BTL Tax Advice Enqury

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Should your clients be owning their BTL properties personally, through a partnership, or as a limited company?

To provide your clients with bespoke independent tax advice in this regard, Black Book has partnered with a nationwide firm of Chartered Accountants with 14 Partners and 125 staff, across 3 UK locations, and established for over 70 years.

Through this service, you can arrange for your client to receive an individually-tailored professional opinion regarding the optimum tax structure for their circumstances, by simply completing the questionnaire below. Based on the information provided, and any follow-up conversations directly with your client, the Accountancy firm will then provide a written opinion as to how the client should best structure the ownership of their current and future investment properties.

NOTE: The charge for this written tax advice service is £300 + VAT, chargeable by the Accountancy firm, directly to the client.

Introducer Details

Introducer Name

First Last

Introducer Company Name

Introducer Email Address

Introducer Contact Number

Client Details

Client Name*

First Last

Client Telephone Number*

Client Email Address*

Is Client a tax resident in the UK?

Client's highest rate of income tax paid in 2015/16? (or if applicable for 2016/2017)*

Client Spouse's highest rate of income tax paid in 2015/16 (or for 2016/2017) *If Applicable*

Will income exceed £100,000pa due to the rental income received, or will the rental income push income into a higher tax rate band?*

Does either the client or spouse have any unused capital losses brought forward from earlier years?*

Is the client already a private Landlord?*

Regarding your new BTL purchase, please confirm:

Expected loan interest amount per annum?*

Expected rental income per annum?*

How many BTL properties does the client currently own?*

Total borrowing outstanding?*

Total interest cost of borrowing per annum?*

Total rental income receivable per annum?*

Total value of current portfolio?*

Does the client operate the portfolio as his/her main business?*

Does the client have any partners that operate the business with them?*

If you are now adding additional property/s, please confirm:

Expected loan interest amount per annum?*

Expected rental income per annum?*

How long does client envisage owning the investment property/s for?*

Will excess rental income be used for day to day living expenses?*

Does client intend to acquire further BTL properties in the near future?*

Will client need to use the excess income generated by those properties?*

If the client formed a company to acquire the investment property, who would be the shareholders of the company and what was their highest rate of income tax in 2015/16?

Director 1 Name:

Highest rate of tax:

Director 2 Name/ Relationship to Director 1:

Highest rate of tax:

Director 3 Name / Relationship to Director 1:

Highest rate of tax:

Director 4 Name / Relationship to Director 1:

Highest rate of tax

If the ownership of the properties will be in the clients name/company name, and the client is the only shareholder, would the client's intentions be to pass the properties down to his/her children?*

As part of the ownership structure, would the client require advice on planning for Inheritance tax?*

Does the client already have an Accountant providing tax advice?*

If so, please provide his/her email address as the Accountancy firm will need to contact them to inform that they are advising in this regard.

Name

First Last

Email Address

As part of providing this service, the Accountancy firm are required to obtain a copy of your passport and recent utility bill to fulfil anti money laundering requirements. Copies will suffice.

Additional Comments to Note:

Terms & Conditions*

I have read and agree to the T&Cs and in particular to the data protection clause stating that Black Book Finance Ltd (BBF) will become the Data Controller responsible for client data received for the purpose of pursuing a loan application under the terms of this agreement. By ticking and accepting BBF’s T&Cs you are confirming and consenting that you have your clients’ consent to permit BBF to use your clients data. This is no way affects your own responsibilities as an Intermediary under DPA and GDPR.

BTL Structure – Tax Advice Enquiry

Introducer Details

Client Details