We offer a total service for the prospective novice property investor who has funds from £10,000 to invest. Once we fully understand your requirements we can source suitable properties for your consideration and present these to you on a regular basis.

For the more experienced investor it is important to have a balanced and diverse investment portfolio, for example you may wish to have a mix of student accommod ation, apartments in a city centre and commercial property. You can tailor your portfolio to suit your needs with either low cost high yield properties with little capital growth or higher value properties with both a good yield and attractive capital growth.

Many of our landlords choose to spread their risk exposure by purchasing through our network of offices that cover Loughborough, Leicester, Derby, and Burton on Trent. We then find a tenant and provide a full management service if necessary. This means that you have all the benefits of investing in property without having to do any of the associated work.

We have extensive experience gained over a number of years in the property market and are continually seeking out suitable properties for acquisition to ensure that our investors are aware of the best investment opportunities that are available.

If you would like to discuss any of the above services please email nickh@nicholashumphreys.com and he will direct you enquiry to the relevant member of the team.

Tax Guide

What follows is a brief guide to the tax position of individual owners and investors. Everyone's circumstances are of course different, so this section does not replace the need for each investor to seek independent tax advice from an accountant ox tax adviser, but it does outline some of the main considerations. The rules referred to relate to the law in force at the time of this section going to print.

Income Tax

For income tax purposes the investor will be treated as operating a rental business in respect of the rents produced by their new investment. Broadly the taxable profit of your rental business will be computed by reference to total rents received less related allowable expenses. Allowable expenses includes management fees, service charges, certain legal and professional fees associated with the ongoing letting (such as evicting unsatisfactory tenants with a view to re-letting and renewing short leases) the costs of repair and maintenance of the property and interest paid on a loan to acquire the property.

The capital cost of acquiring the property (including any legal and professional fees in respect of the acquisition) or any furnishings or furniture are not allowable expenses. However, it is possible to claim an annual wear and tear allowance (currently 10%) on the cost of providing furnishings and furniture.

Any losses incurred on the rental business can be set against your total taxable income or gains of the current or proceeding tax year. Any unrelieved losses are carried forward to be set against future profits of the rental business.

Capital Gains Tax

Chargeable gains on the sale of the property will qualify for taper relief at the non-business asset rate. That means that part of the gain will be exempt after three years of ownership.

Stamp Duty Land Tax (SDLT)

SDLT will be due on the acquisition of the property if the purchase price is over £120,000.

Inheritance Tax

The property will form part of your taxable estate for inheritance tax purposes.

If you would like to discuss any of these topics or the financing of your portfolio further then please feel free to email our financial Director Tim Clark at timc@nicholashumphreys.com who will call you for a chat.

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