Tax Questions

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Vat on Rooms? by Evergreen Started by Evergreen, 15-09-2013, 17:55 PM	1 response 589 views 0 likes	Last Post by Gordon999 16-09-2013, 03:03 AM
Selling off part of property to wholly owned sole trader company by sheik_yerbouti Started by sheik_yerbouti, 15-09-2013, 14:37 PM	1 response 704 views 0 likes	Last Post by Snorkerz 15-09-2013, 20:19 PM
Capital gain in the UK, Capital loss in Spain? by MickyV Started by MickyV, 14-09-2013, 16:44 PM	1 response 1,205 views 0 likes	Last Post by Gordon999 15-09-2013, 15:10 PM
how to calculate capital gain tax when we sell our letted property? by daxu Started by daxu, 19-08-2013, 12:51 PM	7 responses 3,529 views 0 likes	Last Post by MickyV 14-09-2013, 16:25 PM
Landlord Council Tax on Empty Property by ACOURT10 Started by ACOURT10, 02-09-2013, 12:57 PM	9 responses 2,175 views 0 likes	Last Post by MisterB 13-09-2013, 22:34 PM
A little advice needed for new landlord by Syeroberts Started by Syeroberts, 12-09-2013, 20:03 PM	5 responses 845 views 0 likes	Last Post by LesleyAnne 12-09-2013, 21:42 PM
Do landlords pay NI? by paultheknight Started by paultheknight, 11-09-2013, 07:45 AM	4 responses 794 views 0 likes	Last Post by King_Maker 11-09-2013, 19:27 PM
Setting up a property management company by LANDLADY43 Started by LANDLADY43, 02-09-2013, 09:09 AM	1 response 792 views 0 likes	Last Post by King_Maker 02-09-2013, 16:03 PM
10% wear and tear by jessa46 Started by jessa46, 01-09-2013, 08:48 AM	3 responses 1,324 views 0 likes	Last Post by King_Maker 02-09-2013, 06:24 AM
!0% wear and tear on commercil tenancy for HMO ? by Bel Started by Bel, 23-08-2013, 16:57 PM	2 responses 740 views 0 likes	Last Post by August21 01-09-2013, 08:21 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 James, 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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