So before i pop my clogs, i would be wise to sell my portfolio, pay 28% CGT on gains made since April 2015 and transfer the money to my foreign wife's account abroad ?
Well i finally heard from the tenants sister after her finding a note that was put through the door, the tenant has been extremely ill and still doesn't have all her faculties and therefore hasn't been able to deal with...
Reply to the comment left by "Mark Alexander" at "04/02/2017 - 15:37": Have messaged some friends on facebook who have the same unusual surname but as of yet have had no response. On Friday i found out where her mother...
Thanks for the responses so far, yes Mark she is within a fixed tenancy, have tried the neighbor's and left a note. Unfortunately we do not know what Hospital she was/is in. At the moment i am trying to contact...
Not sure about now, but it use to be the case that if you applied for a mortgage as a non-resident it would have to be an ExPat mortgage and therefore on a higher rate, so if you told a...
Reply to the comment left by "DC " at "30/07/2015 - 13:36": If your Rental income less expenses is less than 43,000 pounds then you will not pay more tax.
Reply to the comment left by "Jason E" at "21/07/2015 - 11:15": On Megan Shaw's example she does not add Rental interest onto Actual profit from rental business ! the only thing she does with Rental interest is deduct 20%...
Reply to the comment left by "Kathy Evans" at "21/07/2015 - 09:19": I think you will find that if your current rental income is less than 43,000 pounds then your tax will stay the same apart from W&T of course.
Reply to the comment left by "Appalled Landlord" at "20/07/2015 - 21:51": Don't understand that one Appalled, so if you have, income 45,000, costs 5,000, interest charges 15,000, how would much would you have to pay 40% on ?
Is it not the case that the increase in BTL mortgages has partly been caused by the Govt themselves ? by introducing the pension reforms they must have known that people would use their pension pots to part fund buying...
Reply to the comment left by "Ali Shah" at "07/05/2015 - 06:06": Ali, forget prior to April 5th, you will need a Valuation fig as at 5th April 2015, then you have your sale figure of whenever you sell the...
Reply to the comment left by "shakeel ahmad" at "06/05/2015 - 17:32": Re Zoopla,there is no hard and fast rule on where you get the information to value your property, once you have sold your property you will fill out...
Reply to comment left by Mark Olley at 23/02/2021 - 08:56
You have to be Non-Resident for 5 years.
Read More →23rd February 2021, 5 years ago
I would imagine HMRC would use Land Registry figs so perhaps also have a look at them.
Read More →22nd September 2018, 8 years ago
Didn't he say that was the worst case scenario, i'm still waiting for the best case scenario !!!
Read More →20th March 2017, 9 years ago
So before i pop my clogs, i would be wise to sell my portfolio, pay 28% CGT on gains made since April 2015 and transfer the money to my foreign wife's account abroad ?
Read More →11th February 2017, 9 years ago
Well i finally heard from the tenants sister after her finding a note that was put through the door, the tenant has been extremely ill and still doesn't have all her faculties and therefore hasn't been able to deal with...
Read More →Reply to comment left by Mark Alexander at 04/02/2017 - 15:37
Reply to the comment left by "Mark Alexander" at "04/02/2017 - 15:37": Have messaged some friends on facebook who have the same unusual surname but as of yet have had no response. On Friday i found out where her mother...
Read More →Reply to comment left by Nick Pope at 05/02/2017 - 11:32
Reply to the comment left by "Nick Pope" at "05/02/2017 - 11:32": Thanks very much.
Read More →1st February 2017, 9 years ago
Thanks for the responses so far, yes Mark she is within a fixed tenancy, have tried the neighbor's and left a note. Unfortunately we do not know what Hospital she was/is in. At the moment i am trying to contact...
Read More →18th February 2016, 10 years ago
Not sure about now, but it use to be the case that if you applied for a mortgage as a non-resident it would have to be an ExPat mortgage and therefore on a higher rate, so if you told a...
Read More →Reply to comment left by DC at 30/07/2015 - 13:36
Reply to the comment left by "DC " at "30/07/2015 - 13:36": If your Rental income less expenses is less than 43,000 pounds then you will not pay more tax.
Read More →Reply to comment left by Ian Simpson at 22/07/2015 - 22:37
Reply to the comment left by "Ian Simpson" at "22/07/2015 - 22:37": It's the same for me Mark.
Read More →Reply to comment left by Jason E at 21/07/2015 - 11:15
Reply to the comment left by "Jason E" at "21/07/2015 - 11:15": On Megan Shaw's example she does not add Rental interest onto Actual profit from rental business ! the only thing she does with Rental interest is deduct 20%...
Read More →Reply to comment left by James Tallis at 21/07/2015 - 09:49
Reply to the comment left by "James Tallis" at "21/07/2015 - 09:49": On what scenario are you working 45t rent received or 45t rent profit ?
Read More →Reply to comment left by Kathy Evans at 21/07/2015 - 09:19
Reply to the comment left by "Kathy Evans" at "21/07/2015 - 09:19": I think you will find that if your current rental income is less than 43,000 pounds then your tax will stay the same apart from W&T of course.
Read More →Reply to comment left by Appalled Landlord at 21/07/2015 - 08:40
Reply to the comment left by "Appalled Landlord" at "21/07/2015 - 08:40": That clarify's for me, thanks very much.
Read More →Reply to comment left by Appalled Landlord at 20/07/2015 - 21:51
Reply to the comment left by "Appalled Landlord" at "20/07/2015 - 21:51": Don't understand that one Appalled, so if you have, income 45,000, costs 5,000, interest charges 15,000, how would much would you have to pay 40% on ?
Read More →Reply to comment left by kathleen drea at 17/07/2015 - 15:35
Reply to the comment left by "kathleen drea" at "17/07/2015 - 15:35": No.1 is incorrect.
Read More →17th July 2015, 11 years ago
Is it not the case that the increase in BTL mortgages has partly been caused by the Govt themselves ? by introducing the pension reforms they must have known that people would use their pension pots to part fund buying...
Read More →Reply to comment left by Ali Shah at 07/05/2015 - 06:06
Reply to the comment left by "Ali Shah" at "07/05/2015 - 06:06": Ali, forget prior to April 5th, you will need a Valuation fig as at 5th April 2015, then you have your sale figure of whenever you sell the...
Read More →Reply to comment left by shakeel ahmad at 06/05/2015 - 17:32
Reply to the comment left by "shakeel ahmad" at "06/05/2015 - 17:32": Re Zoopla,there is no hard and fast rule on where you get the information to value your property, once you have sold your property you will fill out...
Read More →Showing 20 of 31 comments