Areas of Expertise
The Best Accountant & Tax Adviser For You
BTL | SPV Startup
Personalised Company Setup for New Landlords
ICE Chartered Accountants provides clients with customised company structures. The structure is decided jointly with the client as an output from the Discovery Call
Standard Landlord BTL | SPV Package
Ongoing tax advice, newsletters and preparation of annual accounts and tax returns for the company
Use Trusts to Reduce Property Taxes
Develop strategies on how trusts can be used to minimise taxes and secure the future of property assets
Transition Between Property Structures
Mitigate the adverse impact of Mortgage Interest Relief Changes and reduce Inheritance Tax
ICE Chartered Accountants cares about your personal and business interests. With tailor-made accounting services at your disposal, we’ll make sure you maximise your expense and other legitimate deductions claims and minimise your tax. We specialize in taking care of your company's financial affairs so you can concentrate on the things that matter most. Contact us in order to hire our services immediately.
Trusts can be used for:
Protection of an asset — the beneficiary may become unable to manage the property themselves or become mentally incapable of doing so or be a minor (i.e. legally a child under the age of 18 years) who cannot take on responsibility for the property themselves. Protection may also be possible should the settlor or beneficiary divorce or be made bankrupt (although this may not always be the case - see section 1.2).
Medium to long term wealth management – trusts are increasingly being used in determining someone’s overall wealth strategy by either enabling specific assets to be included in the owners’ estate or ensuring that the asset continues to be held possibly for future generations and not sold.
Flexibility – a trust can be created to adapt to the beneficiaries’ changing circumstances so that an outright gift cannot; e.g. the owner may wish to provide for beneficiaries who might not have been born at the time of the creation of the trust. Trusts can be beneficial for those settlor’s who are married but wish to provide for children from a previous marriage.
Provision of income – a trust can enable the income from assets to be given to one person (e.g. a surviving spouse/civil partner) whilst keeping those assets safe for future generations - this is particularly relevant to let property.
Reduction of tax – property placed within a ‘Discretionary’ trust does not form part of the settlor’s estate on death and as such reduces any inheritance tax liability that otherwise might be charged
Nobody in their right mind wants to pay more tax than they have to. However, most property investors simply don’t know that they can structure their tax affairs to reduce how much tax they legally pay, let alone how to go about doing it. Very few are aware of the existence of the many forms of tax relief or alternative ownership structures available to help reduce their tax burden.
In most cases, when property investors think of tax planning, they tend to focus on Income Tax efficiency because it’s ever-present and often we can make changes that bring about an immediate benefit.
However, the largest tax bill that most property investors fear - and quite rightly - is the tax that they pay when they sell property (Capital Gains Tax “CGT”) and when they die (Inheritance Tax “IHT”).