Alex Norian ACCA, Author at Property118

30th November 2021, 4 years ago

This thread is an interesting one and returns to the importance of the structure of one's portfolio at the outset. Getting the structure right is increasingly crucial as we continue to be legislated against. There are many ways you can...

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Holiday Let Purchase – Best Through A Company Or Not?

23rd September 2021, 5 years ago

Hi Martin, The answer to your first question is that the interest is allowable provided the purpose of the finance is "wholly and exclusively" for the purpose of buying the FHL (s34 ITTOIA 2005). I would recommend you seek further...

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Buying younger children an investment?

7th September 2021, 5 years ago

Hi Peter, I would recommend formation of a SmartCo structure. Then loan the money to the company to purchase the property. This would mean your estate 'value' in the company would not be locked in the shares and could be...

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Capital gains tax on gifted equity?

Reply to comment left by David Mensah at 16/08/2021 - 10:47

Reply to the comment left by David Mensah at 16/08/2021 - 10:47Consider Hometrack as a valuation method too - it's used by 13 of the top 15 UK mortgage lenders and costs about £20. https://www.hometrack.com/uk/

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Capital gains tax on gifted equity?

Reply to comment left by David Mensah at 16/08/2021 - 09:27

Reply to the comment left by David Mensah at 16/08/2021 - 09:27As if often the case, there is a sliding scale here and a pragmatic approach means "not good enough" is not easily defined. Ultimately, "will HMRC accept the valuation?"...

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Capital gains tax on gifted equity?

11th August 2021, 5 years ago

Agree with Mark above. If unable to access the MV used by your uncle for whatever reason, an estate agency valuation would suffice or you can use HMRC's own valuation service - see below link (don't hold your breath! You...

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