Less Tax for Landlords was the trading name of the One Consultancy Group. It was badly named, because its incompetence means many landlords are now paying more tax. Most of LT4L’s key staff were salesmen who, by their own admission, know nothing about tax. They relied on LT4L’s co-founder Chris Bailey. Bailey was previously severely […]

Less Tax for Landlords and The Bailey Group sold a landlord tax avoidance scheme involving an LLP “hybrid partnership”. We reported back in October that the scheme was technically hopeless; HMRC has written to the clients and invited them to settle. Everyone thought the game was up. How did Less Tax for Landlords respond to […]

I have just filed a complaint with the Institute of Chartered Accountants in England & Wales (ICAEW) regarding Chris Bailey, who co-founded Less Tax for Landlords, and appears to have been responsible for the inexplicable, and perhaps fraudulent, tax positions it took. This is an unusual complaint for two reasons. First, it seems unusually obvious […]

We recently wrote about two landlord tax avoidance outfits: Less Tax for Landlords and Property118. They together advised thousands of landlords, and avoided £100m+ of tax; we believe both firms, and their clients, are now the subject of HMRC investigations. Property118 Property118 sell a scheme that involves landlords declaring a trust over their rental properties […]

Less Tax for Landlords is a high profile firm. They sponsor the National Landlord Investment Show and are promoted by the National Residential Landlords Association. They won the Property Reporter award for “Best Accounting & Tax Services 2023“. They’ve sold hundreds of landlords a “hybrid partnership” structure which is supposed to avoid income tax, capital […]