HMRC Attacks Hybrid Business Property LLP Model | Discover the Insight | UK Property Accountants

HMRC is responsible for ensuring that individuals and businesses in the UK pay the correct amount of tax. Over the years, HMRC has encountered various tax planning schemes designed to minimise tax liabilities. In recent times, HMRC has become aware of a particular scheme marketed to individual property landlords as a tax planning option.

This scheme, sometimes referred to as a hybrid business model, makes bold claims about its:

Ability to bypass and avoid mortgage interest relief restrictions allowing interest deductions,
Reduce tax on property business profits,
Decrease Capital Gains Tax (CGT) upon property sales, and
Reduce Inheritance Tax (IHT) upon the landlord's death.
However, HMRC firmly maintains that this scheme does not work as intended.

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