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Started by Twig, 25-11-2017, 08:30 AM
6 responses
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Last Post Twig
by Twig
 
Started by Paul Mountford ST5, 25-11-2017, 20:23 PM
6 responses
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Last Post Sean Hughes CTA  
Started by luckstar69, 25-11-2017, 16:03 PM
7 responses
653 views
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Last Post loanarranger  
Started by Gordon999, 23-11-2017, 04:03 AM
10 responses
294 views
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Last Post ss002d6252  
Started by johnoscannell, 22-11-2017, 20:46 PM
3 responses
227 views
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Last Post ss002d6252  
Started by Humack, 22-11-2017, 20:02 PM
3 responses
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Last Post Humack
by Humack
 
Started by scampicat, 20-11-2017, 14:13 PM
11 responses
635 views
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Last Post Gordon999  
Started by NathanJ, 22-11-2017, 11:02 AM
5 responses
213 views
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Last Post Gordon999  
Started by KevinW, 21-11-2017, 14:44 PM
3 responses
748 views
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Last Post Gordon999  
Started by Wobble1, 15-11-2017, 13:39 PM
6 responses
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Last Post Chalfont  
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  • Good Accountant recommendations
    by Rav
    Look for a good accountant that can help me save tax. Set up a limited company recently and need good advice on the best way to save as much tax as legally possible....
    29-07-2021, 15:53 PM
  • Reply to Good Accountant recommendations
    by Neelix
    Ask local friends for recommendations - face to face meetings are best
    29-07-2021, 20:55 PM
  • Reply to Expenses off-set against income tax
    by jpkeates
    It depends on your time scale - there's nothing fundamentally wrong with using rent income to create equity.
    It's just a longer term plan.

    If you sell you'll probably have the same early term penalty as changing product....
    29-07-2021, 17:57 PM
  • Expenses off-set against income tax
    by xenoid
    Hi All, I have a question that might have been asked but could find it here.. I am an overseas landlord with only one buy-to let property in the UK. My monthly expenses are more than the rental income so on an annual basis I make a loss. I understand that these expenses can be claimed against tax and...
    27-07-2021, 12:54 PM
  • Reply to Expenses off-set against income tax
    by xenoid
    aha.. that sounds like a plan. problem is I recently signed a re-mortgage for capital and interest. will see if they willing to change to interest only. alternatively sell the property. I was previously on an interest only at a worse rate and wanted to re-mortgage to a capital mortgage to pay loan of...
    29-07-2021, 17:36 PM
  • Reply to Good Accountant recommendations
    by Gordon999
    You really need to visit a few accountant shops offering accounting, bookkeeping and VAT services, annual returns to Companies House located in your town or city suburbs and get their menu of services and fees....
    29-07-2021, 17:34 PM
  • SPV and Leases
    by Thurrock1
    My husband is one of three directors of a limited property development company that has converted a house to 3 flats. The flats are currently rented. Please can someone tell me if, in order to get leases on the flats, we have to at the same time put them into an SPV. To put them into an SPV will...
    28-07-2021, 20:38 PM
  • Reply to SPV and Leases
    by Gordon999
    1. The property development company has purchased one house ( held under freehold title ?) and converted the property into 3 flats.

    2. The 3 flats are now rented out by the property company which still holds the property under one freehold title. The problem in this situation is any borrowing...
    29-07-2021, 17:10 PM
  • Reply to Expenses off-set against income tax
    by jpkeates
    The mistake is to expect to make a profit with a capital repayment mortgage.

    If you're using the rent to build up equity, that's a perfectly sound plan, but it's almost impossible to make a decent annual profit at the same time (outside some quite specialist markets).
    If you want...
    29-07-2021, 16:34 PM
  • Reply to Expenses off-set against income tax
    by xenoid
    jpkeates,

    Indeed its a capital repayment mortgage at 3.09% (very high i know) .. not many lenders will to remortgage for overseas BTL at a good rate.. value of property is £330 000 and Rent £1250 increasing to £12750 in august... still not good enough for expenses. So I will sell the...
    29-07-2021, 11:44 AM
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