I'm just in the process of buying my first property as a Ltd company and I have gotten FreeAgent accounting software free with my bank account.
I have a list of categories to assign to my expenses, but they aren't all that relevant to residential property businesses. I wondered if others...
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13-08-2022, 10:53 AM
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Reply to Expense Categories
.gif "(rofl)")
I suspect it doesn't. The ones in this software will be for the tax man. I can keep a spreadsheet for me and luckily I am well divorced so don't need the third
In the end this is included with my business bank account, so if it turns out to not be useful,...15-08-2022, 09:33 AM -
This report was about a retired solicitor living in Cardiff , with 2 holiday lets in Solva , Pembrokeshire. His properties only let for around 18 weeks a year but Welsh Government require 26 weeks letting to qualify for business rates. The increase in council tax to treble rate compared to rate...13-08-2022, 17:22 PM
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Yes and he's quick to whinge about paying extra council tax now yet was happy to contribute nothing to the local council while he had business rates exemption .
Zero sympathy....14-08-2022, 20:04 PM -
There needs to be more action like this-and it shows just how hard solicitors must work to own three houses in Solva ,a place visited often...14-08-2022, 19:06 PM
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The article implies the house could generate £32000 per annum. Allowing for voids 40 weeks at £800 per week seems optimistic when you also factor in heating, water ,council tax etc Why does the teacher not purchase a house?...14-08-2022, 19:04 PM
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Most councils state it should be available for rent for x weeks/months. He could pay 8 friends £5 each and they could rent at a reduced price.He might incur £4-8 income tax on this basis. I thought solicitors were a little more creative-this one sound dull as dishwater....14-08-2022, 18:58 PM
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This guardian one gives an idea just how bad things are in Wales https://www.theguardian.com/technolo...K&utm_source=e...14-08-2022, 09:12 AM
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Well done the Welsh government, so he has two properties each empty for 9 months when locals can't find permanent homes. Let's hope England follows...14-08-2022, 09:10 AM
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Reply to SDLT relief for multiple dwellingsIt’s not 3% but an additional 3% on top of the SDLT you’d pay if you didn’t already own another residential dwelling.
I see you’ve found someone who can help you. You are correct that there are a number of solicitors who don’t understand the SDLT rules for the higher rate of...14-08-2022, 00:02 AM