“Nathan is always very efficient and has been very helpful all the way through the process of my property purchase. The whole process went very smoothly and I have recommended One Touch to others.”
The thorn in landlords’ sides has been the additional taxes levied on buy to let property, as well as the reduction in tax breaks as it is making traditional buy to let less attractive.
For landlords who have recently completed their tax returns, they would have started to feel the pinch, this is going to be worsened in the future as the full impact of the mortgage interest tax relief comes into place. Higher income earners are going to be the worst hit. You can act and avoid the implications of this punitive tax by diversifying your portfolio with holiday rental investments.
Find out the full details by downloading our guide.
To convert an existing property into a holiday let, you would need to completely redecorate it and furnish it to a standard expected of a holiday apartment.
Many hands-on investors will be thrilled by this news and could start converting some suitable properties within their portfolio to holiday lets. However, not all landlords may benefit from having properties located along the coast or in busy tourist cities.
Don’t let the idea of short term lets, managing advertising through Airbnb and the frequent cleaning dissuade you. The good news is that some holiday rental properties are available to purchase within a resort with on site activities and watersports which will increase occupancy and come fully managed.
Download this guide and put your plans in action.
Capital allowances are available on furnished holiday lets, which means that investors can further maximise their income, something which is unavailable for traditional buy to let properties. There is also mortgage interest tax relief that is applicable. This means that investors will virtually pay no tax for the first four years of the investment.
For example, someone who invests in a £225,000 furnished holiday let may claim £63,113 in capital allowance.
Other benefits include the unit being fully managed, which means investors will not have to worry about finding occupants and managing letting the holiday home.
Download our brochure to understand the full tax benefits of investing in a fully managed holiday home.
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