Tax Questions

		Statistics	Last Post
Joint ownership single landlord contract by Social1 Started by Social1, 29-09-2017, 07:46 AM	3 responses 101 views 0 likes	Last Post by Gordon999 30-09-2017, 15:03 PM
72 hours before i can access my SA302 by dominco Started by dominco, 25-09-2017, 21:59 PM	5 responses 540 views 0 likes	Last Post by dominco 28-09-2017, 10:41 AM
Redeeming then moving into BTL jointly owned. by dominco Started by dominco, 23-09-2017, 19:57 PM	5 responses 127 views 0 likes	Last Post by Gordon999 27-09-2017, 14:25 PM
Excel Spreadsheet of HMRC by max_co71 Started by max_co71, 24-09-2017, 18:20 PM	3 responses 1,816 views 0 likes	Last Post by tatemono 25-09-2017, 09:29 AM
charging for my time and labour by pink0806 Started by pink0806, 25-09-2017, 07:33 AM	3 responses 145 views 0 likes	Last Post by ram 25-09-2017, 08:47 AM
Paperwork - copies of contractor's invoices when using a letting agent by 123Landlord Started by 123Landlord, 24-09-2017, 19:02 PM	2 responses 77 views 0 likes	Last Post by jpkeates 25-09-2017, 08:41 AM
Can Main Residence Relief be applied in a Multiple Dwellings Relief purchase? by steven239 Started by steven239, 24-09-2017, 14:31 PM	0 responses 72 views 0 likes	Last Post by steven239 24-09-2017, 14:31 PM
Is 'replacing a main residence' the same as 'assigning a main residence'? by steven239 Started by steven239, 23-09-2017, 17:56 PM	3 responses 126 views 0 likes	Last Post by steven239 24-09-2017, 14:14 PM
trying to reduce tax by joesan Started by joesan, 18-09-2017, 22:32 PM	5 responses 268 views 0 likes	Last Post by Kape65 20-09-2017, 15:33 PM
Splitting Tax relief by 23vc Started by 23vc, 19-09-2017, 12:27 PM	6 responses 144 views 0 likes	Last Post by 23vc 19-09-2017, 16:14 PM

Reply to Advice

by SouthernDave

I started my limited company a year before buying the first property, then bought a second 2 months later, a third 3 months after that, a fourth 5 months after that and so on to where I am now. Our lenders have never said they want a separate company per property. Ive never heard of that, if it were...
- Channel: Tax Questions
23-01-2022, 17:40 PM
Advice

by jhoggard

Hi,

I currently have a property rented out in my own name with a fair bit of equity around 50% LTV this is actually a repayment mortgage which i'm looking to switchover to a interest only. When i do this i'm also taking money out of the property to put towards another which i'm looking...
- Channel: Tax Questions
20-01-2022, 14:25 PM
Reply to Advice

by jpkeates

I don't think we disagree.

The OP has one property and is looking to buy a second.
At that point in that business, lenders will want a company per property.

There's a point where that ceases to be the case, when the portfolio gets big enough, or, presumably when someone...
- Channel: Tax Questions
23-01-2022, 17:34 PM
Reply to Advice

by SouthernDave

i concur with this, once you get over 4 properties, they consider you to be a portfolio landlord and want to start seeing cashflow forecasts before lending to make sure the company is buoyant. Directors guarantees each time but no limits on number of properties or number of dofferent lenders....
- Channel: Tax Questions
23-01-2022, 16:50 PM
Reply to Advice

by JamesHopeful

This is not true in my experience. I currently have eight properties in the same company, across a number of different mainstream BTL lenders, and none of them have batted an eyelid at the number.

Where I have known lenders worry about the company is it doesn't have the correct SIC code...
- Channel: Tax Questions
23-01-2022, 16:28 PM
Reply to Advice

by theartfullodger

Depends to a great degree on tax regulations over the coming years. We only know what the rules are today, not what they'll be in future e.g. when you retire

I expect chancellors to cut back on the advantages of people owning property through companies (well, wouldn't you if you were chancellor)...
- Channel: Tax Questions
22-01-2022, 13:06 PM
Reply to Advice

by Gordon999

1. No. You have not sold the property yet

2. 19% on profit by company.

3. Seek advice from accountant.
- Channel: Tax Questions
22-01-2022, 09:36 AM
haring inherited property

by halfax

i am inheriting a property and would like to place half in my grandsons name.
as anyone done similar?...
- Channel: Tax Questions
19-01-2022, 18:12 PM
Reply to haring inherited property

by halfax

thanks for help to everyone who replied, great forum
- Channel: Tax Questions
21-01-2022, 18:55 PM
Reply to Looking for tax / financial advice for a BTL /holiday let long-held portfolio

by ifallelsefails

I watched a webinar from Landlord studio and this man Tony Gimple was featured in it. Have a look at his Linkedin profile:
https://www.linkedin.com/in/tonygimp...alSubdomain=uk
He has a website whereby he consults exactly to your situation:
https://www.bel.gb.net/
...
- Channel: Tax Questions
21-01-2022, 17:13 PM

Latest Topics