The Property Podcast ASK464: Is it time to expand? PLUS: Can my letting agent deduct tax?
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Feb 18, 2025 In this episode, listeners dive into property investment strategies with a focus on leveraging a £180,000 portfolio. The hosts discuss the intricacies of balancing returns against borrowing costs, especially in the Derby market. One listener, an expat, learns about the complexities of non-resident landlord tax regulations and how they might affect her properties back home. The conversation uncovers essential tips on collaborating with property agents to navigate these challenges effectively.
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Assess Investment Viability
- Analyze potential returns on investment by comparing borrowing rates with achievable returns.
- Avoid investing if the return is lower than the borrowing rate, even if capital growth is expected.
Avoid Risky Investments
- Don't solely rely on predicted capital growth to justify an investment if returns are lower than borrowing costs.
- Secure a return higher than the borrowing rate or wait for better market conditions before investing.
Avoid Rental Income Tax Deductions
- Apply to HMRC for approval to receive full rent without tax deductions if you are a non-resident landlord.
- Provide the confirmation number from HMRC to your agent to avoid deductions.