Mark 's Articles

Welcome to the landlords blog of Mark Alexander, founder of Property118.com. Here I share my experiences as a landlord since 1989 and updates on my goal to create “The Best Property Website Ever”. I also review products and services used by my fellow landlords.

“Live Long and Prosper”


Tax Plan For New Buy-To-Let

Tax Plan For New Buy-To-Let

17/01/2017

Are you and your spouse buying a new build with a view to let? The Government has tried its best to put you off doing this personally, but if you fancy a challenge maybe this will be a way to get your own back! Let’s imagine a property being bought for £500,000. I will ignore… Read more

Dividends And Other Perks For Landlords Who Incorporate

Dividends And Other Perks For Landlords Who Incorporate

I hear a lot of talk about double taxation for private landlords who decide to incorporate. However, when I explain that a husband and wife will be able to take £100,000 of dividends between them by 2020 and only pay a total of £6,300 in dividend tax that begins puts things into perspective. OK, their… Read more

Are the RLA losing the plot?

Are the RLA losing the plot?

12/01/2017

I do not want to fall out with the RLA as I think Alan Ward and his colleagues have written many brilliant articles. However, his recent article published by City AM entitled: “Why solving the country’s housing crisis means backing – not battering – landlords” contains counter-productive suggestions to Government and signals acceptance of S… Read more

Why Rents Will Rise In 2017

Why Rents Will Rise In 2017

11/01/2017

The fact that landlords want/need to increase rent to cover increased costs isn’t necessarily evidence that rents will actually rise. However, there are a number of other important factors to consider, not least of which is supply and demand.  Government policy to reduce investment into property for business purposes (letting) is working. The surcharge on SDLT… Read more

Hybrid Tax Structure For Landlords

Hybrid Tax Structure For Landlords

27/12/2016

I recently came across an organisation who are charging £600 to attend a seminar to learn about the hybrid tax structure for landlords, £2,700 for one to one consultations, then £15,000 for implementation and a further £250 to £2,750 a year! I was so disgusted with their profiteering and promotion of this structure, and their… Read more

LANDLORDS – Section 24 Tax Is Optional

LANDLORDS – Section 24 Tax Is Optional

If you don’t want to pay more tax as a result of Section 24 of the Finance (No.2) Act 2015, which restricts mortgage interest relief for individual landlords, you don’t have to. In the vast majority of cases it is optional, but only if you take positive action! Throughout 2016 Property118 has discovered and published… Read more

2016 in Review and Goals for 2017

2016 in Review and Goals for 2017

Thank you all for your support this year, 2016 has been a good one for us. My wife and I emigrated to Malta, visited the UK and Rome and we are now in Russia celebrating a white Christmas. Above anything else we enjoy spending time with our family and sharing the good life with them, and… Read more

Government Proposals To Ban Criminal Landlords & Agents

Government Proposals To Ban Criminal Landlords & Agents

15/12/2016

The Government is considering new legislation to enable bans to be imposed on criminal landlords and agents preventing them from operating in the private rented sector. In principle this is an excellent idea because nobody wants criminals operating in our sector. They are few and far between but they tarnish our reputation. Helping tenants to identify… Read more

Do You Pay More Than £40,000 A Year In Mortgage Interest?

Do You Pay More Than £40,000 A Year In Mortgage Interest?

13/12/2016

If you pay more than £40,000 a year in mortgage interest we DEFINITELY need to talk. We also need to talk if your mortgage interest plus your rental profits and any other taxable income including salary and/or dividends exceeds £43,000 a year. Why? Because you are going to be paying more tax, possibly A LOT MORE… Read more

Why You Need To Become A Rental Partnership

Why You Need To Become A Rental Partnership

07/12/2016

HMRC charge tax on the beneficial ownership of rental profit and capital growth from rental properties, HOWEVER, mortgage lenders take their security against legal ownership. It has been possible to split legal and beneficial ownership of property in England and Wales since the days of the Christian Crusades. There are three primary tax reasons for creating a partnership by… Read more

£692 water bill for two months!!!

£692 water bill for two months!!!

01/12/2016

In one of the properties I own the water is included in the services charges, which is very unusual but for the last 12 years hasn’t been a problem.  If the usage is particularly high (over 30 cubic metres in a quarter) I would look to charge the tenants, otherwise I include the water charges… Read more

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