The number of landlords setting up limited companies to run their businesses through has increased dramatically as the April 6th tax relief deadline looms, it has been claimed.Lender Mortgages for Business says the number of landlords applying for loans through limited companies has increased from 21% of all applications in 2015 to 77% of today, an almost four-fold increase.Purchases and transfersMortgage for Business says the increase is made up of both landlords purchasing properties through newly set-up limited companies, and those transferring existing personally-owned properties to limited companies.The government is gradually reducing the finance cost relief that landlords personally receive on their mortgage interest payments each year between now and 2021, when the relief will end.Limited company mortgages are also quickly starting to eat up more of the overall buy-to-let market, increasing from 18% two years ago to 47% today, and the number of buy to let mortgages available has increased too, by more than a third.“With the changing face of the buy to let mortgage market, it is no surprise that lenders are keen to appeal to limited company borrowers,” says David Whittaker, CEO of Mortgages for Business (pictured, left).“We have been recommending for some time that our clients seek professional tax advice to determine whether incorporation is the most suitable route for their circumstances, and these figures can only further encourage landlords to consider their position.”But setting up a limited company is not the only strategy open to landlords. John Eastgate of OneSavings Bank (pictured, right), says many of his landlord clients have also been transferring ownership of properties to “a spouse or other or partner in a lower tax bracket”.“Worryingly, one in six landlords do not understand the financial implications of the changes and will be in for a nasty shock when they find that they can no longer deduct all finance costs from rental income at the end of the 2017/18 tax year.”John Eastgate Mortgage for Business OneSavings Bank David Whittaker April 5, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Number of landlords setting up limited companies rises nearly four-fold previous nextProducts & ServicesNumber of landlords setting up limited companies rises nearly four-foldMortgage brokers says tax relief reduction is driving landlords to seek new ways to avoid paying extra tax.Nigel Lewis5th April 20170978 Views
SECAUCUS–NJ Transit released its modified spring rail schedule Wednesday. The schedule, which goes into effect May 7, is largely designed to provide improved passenger connections at Secaucus Junction. To assist in that effort, eight Main/Bergen County and Pascack Valley Line trains in the later afternoon and early evening will leave Hoboken Terminal several minutes later than normal. This will extend connection times at Secaucus Junction from 7 minutes to 10. The change is in response to feedback customers gave NJ Transit at a recent “We Are Listening” forum in Secaucus. To see the timetable, visit http://www.njtransit.com/tm/tm_servlet.srv?hdnPageAction=PressReleaseTo&PRESS_RELEASE_ID=3135 ×
Jo Fairley is co-owner of Judges organic bakery and grocery in Hastings and co-founded Green & Black’s chocolate firm with hubby Craig SamsThree years ago, Craig – who opened Britain’s first organic bakery on Portobello Road, in 1972 – bought our neighbourhood bakery on our own, less-than-Portobello-ish bustling street, in Hastings.Like so many, it was sleepy. By 2pm, they’d run out of bread, and ticked over doing some trade in the café area, where regulars could (and did) nurse a 70p pot of tea and a scone for four undisturbed hours.We only ran the café for two days, over which it took the princely sum of £200, barely covering staff costs.It’s a pattern I see repeated up and down the country. Where bakeries do have an adjoining venture, it tends to be café-style. sleepy, and with prices so low, it’s hard to see how any money can be made out of an area that, quite often, gobbles up more than half the shop’s available floor space.For high-street bakeries to survive – when so much bread is sold in supermarkets – I believe there has to be a new way.Our solution was to close down the café, rip out the inglenook (with permission from the conservation officer), and transform the café area into a one-stop organic and local food shop while retaining the bakery counter, so as not to frighten the horses – or rather, the many devoted local customers.We installed library-style adaptable shelving, scoured local antique shops for unusual bits of furniture with which to ’break up’ the space, and sourced produce from the wealth of farmers, cheesemakers and vintners who flourish on the rich soil of East Sussex.Now the nicest comment from customers who step inside is, “Wow, now I don’t have to go to Sainsbury’s any more…” They can – and do – buy literally everything from a single carrot to a pork chop, right up to vintage organic Champagne. The fresh bread and cakes bring customers in far more often than a typical deli might expect – and when they’re there, customers buy a lump of excellent cheese, or a bottle of milk.Many of them now shop with us three or even four times a day. We have one customer who says she’s got rid of her fridge because she doesn’t need it any more. Our clientele is cutting out food miles, by choosing to shop on their doorsteps rather than driving to the supermarket – and as a result, the local economy is thriving.The net result is that we have boosted turnover in our tiny 450sq ft store from £220,000 a year to £800,000. We even have franchisees interested in replicating the concept, having seen that we’ve done the groundwork to source the very best products anyone’s taste buds could wish to encounter.So for high-street bakeries, there is a future – but it may well lie beyond the ubiquitous scone and a pot of tea!
Today’s news that Newport’s property market is the fastest moving in Britain has been welcomed by the Secretary of State for Wales, Alun Cairns.The figures published by property portal Rightmove further evidences how the Welsh economy is going from strength to strength, significantly bolstered by the reduction of the Severn tolls and UK Government’s commitment to abolishing them at the end of this year.A key poll taken at the first UK Government Severn Growth Summit in January revealed that 97% of delegates felt that the removal of the Severn tolls would be of benefit to Wales and companies on both sides of the border are already benefitting from the removal of VAT from the crossing tolls earlier in January.Secretary of State for Wales Alun Cairns said: When I became Secretary of State for Wales I made it my number one priority to abolish the Severn tolls and send a direct message to industry, commuters and tourists in the UK and globally that Wales is open for business. This UK Government decision is about spreading prosperity across a natural economic region that has been severely hindered by the tolls for over half a century. With tolls being abolished later this year, it is great to see the transformation of the joint economic and cultural prospects of South Wales and the South West of England already underway. It is just the start of a series of policies that will see the whole of South Wales benefit from an active intervention by the UK Government. Scrapping the tolls will be the biggest economic stimulus in decades and will transform the economic and cultural prospects of the south Wales and south west England region, making it easier to do business, to increase inward investment and tourism and to create jobs.Notes to editors The Severn Growth Summit was held in January at the Celtic Manor Resort where over 300 guests from both sides of the estuary joined the Secretary of State to discuss cross border growth opportunities following the abolition of the Severn tolls. The Secretary of State for Wales will mark two years in the post on Monday 19 March with the abolition of the tolls highlighted as a key achievement of his tenure.
Subway has launched a new £1.7m cross-channel campaign to promote its £2 breakfast offer, in a bid to tempt commuters into its stores.It comes as the chain also announced it will be extending opening hours, nationwide, with breakfast items now available between 7am and 11am on weekdays.Consumers will have a choice of three six-inch subs or flatbreads, filled with either its new Beechwood Smoked Bacon option, Sausage, or Egg & Cheese, with either a hot or cold regular drink.The campaign will include TV, radio, out-of-home and print activity.Manaaz Akhtar, regional marketing director for the Subway brand in Europe, said: “By increasing our promotional activity and committing to extending the opening hours of our stores from 7am on weekdays, we believe both new and existing customers will be encouraged to try our great-tasting, value breakfast range as we try to make their mornings just a little bit easier.”The chain has also unveiled a series of improvements to its packaging and operation procedures, following its decision to sign up to the WRAP Hospitality and Food Service Agreement in April this year.For example, its hot drinks will be served in a double-wall cup, instead of the previous triple-wall, which it estimates will save 30 tonnes of pulp per year across Europe, and take approximately 25% less energy to produce.Meanwhile, the breakfast subs will be served in fully recyclable sub wrap, which is made from 30–40% recycled material, using paraffin-based wax and 100% biodegradable, printed with water-based inks.
Notre Dame students gathered to learn about service opportunities and to kick back as they kick started the new semester with the Notre Dame Circle K’s Service Extravaganza in the LaFortune Student Center ballroom Sunday. The group started with full force as students wrote letters to soldiers, tied the remaining blankets from the Aidan Project in December, crafted dog toys for the Humane Society and made hats for the Center for the Homeless and local hospitals. Senior Jessica Choi, publicity officer for Notre Dame Circle K, said the Service Extravaganza is a way to spread the word about Circle K. “We hope to expand our membership and show everyone the joys of doing service,” Choi said. The president of Notre Dame Circle K, Alyssa Casill, said approximately 100 students serve in the club each year. The group is part of Circle K International and organizes 12 weekly projects as well as others throughout the semester. “We do pretty much any kind of service you can think of,” Casill said. “[The projects] range from going to Saint Mary’s Convent to the Humane Society.” This semester, Notre Dame Circle K will begin cooking and serving dinner at the South Bend Catholic Worker, a homeless shelter and drop-in center. “The other new project that we’re doing is with Corvilla, which is a home in South Bend for people with disabilities,” Casill said. “That’s going to be more of a monthly project. They have different events for people living in the homes there. In two weeks, they’re doing a snowball softball tournament, so we’re going to go there and help out with that.” Since one of Circle K International’s main tenants is fellowship, Casill said Notre Dame Circle K will host more events that allow members to get to know each other this semester. “We just want to get as many people involved in as much service as possible,” she said. Sophomore Andy McAsey said he participates in the Logan Center Bowling project through Notre Dame Circle K. “We have fun bowling with people with different disabilities,” McAsey said. Sophomore Caitlin O’Connell said she attended the Service Extravaganza to learn how to become involved in Notre Dame Circle K’s service projects. “I’ve been to the Center for the Homeless one time, and I really liked it,” she said. “And I had a little extra time this semester.” Students interested in becoming involved with Notre Dame Circle K can attend meetings Sundays at 7 p.m. in the Notre Dame Room in LaFortune.
Charlotte’s easy access to outdoor recreation makes it a metropolitan mecca for adventure. The U.S. National Whitewater Center is located within the city limits of Charlotte and situated adjacent to the Catawba River, this 400-acre facility features an re-circulating whitewater river, as well as 14 miles of mountain biking trails, and a 46-foot open-air climbing wall.At 98 acres, Charlotte’s Freedom Park features city owned rental bikes and a well-maintained network of walking, running, and biking trails. Crowders Mountain is just a stone’s throw from the city, offering miles of trails and outstanding bouldering. Some other outdoor highlights in the Charlotte area are Lake Norman, the McDowell Nature Center, the Little Sugar Creek Greenway, and Renaissance Park.Did you know? The U.S. National Whitewater Recreation Center in Charlottes also serves as the official training facility for whitewater slalom racing.Vote now at blueridgeoutdoors.com!
1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions are fully capable of assisting the Financial Literacy and Education Commission (FLEC) in achieving its financial literacy goals, CUNA wrote to the U.S. Treasury Wednesday. The Treasury requested comment on FLEC’s draft national strategy, which proposed a call to action in four areas deemed crucial to the promotion of financial education.The goals are: building public awareness of available resources; developing tailored, targeted materials and dissemination strategies; tapping into effective partnerships; and supporting research and evaluation of financial education programs.“We believe credit unions are capable of assisting the commission in achieving these goals. In particular, credit unions are a natural partner to assist in achieving the first goal of increasing awareness of and access to effective financial education,” the letter reads. “Credit unions place a heavy emphasis on connecting directly with their members. This applies equally to answering a member’s question about a loan product as it does to educating a member on how to pay for college or save for retirement.” continue reading »
Nov 3, 2009E coli outbreak with 2 deaths linked to ground beefAn outbreak of 28 Escherichia coli cases in 16 states, with two deaths, has been linked to ground beef from a firm in New York, according to federal officials. The US Department of Agriculture reported Oct 31 that Fairbank Farms of Asheville, N.Y., was recalling 545,699 pounds of ground beef potentially contaminated with E coli. Yesterday the Centers for Disease Control and Prevention (CDC) said isolates from seven patients genetically matched an isolate from an opened package of the firm’s ground beef from a Massachusetts patient’s home. Most of the patients fell ill between Sep 17 and Oct 10, the CDC reported. Sixteen were hospitalized, 3 suffered hemolytic uremic syndrome, a form of kidney failure, and 2 died, the agency said. States affected by the outbreak are California, Connecticut, Massachusetts, Maryland, Maine, Minnesota, New Hampshire, New Jersey, New York, Pennsylvania, South Dakota, and Vermont. Most of the recalled products list “Est. 492” on the USDA mark of inspection and carry the date “091509” or “091609.”Oct 31 USDA recall noticeNov 2 CDC statementChinese woman treated for H9 avian flu in Hong KongA woman from Guangdong province on the Chinese mainland is being treated in Hong Kong for a rare case of H9 avian influenza, Hong Kong government officials reported today. The woman fell ill with breathlessness and a cough Oct 26 and was admitted to a Hong Kong hospital 2 days later, the statement said. The woman, who has a preexisting medical condition that requires regular medication, is in stable condition in isolation. Five previous H9 infections have been identified in Hong, all involving children, in 1999, 2003, 2007, and 2008, officials said. They gave no information about the source of the infection.WHO issues pandemic guidance for non-health sectorThe World Health Organization (WHO) has released a set of guidelines—developed before the H1N1 influenza pandemic—on pandemic preparedness outside the health sector. The 18-page document includes sections on business continuity management, interdependencies among essential services, government’s role, and the role of other organizations. A foreword cautions that, because the guidance was developed before the H1N1 pandemic, some information and recommendations may not be relevant to the current situation.WHO document “Whole-of-Society Pandemic Readiness”
The most famous and most awarded Croatian photographers Mario Romulić and Dražen Stojčić from Osijek after impressive timelaps videos of Hvar, Baranja, Motovun, Šibenik, Krka National Park and others showed a new excellent timelapse video that shows all the charms of Croatian natural heritage.By the way, Timeless Beauty is the first video that Romulić & Stojčić studio from Osijek shot for the Ministry of Tourism, and another one is planned, which will be dedicated to our historical and cultural heritage. Time lapse is a technique of obtaining a video resulting from a series of photographs taken at a certain interval that gives the impression of an accelerated passage of time. It takes twelve minutes to get twenty-four night photos in a time laps technique that results in one second of video.We should certainly commend the Ministry of Tourism for finally using the best we have to promote our tourism, which we have in our backyard. We all know how important photography and video are in tourism, and to have such, I can freely say, geniuses when we talk about professional photography, and not to use their talent to our “benefit” would be insane.Let us respect ourselves so that others may respect us. And we have something to be proud of, in fact, this is just one small cube in our tourist mosaic. Relax and enjoy Related news: