Is there no end to PRS bashing ? We are just running a business like any other small entrepreneur, yet we are taxed on our income rather than profits (thanks to S24), can’t claim wear and tear, paying out endless...
It is bank profiteering pure and simple and landlords are again the butt of the joke. The days of tieing in straight forward fair interest rate margins over base rates for the mortgage term are long gone. It beggars belief...
Having incorporated nearly a year ago, I just wanted to congratulate P118 and their support team for their on-going advice regarding post-incorporation matters such as ATED & re-financing. It's reassuring to know their follow up service doesn't drop off a...
Reply to the comment left by Mark Alexander at 26/03/2020 - 17:38As Ranjan says, all the BTL lenders are taking a different approach, Godiva automatically giving the holiday (missed interest payments added to loan), Precise only playing ball if the...
When I incorporated the portfolio last year, PPR was very relevant as it tipped the balance between needing to pay CGT upon incorporation or not. In addition the PPR CGT tax saving element allowed me to arrange a director's loan...
Reply to the comment left by at 27/02/2020 - 10:39Agreed, so it is always best to try to maintain your existing lender post incorporation provided your existing lender offers you reasonable product switch rates at the end of tie periods....
There are a couple of other activities required prior to incorporation that may require professional advice and hence additional cost, namely :- - a formal and current market valuation of the portfolio is recommended (probably desktop is sufficient) in case...
Just incorporated the portfolio with P118 having run the letting business as a partnership with my wife for 3 years. It’s amazing that so many owners / developers / accountants do not understand the processes and procedures necessary to successfully...
Does anyone know if post incorporation of a BTL business using the BICT route (ie. maintaining ownership in personal names via a trust) whether ATED returns need to be filed with HMRC from the new Ltd Co ?
10th September 2022, 4 years ago
Is there no end to PRS bashing ? We are just running a business like any other small entrepreneur, yet we are taxed on our income rather than profits (thanks to S24), can’t claim wear and tear, paying out endless...
Read More →7th June 2021, 5 years ago
It is bank profiteering pure and simple and landlords are again the butt of the joke. The days of tieing in straight forward fair interest rate margins over base rates for the mortgage term are long gone. It beggars belief...
Read More →8th April 2020, 6 years ago
Having incorporated nearly a year ago, I just wanted to congratulate P118 and their support team for their on-going advice regarding post-incorporation matters such as ATED & re-financing. It's reassuring to know their follow up service doesn't drop off a...
Read More →Reply to comment left by Mark Alexander at 26/03/2020 - 17:38
Reply to the comment left by Mark Alexander at 26/03/2020 - 17:38As Ranjan says, all the BTL lenders are taking a different approach, Godiva automatically giving the holiday (missed interest payments added to loan), Precise only playing ball if the...
Read More →Reply to comment left by Andrew Roberts at 27/02/2020 - 10:49
When I incorporated the portfolio last year, PPR was very relevant as it tipped the balance between needing to pay CGT upon incorporation or not. In addition the PPR CGT tax saving element allowed me to arrange a director's loan...
Read More →Reply to comment left by at 27/02/2020 - 10:39
Reply to the comment left by at 27/02/2020 - 10:39Agreed, so it is always best to try to maintain your existing lender post incorporation provided your existing lender offers you reasonable product switch rates at the end of tie periods....
Read More →27th February 2020, 6 years ago
There are a couple of other activities required prior to incorporation that may require professional advice and hence additional cost, namely :- - a formal and current market valuation of the portfolio is recommended (probably desktop is sufficient) in case...
Read More →27th June 2019, 7 years ago
Just incorporated the portfolio with P118 having run the letting business as a partnership with my wife for 3 years. It’s amazing that so many owners / developers / accountants do not understand the processes and procedures necessary to successfully...
Read More →5th April 2019, 7 years ago
Does anyone know if post incorporation of a BTL business using the BICT route (ie. maintaining ownership in personal names via a trust) whether ATED returns need to be filed with HMRC from the new Ltd Co ?
Read More →