Openwork has introduced buy-to-let tax advice service for its advisers with the appointment of Landlord Support Services to its provider panel.
LSS has been created specifically to deliver swift, online access to professional tax structure advice for landlord clients.
Openwork’s introduction of the LSS portal follows the raft of tax changes now impacting new and existing landlord clients, and the need for landlords to seek and take professional tax advice.
Paul Shearman, mortgage proposition director at Openwork, said: “The tax structure advisory service for landlords offered via LSS’s panel is welcome and timely.
“The myriad of recent and incoming tax changes that directly impact every new and existing landlord means the need for independent, professional tax advice has never been more important than it is now.
“Crucially, there are no simple rules of thumb in this area, as the circumstances of every client are unique.
“We have undertaken extensive diligence on LSS’s panel and are reassured by their quality, size and professionalism. The LSS portal offers an effective and reliable service that we encourage Openwork advisers to recommend whenever the need is identified for professional tax advice that cannot be provided by the client’s own sources.
“Advisers need to be mindful of not inadvertently giving their clients tax advice in this area – for all sorts of obvious reasons – and when utilised, the LSS service means they won’t be in any danger of doing so.”
Openwork has, and will be actively encouraging its recommendation by advisers to their landlord clients whenever required.