Milsted Langdon, in partnership with Orchards Estates, recently organised and hosted a seminar covering buy-to-let.
Attended by 60 guests, the seminar – which was held at the Red House in Yeovil – set out to address topics that can be overwhelming for individuals that are new to the buy-to-let market. In fact, because being a residential landlord presents a host of regulatory and commercial challenges, Milsted Langdon has prepared a Guide to Residential Property Letting.
Following a presentation by Mathew Wood of Orchards Estates, Stephen Griffiths, Tax Partner at Milsted Langdon, gave his presentation on a number of subjects, such as why buy-to-let should be considered, capital gains tax, inheritance tax, loan interest deductions, and incorporation. He also provided useful examples to aid the explanation of critical points, especially surrounding SDLT mitigation techniques.
A question and answers session followed with many queries from individuals asking about the changes announced in the Summer Budget for buy-to-let landlords.
Stephen Griffiths said: “This was a very successful evening and I was happy that I had the opportunity to meet so many people and discuss the pitfalls and obstacles typically encountered by buy-to-let clients. I would always advise that in situations where you’re unclear that you seek professional advice, and I will be happy to discuss with individuals how I can assist them.”