HMRC take action on ‘hybrid’ Buy-To-Let schemes

HMRC take action on ‘hybrid’ Buy-To-Let schemes

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There has been some interesting developments on 4th October 2023 regarding tax efficient savings for Buy-To-Let property investors from HMRC perspective after some highly reputable tax saving firms using schemes that we have known, and explained to our clients for quite sometime, to not be as tax efficient as they have been marketing.

“HMRC’s view is that this scheme does not work. People who use these arrangements may have to pay more than the tax they tried to avoid as well as paying interest, penalties and high fees for using such schemes.”

Please click this link to read the full HMRC views on ‘hybrid schemes’ and if you have been affected by this then please contact us immediately to start rectifying any mistakes with HMRC before they contact you.

https://www.gov.uk/guidance/property-business-arrangements-involving-hybrid-partnerships-spotlight-63?fbclid=IwAR2JjK3m0oeryvGRpAHTmZKOaOvVTeIMbeWjZ5AD46kxhsfbbMIudO3vQEw

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