Tax Questions

		Statistics	Last Post
When to start a LTD company by Twig Started by Twig, 25-11-2017, 08:30 AM	6 responses 204 views 0 likes	Last Post by Twig 28-11-2017, 13:00 PM
Section 24 by Paul Mountford ST5 Started by Paul Mountford ST5, 25-11-2017, 20:23 PM	6 responses 245 views 0 likes	Last Post by Sean Hughes CTA 28-11-2017, 08:22 AM
Adding wife to BTL mortgage - advice needed please by luckstar69 Started by luckstar69, 25-11-2017, 16:03 PM	7 responses 653 views 0 likes	Last Post by loanarranger 27-11-2017, 15:47 PM
Council Tax for Vacant Property by Gordon999 Started by Gordon999, 23-11-2017, 04:03 AM	10 responses 294 views 0 likes	Last Post by ss002d6252 24-11-2017, 16:11 PM
LDC for Self Contained Basement Flat - Will Council Seek backdated extra council Tax? by johnoscannell Started by johnoscannell, 22-11-2017, 20:46 PM	3 responses 227 views 0 likes	Last Post by ss002d6252 23-11-2017, 13:17 PM
Tax relief Agents Fees by Humack Started by Humack, 22-11-2017, 20:02 PM	3 responses 125 views 0 likes	Last Post by Humack 23-11-2017, 08:27 AM
Letting at below market value by scampicat Started by scampicat, 20-11-2017, 14:13 PM	11 responses 635 views 0 likes	Last Post by Gordon999 22-11-2017, 16:27 PM
Advantages of being a joint landlord? by NathanJ Started by NathanJ, 22-11-2017, 11:02 AM	5 responses 213 views 0 likes	Last Post by Gordon999 22-11-2017, 13:51 PM
Tax on sale of Lease extension by KevinW Started by KevinW, 21-11-2017, 14:44 PM	3 responses 748 views 0 likes	Last Post by Gordon999 22-11-2017, 13:37 PM
Higher rate sdlt? can't agree with solicitor by Wobble1 Started by Wobble1, 15-11-2017, 13:39 PM	6 responses 164 views 0 likes	Last Post by Chalfont 21-11-2017, 16:57 PM

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....
- Channel: Tax Questions
29-07-2021, 15:53 PM
Reply to Good Accountant recommendations

by Neelix

Ask local friends for recommendations - face to face meetings are best
- Channel: Tax Questions
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....
- Channel: Tax Questions
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...
- Channel: Tax Questions
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...
- Channel: Tax Questions
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....
- Channel: Tax Questions
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...
- Channel: Tax Questions
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...
- Channel: Tax Questions
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...
- Channel: Tax Questions
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...
- Channel: Tax Questions
29-07-2021, 11:44 AM

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