Paul Mullally
Paul Mullally
Registered with Property118.com
11th October 2014
Total Posts
0
Total Comments
69
Bio
Portfolio Landlord for over 30years
Registered with Property118.com
11th October 2014
Total Posts
0
Total Comments
69
Bio
Portfolio Landlord for over 30years
15th October 2024, 1 year ago
Hi Robert, Your concerns are correct. If you want to replace the old Storage Heaters, then you need to purchase High Heat Retention (HHR) Storage Heaters. If you follow your Electricians advice, your EPC will indeed go down (as confirmed...
Read More →Reply to comment left by Tom Crispin at 21/03/2023 - 19:00
Reply to the comment left by Tom Crispin at 21/03/2023 - 19:00Hi Tom, You have an interesting strategy and plan. I have 3 boys (a lot older than yours now), and followed a very similar plan. One slight change was...
Read More →Reply to comment left by Jeremy Johnson at 02/08/2022 - 14:46
Yep. Secured against my PPR, but to purchase a BTL. I just need to get an updated EPC on my home once the loan is in place. Should be an easy C
Read More →2nd August 2022, 4 years ago
I've had a slightly different experience but not on a BTL. In my case, the current EPC rates the property as an "E" but the provider has said that if I can improve it to a "C", they will refund...
Read More →18th May 2022, 4 years ago
Hi Jean, I'm not a legal specialist but am in a similar situation to you but only on the other side of the fence. I hold the freehold of a number of properties in a development which sound identical to...
Read More →12th August 2021, 5 years ago
They test two habitable rooms per flat but won't tell you which ones they test, so correct about excluding the bathrooms, hallways and kitchens (assuming the kitchen and living room aren't open plan). Sound transference is your enemy, so the...
Read More →12th August 2021, 5 years ago
Hi Sharron, I feel your pain and I hope you have the patience and budget to handle this. I own a mixed building of similar age to yours which had a single flat above. I applied for planning to add...
Read More →3rd March 2019, 7 years ago
I would agree that if it's as you described, then it should have been as it adheres to the 708 notice: https://www.gov.uk/guidance/vat-on-energy-saving-materials-and-heating-equipment-notice-7086 However, I don't think it's necessarily a question for your accountant, but more so for your contractor. If...
Read More →7th February 2019, 7 years ago
In response to the opening Post and JJ, JJ's advice is spot on regards the Pensions, IHT planning, & CGT. There are other Investment options such as VCT's, but for Corporations (Ltd Companies), the charges offset any benefit. If you...
Read More →Reply to comment left by Richard Jackson at 06/02/2019 - 09:49
Reply to the comment left by Richard Jackson at 06/02/2019 - 09:49Richard, Corporation Tax is paid on the whole company profit, so in your example you will be paying 19% on the £100k and not 19% on the £15k (sorry)....
Read More →21st January 2019, 7 years ago
Absolutely as it's the main contractor who's responsible for paying the Vat on materials at source but then only charging on at the Reduced Rate. If you're doing the works yourself or supplying materials for someone else to install, then...
Read More →21st January 2019, 7 years ago
Hi Robert, Exactly. The Council is the most reliable entity, but I have used Solicitors as well where it is an estate sale. Unfortunately other utility companies won't provide any details whatsoever on previous occupiers. The other thing I would...
Read More →21st January 2019, 7 years ago
You also qualify for Reduced Rate VAT when you are bringing a property back into residential use when it has been empty and dilapidated for in excess of 2 years. However a couple of points to be aware of: 1....
Read More →Reply to comment left by Peter Gulline at 19/04/2018 - 17:02
Reply to the comment left by Peter Gulline at 19/04/2018 - 17:02oh yes, happy times :-)
Read More →Reply to comment left by Peter Gulline at 19/04/2018 - 16:57
Reply to the comment left by Peter Gulline at 19/04/2018 - 16:57Correct
Read More →19th April 2018, 8 years ago
Peter, With different class of shares, you can vote different dividend amounts or not at all to one specific share class. If you have children over 18, you could also look to create "growth shares" to move wealth "down the...
Read More →Reply to comment left by Tim Rogers at 18/04/2018 - 09:49
Reply to the comment left by Tim Rogers at 18/04/2018 - 09:49Tim, I'm not sure what you getting at, but if you've given/loaned money to the company but not charged any interest, then you can pay it back whenever you...
Read More →17th April 2018, 8 years ago
Sorry to tell you Desi, but that's wrong. If you're charging interest to your limited company, you are earning additional income personally (regardless of what interest rate you charge) and this must be reported on both the CT61 form quarterly...
Read More →17th April 2018, 8 years ago
Hi Peter, I am in a similar situation but in England, so the tax treatment may be different. When you charge the interest to the Ltd company, you must complete the CT61 form as you state and pay the 20%...
Read More →14th March 2018, 8 years ago
I would check your Title deeds and Lease agreements to see if there is a clause to prevent the same person owing more that 2 two properties in the same Freehold development. I know a couple of the developments I...
Read More →Showing 20 of 69 comments