We’ll sell your property portfolios in 7 days for 85% – 95% of the value so you can cash in and retire

You’ve built up a property portfolio over the years and your asset rich, but now is the ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - We’ll sell your property portfolios in 7 days for 85% – 95% of the value so you can cash in and retire | LandlordZONE.

We’ll sell your property portfolios in 7 days for 85% – 95% of the value so you can cash in and retire

You’ve built up a property portfolio over the years and your asset rich, but now is the time you’ve decided to cash in and become cash rich.

For many landlords, this year has been the year of the “cash in and retire” strategy. And with house prices sky high, it makes sense. That coupled with the fact that the market won’t be this high again for another 7 years, it’s no surprise that portfolio landlords throughout the UK are rushing to sell their assets before the year closes.

According to research from Foundation Home Loans, the value of an average portfolio landlord’s properties – those with more than four buy-to-let mortgages – exceeds £2 million, leading more landlords to look into releasing equity. And the timing makes sense; landlords are seeing a huge opportunity to tap into equity levels which might have been boosted by the increases in property values.

But owning a portfolio brings its own issues: tenants who won’t leave, refurbs, mortgages, and for larger portfolios, the organisation required to get all of the properties onto the market and sold. Estate agents just don’t cut it. You need the professionals.

This is where we come in. Here at Landlord Sales Agency, we’re experts in selling portfolios, no matter what the property, in a matter of weeks and even days. Be it as a job-lot, or to several of our many eager buyers ready on our books, we’re getting whole portfolios sold faster than anyone else, and for higher prices than anyone else. What’s more, all you need to do is contact us, and our team of experts will do all the rest.

It’s a bold statement, but it’s exactly what we’ve been doing for hundreds of landlords. And you don’t have to take our word for it, our reviews do all the talking.

  • We’re the best for sellers with prime stock in London and the South East
  • We have a ready-made list of hundreds of cash buyers ready to buy your portfolio for the highest price
  • Our fast sale option is efficient and delivered to a standard of excellence, getting you 85% – 95% of the market value of the portfolio, a huge bang for your buck for a sale that takes less than a week
  • We can fix any problem to get you a sale in days, even tenant issues

With a team of 20 years of experience in selling properties specifically for Landlords, plus experts who have personally got over the line 2,500 properties, we’re unrivalled. Be it tenant issues, mortgages, access issues, absolutely nothing is standing in our way from getting Landlords the highest prices in record times.

We’re a team who knows exactly what we’re doing, and we’ll get it done for you.

There’s never been a better time to sell up and cash in than right now.

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©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - We’ll sell your property portfolios in 7 days for 85% – 95% of the value so you can cash in and retire | LandlordZONE.

Source : Landlord Zone More   

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New Income Tax penalty system to go live in 2023

From 2023 landlords in the UK with an annual income over £10,000 will have to file their ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - New Income Tax penalty system to go live in 2023 | LandlordZONE.

New Income Tax penalty system to go live in 2023

From 2023 landlords in the UK with an annual income over £10,000 will have to file their tax returns via HMRC’s new Making Tax Digital (MTD) initiative.

Through MTD, landlords will not only submit one annual tax return, but also quarterly submissions of income and expenditure, to give a real time snapshot of their tax position throughout the year.

(Find out more about what’s affecting UK landlords in the Tax World by reading our Ultimate Guide to Landlord Tax Returns!)

And with a change of process also comes a change in the penalty system. HMRC is bringing in a new points-based penalty system to better align with MTD.

According to HMRC the aim of the new penalty system is to be more supportive of those with genuine reasons behind mistakes or late filing, while still fining those who are consistently late.

How has the penalty system changed?

Some could argue that rather than being simpler, it is more complicated. The system measures fines by length of time since late submission, with the penalties accruing once the clock starts ticking.

The new system works in a similar way to the UK driving licence. You receive points on your record if you have a late submission – and once you pass a certain point “threshold” then you receive a penalty.

Here’s how it works

When a taxpayer misses a submission deadline they incur a point – these points build up to penalty thresholds, with each submission obligation (i.e. quarterly or annually) having a different threshold. Once this point threshold is reached, then a fixed penalty amount of £200 will be issued for every missed submission.

The Penalty thresholds are as follows;

Submission frequencyPenalty threshold
Annual2 Points
Quarterly4 Points

If the penalty threshold isn’t passed, then the points will be cleared after two years.

But if the points threshold is passed, then all the points gained will be wiped only AFTER they have met a period of compliance as set by HMRC (Annual submissions 24 months, Quarterly submissions 12 months) AND submitted all the submissions due from the previous two years.

For late payment, penalties are issued by length of time passed from the due date – however HMRC have said that they will take a ‘lighter’ approach for the first year of implementation, and a way of easing taxpayers into the system.

The basic structure surrounding penalties for late payment is;

Number of days latePenalty
0-15No penalty
16-292% of outstanding amount
304% of outstanding amount
31+ (2nd penalty only)4% per day on outstanding amount

But don’t worry – This will not come into effect until 2023, and HMRC will be releasing more information in the lead up to the new system going live.

Want to stay up to date with all things Landlord & Tax? Sign up to the APARI community here.

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - New Income Tax penalty system to go live in 2023 | LandlordZONE.

Source : Landlord Zone More   

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