For more tips and money-making ideas see Master Your Money the S.M.A.R.T Way training. Check it out for free - [ Ссылка ].

Landlords with more than three properties held in their personal name, or paying higher rate tax, should consider moving their property into a limited company to save tax.

Using a company structure can also help you pass property onto children while mitigating the inheritance tax burden.

It has been 5 years since George Osborne introduced his Sec 24 tax changes, penalising millions of buy-to-let landlords, but you can do something to legally avoid the ‘Osborne gut punch’.

The process is complex, legal and requires specialist advice. Landlords will incur fees, but the savings more than outweigh the costs.

With the right advice you can legally create a tax-free pot of money!

If you are a landlord or property investor with three or more properties in your own name and would like to save tax email or message me.

Learn why 85,000 Buy-to-Let Landlords Quit Property Rental Market - [ Ссылка ]

Personal Debt Soaring Citizens Advice warns.

Half Citizens Advice clients are falling behind with debt payments and budget.

With lending interest rates rising, unlike savings rates, and soaring inflation more and more people are using expensive credit card debt to pay for basic like food.

Citizens Advice guide to dealing with debts

1. Work out how much you owe, who to, and how much you need to pay each month
2. Identify your most urgent debts. Rent or mortgage, energy and council tax are called priority debts as there can be serious consequences if you do not pay them, and so they should be paid first
3. Calculate how much you can cover in debt repayments. Create a budget by adding up your essential living costs like food and housing, and taking these away from any income such as your wage or benefits you receive
4. See how you could boost your income, primarily by checking what benefits you are entitled to, and whether you are eligible for a council tax reduction or a lower tariff on your broadband or TV package
5. If you think you cannot pay your debts or are finding dealing with them overwhelming, seek support straightaway. You are not alone and there is help available. A trained debt adviser can talk you through the options available
Source: Citizens Advice

See: 10 Tips To Avoid Christmas Debt - [ Ссылка ]

The debt charity StepChange reports that the cost of living as their main reason for debt, and seven in 10 of them are women.

The credit report company Clearscore reports data which shows a 7.1% increase in the use of expensive overdrafts since 2021.

National Energy Action expects the number of UK households in fuel poverty to increase from 4.5 million last October to 8.4 million in April.

If you are struggling with debt there is help available through charities like Citizens Advice and Stepchange: See - [ Ссылка ]

You may also be able to reduce debt repayments or even write off all or most of your debts with the right professional advice. Email or message me.

Recessions create opportunities to make money and build a fortune if you have the correct mindset.

For more ideas and tips, see out my new training to help you get control of your finances in 28 days!

Click to join: [ Ссылка ]


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