Property 118 Review: Contact & Cotswold Barristers Review


Property 118 Review: Contact & Cotswold Barristers Review

At the time of writing this Property 118 review, landlords are still having to deal with the consequences of Section 24 tax changes and the additional 3% Stamp Duty on second homes. Landlords are also having to consider the best structure for their property rental business too.

If you are a property landlord and investor, you’ll have to deal with one tax or other at some point in your property dealings. Taxes that affect property landlords and investing include, Income Tax, Corporation Tax, Capital Gains Tax, Stamp Duty and Inheritance Tax. Depending on what deal you are doing, or what you need to know from a tax perspective, you will probably need to seek specialist property advice at some stage.

This is why I thought I’d review Property 118, so you can decide whether you choose this company to help you with your property tax advice.

This Property 118 review reveals a professional services company providing tax advice to property landlords. This includes property tax planning, the incorporation of property rental businesses, guidance on ownership structure, help to solve your Section 24 Tax problem and inheritance tax planning.

Property 118 review and overview

Property 118 review and overview

Before you take a look at the features provided by Property 118, you might like to read a snippet from a customer testimonial:

Our Consultation with Property118 focused on the optimal share ownership structure for our business…save to say the modified share structure of our property investment company will save us several thousands of pounds every year in income tax and potentially millions in IHT.”

Customer testimonial for Property118 Tax Planning – You can read the full testimonial here.

In this Property 118 review, let’s take a look at the top features of their services for property landlords:

Table of features of Property 118

FeatureBenefit to you
Property landlord tax planningYou benefit from the expertise of a tax team, which is backed up by Cotswold Barristers who specialise in property tax for landlords. The advice you receive will often lead to tax savings for you as a property landlord.
Incorporation of property rental businessIf you've been agonising over whether you should incorporate your property rental business, the tax specialists at Property 118 will guide you though the incorporation of your property rental business decision.
Incorporation softwareProperty 118 have developed software to help you calculate how much better off you will be by incorporating your property rental business. Which means for a small investment in their software, you will know if you would benefit, but before you go through the expense of making the changes to the way you run your property business.
Guidance on ownership structureYou will benefit from a review of your current ownership structure of your property rental business, and how your rental business could benefit from restructuring.
Help to solve your Section 24 Tax problemIf you are paying too much tax as a result of the Section 24 Tax changes, you could benefit from Property 118's Section 24 Tax solution. This Section 24 Tax structure is backed by professional indemnity insurance is reviewed by Cotswold Barristers at no extra charge to you.
Inheritance tax or legacy planningYou may need help and advice about how to protect your investment properties from Inheritance Tax in the future. Using the correct structure during your lifetime can help you save Inheritance Tax on your death. This means your children will pay less Inheritance Tax on your property investments, and receive a more valuable investment when you're gone.
Limited liability partnershipsYou may also want to receive advice on the formation of a limited liability partnership (LLP), which is an alternative to a limited company. This is advice you will also receive from Property 118, as an alternative structure for your property business.
Stamp Duty advice and savingsYou may require specialist property Stamp Duty advice, or you may have overpaid Stamp Duty in the past. You could benefit from a Stamp Duty (SDLT) review to see if you could receive a refund. If you think you may have over paid Stamp Duty, you need to act fast as there's a strict 12 month window of opportunity to reclaim overpaid SDLT from the Stamp Office. Take a read of this article about Stamp Duty relief on properties split into multiple dwellings. Even if you don't have a refund due, the article may give you ideas about how to find your next best property investment.
Pros and cons of sole ownershipReceive a consultation about the pros and cons of "Sole Ownership" of a property rental business.
Pros and cons of joint ownershipReceive a consultation about the pros and cons of "Joint Ownership" of a property rental business.
Pros and cons of PartnershipsReceive a consultation about the pros and cons of "Partnership Ownership" of a property rental business.
Pros and cons of LLP’sReceive a consultation about the pros and cons of "Limited Liability Partnership (LLP) Ownership" of a property rental business.
Pros and cons of Limited CompaniesReceive a consultation about the pros and cons of "Limited Company Ownership" of a property rental business.
Pros and cons of Plc'sReceive a consultation about the pros and cons of "Public Limited Company (Plc) Ownership" of a property rental business.
What are the pros and cons of Property 118

What are the pros and cons of Property 118

As with any purchase you make there are always pros and cons to take into consideration. Let’s take a look at Property 118 Pros and Cons:

The pros of Property 118

The cons on Property 118

  • The initial fact find comes at a cost of £400.
  • The advice is done via video conference rather than face-to-face.
  • There will be a cost to you if you decide to act on Property 118’s recommendations and advice. This cost will depend on the individual advice and legal work required to change your property rental business structure. But you should look at the charges by Property 118 as an investment, rather than as a cost, as you’ll receive tax savings as a result of implementing the advice received. Also, the cost of the tax planning advice will be tax deductible too.
  • The specialist software to help you calculate how much better off you’ll be if you transfer your property rental business into a Limited Company comes at a cost of £97.
Are Property 118 a legitimate business

Are Property 118 a legitimate business?

Property118 is a legitimate business, and judging by the number of testimonials, they have many happy property landlords.

As we all know, the internet is a double edge sword. For those that remember a time without the internet (and I’m one of those), we can’t now imagine being without it. But for those of you who’ve grown up with the internet, you probably can’t imagine what it would even be like without it.

However, with all the benefits the internet has brought to the world, there are definitely a few downsides. One of which is all the scams and fraudsters that are online waiting to defraud you of your money. I’ve had it done to me. Scammers took money directly from my bank account – £6,500 ($8,500!) no less!!

As a result of the scams and frauds on the internet, you can never be too careful. Therefore, before you buy anything, it’s always a good idea to check to see if the company is legit vs a scam.

To give you a bit of confidence to invest your money in Property118, here are a few Property118 reviews or testimonials from people who have used their professional services:

“…following clause 24 and as a portfolio landlord, I have researched and agonised for the best part of two years whether or not I would benefit from incorporation. So I paid 118 for the initial fact find and report and recommendations, then took that to a respected accountant who’s words were something like ‘ a very clever strategy which will break even within 3 years through tax savings and the rest is GRAVY‘”

Property118 testimonial by Alex P

It was the best business/ tax advice we have ever received, unbelievable value for money service…The advisors literally held our hands right through the whole process, they were very patient, answered our questions, everything is safe and transparent. They are a great team. Every Landlord who is seriously considering moving forward to LTD status should contact Mark the P118 team today.”

Property118 testimonial by Team J

Following detailed advice from Property 118 over an extended period (due to the complexity and scale of the portfolio) I recently completed the successful incorporation of my partnership property business. Property118 (Mark Alexander and Mark Smith) were subjected to independent scrutiny by a major professional services firm that I engaged alongside. They reported back to me and concluded the advice was not only technically and legally sound but “comprehensive, tailored and robust”. This provided the assurance I required to push ahead with the incorporation, understanding not only the benefits but also risks and implications. The Property118 team were certainly put through their paces. The quality of advice, transparency and responsiveness has been exemplary (with many challenging questions and analysis along the way).”

Property118 testimonial by Runjit B

Who should buy services from Property118?

Property118 are specialist advisers to property landlords, so unless you are a property landlord, their services are not for you.

But on the other hand, and if you’re an existing property landlord and if you’re looking to save tax or to have the best structure for your property rental business, then Property 118 is a great buy.

But also, if you’re looking to begin investing in property as a property landlord you may want to consider getting advise from Property 118, before you begin investing, so you start with the right structure at the outset.

Property118 tax planning reviews

Property118 tax planning reviews begin with a fact find and an expert analysis by a recorded video conference. At the time of writing this Property118 review, the cost of this fact find and expert analysis is £400.

Any Property118 recommendations you receive will be reviewed by Cotswold Barristers at no extra charge to you. If Cotswold Barristers agree, and if you instruct them to complete the legal work to implement Property118’s suggestions, they will adopt their recommendations as their own professional advice.

This is how one customer put it about the tax planning advice they received from Property 118 “Property law, tax and the complexities and nuances can be quite overwhelming for accidental landlords like us, with only a couple of properties as well as a day-job. Having good solid advice from an expert is invaluable and worth every penny of the consultation fee.”

Property 118 contact

If you would like to make contact with Property 118, you can do so from this link to their “Need Some Help” page.

I hope you’ve got something from reading this Property 118 Review

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Also, if you have any questions, please feel free to comment below too. Alternatively, if you need more help, please feel free to contact us on our contact us page here. Or join the discussion and ask your question in the property forum.

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