Due to changing tax regulations (Section 24) buy-to-let landlords are less able to offset their finance costs against the profits from residential property investments. This is significantly reducing and in some cases eliminating returns.
Serviced accommodation provides an option for increased returns and a more tax efficient approach to property investment.
Serviced Accommodation (SA), is the provision of furnished accommodation for short term stays. The hotels, holiday rentals and serviced accommodation sector is classed as commercial and not residential for tax purposes, so it is not subject to the recent buy-to-let tax relief changes.
Furthermore significant capital allowances can be available on properties that meet the qualifying criteria.
At Lime Juice Property we provide a simple, flexible and refreshingly transparent approach to optimising property returns.
We partner with landlords and potential property investors to understand their needs and provide a range of serviced accommodation options to deliver the right solution for them.
For more information and an open conversation, don't hesitate to get in touch!
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At Lime Juice there's no typical investor, no one size fits all solution, but there are some ways of working, principles and values. If you have one property or hundreds and you'd like to discuss how you might do things differently or if you're thinking about how to get started then drop us a line or give us a call.
Lime Juice Property is a UK based company that operates nationwide.