 - Alternative strategies for dealing with Section 2414:18 - Benefits and complexities of incorporation17:07 - Implications of incorporation18:16 - Professional valuations for market value19:18 - Risks and uncertainties in incorporation relief20:25 - HMRC scrutiny of incorporation relief21:47 - Considering incorporation's payback period22:35 - Analysis needed before incorporating properties23:01 - Relevance of the "Ramsey" case25:04 - HMRC's unclear stance on incorporation relief26:12 - Caution against incorporating portfolios26:31 - Increasing HMRC scrutiny on landlords27:32 - Opportunities despite market challenges28:09 - Building portfolios within limited companies29:19 - Need for regular strategic investment reviews30:19 - Adapting to changing economic (and buy-to let investment) conditions30:59 - Anticipating future tax obligations32:14 - Optimism for increased rental demand33:32 - Rising rents and landlord market exit34:38 - Optimise Accountants' focus on property35:20 - Contacting Optimise Accountants36:21 - Work with accountants for tax planning and advice37:25 - Closing remarks and recommendations