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Started by jase222, 24-02-2021, 16:53 PM
4 responses
57 views
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Last Post jpkeates  
Started by DaddyofTwo, 22-02-2021, 14:42 PM
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Last Post DaddyofTwo  
Started by jase222, 20-02-2021, 15:22 PM
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Last Post jpucng62  
Started by bryan-a-p, 19-02-2021, 10:36 AM
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Last Post Gordon999  
Started by MAPTON, 19-02-2021, 22:48 PM
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Last Post Gordon999  
Started by trademark2k6, 10-02-2021, 12:50 PM
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Last Post jpkeates  
Started by MarvinMin, 16-02-2021, 12:45 PM
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Last Post loanarranger  
Started by cuttingman, 08-02-2021, 14:25 PM
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Last Post doobrey
by doobrey
 
Started by Bristol_newbie, 08-02-2021, 13:20 PM
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Last Post Celibin
by Celibin
 
Started by timothytaylor, 10-02-2021, 12:37 PM
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Last Post jpkeates  
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  • Expense
    by jase222
    Hi,
    My dad asked me today, if he spends the late summer in his property in Spain say 3 months and he flys back once a month to check and inspect would that be claimable?? I said yes can't see why not but then would the. Hmrc say from permanent residence?...
    24-02-2021, 16:53 PM
  • Reply to Expense
    by jpkeates
    You can only expense things that are wholly and exclusively for the purposes of the business.
    I don't see how that would qualify because most of it is for the purpose of living in Spain, not for the business.

    No one does monthly inspections and it's obviously an attempt to funnel...
    25-02-2021, 09:02 AM
  • Reply to Expense
    by Neelix
    I think that HMRC will not allow 100% - I would say he should call them and ask
    25-02-2021, 08:41 AM
  • Reply to Expense
    by jase222
    My dad has 8 properties in total including a hmo, he does report his income to hmrc.
    He has said he on average inspects and has to sort out thing ie gsc accountant maintenance works etc once a month and as for getting a agent in Bristol you are looking at min 11%pcm and finding someone reliable...
    25-02-2021, 07:21 AM
  • Reply to Expense
    by theartfullodger
    Is this a rental property and does he report his income from it to HMRC?? 3 months for an inspection?? Once a month to check and inspect what?? - his rental properties in UK?? ?? Clearly cheaper to employ someone to do it here in UK. Can't see that standing up to a HMRC investigation.

    ...
    24-02-2021, 17:02 PM
  • Reply to Can I Reduce 3% Stamp Duty Surcharge by selling home to my own Ltd
    by DaddyofTwo
    Cheers - but deciding if I want to keep it or not.
    23-02-2021, 19:10 PM
  • Can I Reduce 3% Stamp Duty Surcharge by selling home to my own Ltd
    by DaddyofTwo
    Hi

    About to purchase a new main home for my family and going to buying cash to hopefully avoid stamp duty holiday expiry (it'll be below £500k).

    We won't have the time to sell our current home, and might want to keep it anyway as a BTL to add to our current portfolio which...
    22-02-2021, 14:42 PM
  • Reply to Can I Reduce 3% Stamp Duty Surcharge by selling home to my own Ltd
    by Codger
    I understand you have some time to reclaim if you do end up paying the 3% and later sell the extra house.
    22-02-2021, 17:28 PM
  • Reply to Making tax digital
    by jpucng62
    No - I do it all myself ...
    21-02-2021, 16:25 PM
  • Making tax digital
    by jase222
    Hi I currently have a accountant who I give all the receipts etc at the end of the year, I've been looking at the MTD and it says I have to do my bookkeeping every quarter to the Hmrc, I've looked at tax calc and it looks good.
    My question is do I still need the accountant? And can I still give...
    20-02-2021, 15:22 PM
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