Alex
Alex
Registered with Property118.com
23rd March 2014
Total Posts
0
Total Comments
55
Bio
I graduated from Leeds University in 1995 as a Master of Engineering. I founded an engineering consultancy business and bought my first investment property in 1996, going on to develop a property investment portfolio from West Yorkshire to the south coast.
I started the Milton Keynes Branch of the National Landlords Association in 2007 and went on to become the founder and Chairman of Milton Keynes Private Landlords Association in 2011.
I have spent the last 20+ years growing my engineering consultancy business in parallel with my property investment business, which in 2016 evolved into the Milton Keynes letting agency The Right Place.
Following the infamous Summer Budget of 2015, in which Chancellor George Osborne announced that the Conservative Government would act to “restrict relief for mortgage interest for individual landlords to the basic rate of income tax”, I started working with Property 118 to develop commercial restructure strategies for landlords and to develop the tax planning and illustration software used by Property 118.
I formally joined the Property 118 team as a Tax Consultant in 2019 to help landlords avoid losses incurred by Section 24 and restructure their businesses for long term growth and maximum tax efficiency. This means that my tax consultations now benefit from the extensive support of the Property 118 Tax Planning Team, including Counsel’s Opinion on the suitability of any advice you receive, provided by Mark Smith, Barrister-at-Law and Head of Chambers at Cotswold Barristers.
23rd September 2025, 7 months ago
RIP Mike, a real gent.
Read More →Reply to comment left by Grumpy Doug at 28/06/2022 - 06:43
Reply to the comment left by Grumpy Doug at 28/06/2022 - 06:43Hi Doug It sounds like an incredibly 'blunt tool' to achieve your stated aim. Apart from anything else, you are foregoing your right to 100% of the income from...
Read More →Reply to comment left by Pam Thompson at 27/06/2022 - 15:55
Yes, engaging a solicitor will incur legal fees.
Read More →Reply to comment left by Grumpy Doug at 27/06/2022 - 10:58
Reply to the comment left by Grumpy Doug at 27/06/2022 - 10:58Grumpy Doug's suggestion is probably the easiest solution. If there is no mortgage on the property then transfer of 50% to your spouse will not incur SDLT. Then, ask...
Read More →16th May 2022, 4 years ago
Hi Adrian Your understanding is correct. However, what you describe is a very 'blunt tool', i.e. it doesn't really achieve much benefit. You would be far better off forming a legal Partnership with your partner and sharing the rental profits,...
Read More →9th March 2022, 4 years ago
Hi Gavin This change was introduced on 01 April 2021, so if your experience pre-dates that it would no longer be correct.
Read More →15th February 2022, 4 years ago
Hi Albert As Mark Alexander has said, there are a lot of variables at play here and likely more that you haven't even yet considered. Time for professional advice me thinks! https://www.property118.com/tax/book-a-consultation/
Read More →8th February 2022, 4 years ago
Hi Turhan Thanks for sharing. From what you have said I still don't understand why you have not yet booked a Property118 Tax Consultation? You have so many thoughts going around your head; you clearly need a third party perspective...
Read More →5th February 2022, 4 years ago
Hi Steve Thanks for sharing your thoughts. As a professional property investor myself, I know that incorporation is the only viable long term strategy, which is why so many professional and savvy investors have already incorporated and so many more...
Read More →2nd February 2022, 4 years ago
Hi Chris Unfortunately, yes, you are correct. Finance Act 2021 Schedule 16 provides for an extra 2% SDLT when non-resident buyers buy BTL properties and the definition of non-resident buyers includes UK companies. A company is non-resident if it is...
Read More →Reply to comment left by Caroline Nicholls at 02/02/2022 - 09:49
Reply to the comment left by Caroline Nicholls at 02/02/2022 - 09:49Hi Caroline Yes, we would be pleased to help you :-) https://www.property118.com/tax/book-a-consultation/.
Read More →1st February 2022, 4 years ago
Hi Katy Ann S86 Income Tax Act 2007 paragraph 6 states "This section applies to businesses which are not trades as it applies to trades". https://www.legislation.gov.uk/ukpga/2007/3/section/86#:~:text=This%20section%20applies%20to%20businesses%20which%20are%20not%20trades%20as%20it%20applies%20to%20trades Rental losses are classed as "trade losses" for the purposes of the Act and...
Read More →1st February 2022, 4 years ago
Hi Dobber There are things you could consider doing to turn this situation around. However, the most obvious one that springs to mind is to incorporate your property business into a limited company and to carry your rental losses into...
Read More →5th January 2022, 4 years ago
Hi Helen Like I said, it would not be possible to have detailed legal knowledge of every tax jurisdiction in the world, so for overseas clients we would refer them back to their own Accountant or tax specialist in their...
Read More →5th January 2022, 4 years ago
Hi Helen Property118 does not provide accountancy advice, or accountancy services, so all matters relating to accounting would be referred back to the client's Accountant in any case. We work 'hand in glove' with clients and their Accountants, not separately...
Read More →5th January 2022, 4 years ago
Hi DSR Property118 can provide you with all the IHT advice that you need. We do not offer free consultations, but a Property118 tax consultation only costs £400 inc VAT, which is likely to be a fraction of a fraction...
Read More →5th January 2022, 4 years ago
Hi Tif If I understand correctly, your aim is to sell your three properties over the next couple of years and to minimise the effects of Capital Gains Tax upon their sale, as well as to reduce your exposure to...
Read More →20th October 2021, 4 years ago
Hi Malcolm If you receive income from overseas property you will need to prepare the Foreign Property pages of your UK Tax Return. This separates the income and expenses from UK let property, UK income, etc and overseas let property,...
Read More →8th October 2021, 5 years ago
Hi David You and your friend could lodge an RX1 restriction at HM Land Registry, which I believe would not require the mortgage lender's permission, but I advise that you check that with a solicitor.
Read More →6th October 2021, 5 years ago
Hi Graham You have made some good observations. However, I disagree that Nick "will pay CGT on the disposal and the company will pay SDLT on the purchase". These taxes may become due, or they may not, depending on the...
Read More →Showing 20 of 55 comments