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Started by lllccc, 04-12-2021, 14:20 PM
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Last Post lllccc
by lllccc
 
Started by JK0, 27-11-2021, 20:20 PM
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Last Post Gordon999  
Started by Thurrock1, 23-11-2021, 19:15 PM
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Started by lewis593, 17-11-2021, 19:54 PM
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by nukecad
 
Started by Henry248OG, 16-11-2021, 14:17 PM
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Started by BGT, 16-11-2021, 09:11 AM
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by BGT
 
Started by armour, 13-11-2021, 11:20 AM
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Started by Piffy, 15-11-2021, 12:53 PM
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Started by monikaewaj, 12-11-2021, 22:40 PM
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Started by ncprop, 05-11-2021, 16:36 PM
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  • HPI out-pacing PRR accumulation
    by lllccc
    I wondered if anyone else has been in this situation and what would you do about it? I now only own the one property (and live in it), but due to substantial renovation period before moving in the CGT will only increase now (assuming HPI increasing at 3.6% which is not unreasonable). I didn't understand...
    04-12-2021, 14:20 PM
  • Reply to HPI out-pacing PRR accumulation
    by lllccc
    Hi Gordon, unfortunately it was not, hence the question.
    04-12-2021, 16:07 PM
  • Reply to HPI out-pacing PRR accumulation
    by Gordon999
    If the property has been your "main residence" since purchase, there is no tax on capital gain .
    04-12-2021, 14:40 PM
  • Will they raise taxes again?
    by JK0
    My accountant just finished my 2020/21 tax return, and my income is half of the previous year. I did not think it would be quite that bad. (Half my tenants moved out, and I had a job to replace them. Plus had to get fourteen EICR's!)

    I'm guessing you guys are in a similar boat. Never mind...
    27-11-2021, 20:20 PM
  • Reply to Will they raise taxes again?
    by Gordon999
    The Daily Mail reported on 29 Oct 2021 the 1.25 p increase for social care levy commencing in 2022 , will take £16 Bil from our pockets. The freezing of personal allowance for income tax at £12570 until 2026 will take £19 Bill by 2025/2026.
    ...
    02-12-2021, 11:18 AM
  • Reply to Will they raise taxes again?
    by Gordon999
    Corporation tax for large companies ( over £250K profit ) will be raised from 19% to 25% rate commencing from April 2023.
    30-11-2021, 21:35 PM
  • Reply to Corporation Tax
    by Gordon999
    There seems to be 2 problems ( I am not an accountant ) :

    (1.) The company has to pay £30,000 tax due to revaluation of property asset increased higher by £150,000 ( estimated). Does it have the cash in its bank account to pay ?

    ( 2) husband owns one third interest of property...
    30-11-2021, 14:09 PM
  • Reply to Will they raise taxes again?
    by theartfullodger
    Taxes bound to go up, huge amounts to pay for Covid & BR*X*it. Death & taxes, death & taxes.

    Holding off working out my position, wishing to remain cheerful for Christmas.

    Best wishes to all...
    28-11-2021, 10:45 AM
  • Reply to Will they raise taxes again?
    by Neelix
    ^^ please don’t take this the wrong way but £10 k down on what turnover or number of properties?

    i’ve done a lot of EICRs and remedial work over the last 18 months and a lot of it was because properties hadn’t been inspected and some were just dangerous....
    28-11-2021, 10:29 AM
  • Reply to Will they raise taxes again?
    by jpkeates
    I'm about £10k down and it's mostly electrical work.

    I can't see this government putting up taxes anymore before the next election, although there's nothing to say that they won't figure out how to tax landlords more specifically - there's few votes lost there.

    My candidate...
    28-11-2021, 10:07 AM
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