Tax Questions

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This sounds too easy by bhodgkiss Started by bhodgkiss, 03-05-2017, 15:13 PM	5 responses 550 views 0 likes	Last Post by jpkeates 05-05-2017, 08:04 AM
Inheritance monies to pay off mortgage by garyburger Started by garyburger, 03-05-2017, 18:39 PM	3 responses 395 views 0 likes	Last Post by jpkeates 04-05-2017, 09:03 AM
Stamp Duty filed incorrectly by Jeblee Started by Jeblee, 03-05-2017, 08:08 AM	8 responses 367 views 0 likes	Last Post by MdeB 03-05-2017, 15:57 PM
Tax return - when can I claim expenses from by k8marieuk Started by k8marieuk, 26-04-2017, 19:57 PM	11 responses 732 views 0 likes	Last Post by MdeB 02-05-2017, 09:33 AM
SDLT when transferring BTL into multiple names by DavidR Started by DavidR, 28-04-2017, 00:41 AM	3 responses 425 views 0 likes	Last Post by Gordon999 01-05-2017, 05:44 AM
Looking at new carpets - tax by TheFlash Started by TheFlash, 29-04-2017, 14:41 PM	2 responses 373 views 0 likes	Last Post by MdeB 29-04-2017, 21:18 PM
CGT liability on sale of multiple properties by marky70 Started by marky70, 27-04-2017, 17:15 PM	3 responses 441 views 0 likes	Last Post by mickey16 28-04-2017, 00:52 AM
My BTL needs painting internall - can i pay my partner to do it? by bhodgkiss Started by bhodgkiss, 26-04-2017, 11:27 AM	4 responses 446 views 0 likes	Last Post by ram 27-04-2017, 08:07 AM
CGT on Airbnb Flat by da3533 Started by da3533, 22-04-2017, 17:00 PM	5 responses 523 views 0 likes	Last Post by Bristol LL 25-04-2017, 09:40 AM
Stamp duty - buy to let, but it's not by Helen39 Started by Helen39, 23-04-2017, 16:14 PM	9 responses 529 views 0 likes	Last Post by MdeB 25-04-2017, 08:54 AM

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
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
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 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

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