Phil Ashford, Author at Property118

Phil Ashford

People weren’t saying it they were “quoting it” from the most primary source that there is on the matter. Under “Am I Eigible?” This still hasn’t changed despite the confusion on the matter. https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/#f2

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Reply to the comment left by Will Taylor at 06/05/2020 - 14:07Will, when you submit a CT600, you do so on a self declaration basis. It is a Director’s duty to do so compliantly. You may have delegated the responsibility...

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Reply to the comment left by Ray Davison at 06/05/2020 - 12:00Hello Ray. It does say that under Eligibility Criteria 1. But it doesn’t say that in Eligibility Criteria 8. In effect it is saying, if your were engaged in...

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Reply to the comment left by Luke P at 06/05/2020 - 11:29Hi Luke. That’s one of the first places I commented. Ranjan has since liked other comments, typed replies to others but has skipped mine out. He has also skipped...

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Reply to the comment left by Robert Mellors at 06/05/2020 - 10:40Robert - By that argument, you are arguing that private landlords should pay National Insurance on their rental profits... but as we all know, they don’t. Why? Because they...

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It asks on the CT600 for your Trading Income (Schedule DI Income). It asks for your investment income (Schedule DIII). It asks for your property income (Schedule A). So a company submits a Corporation Tax Return that splits out all...

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Ranjan and Andrew cling onto the definition of “commercial activity”. Which is included in Point 1 of the several Eligibility Criteria. You hang on this one point and use it to conclude that you pass every other Eligibility Criteria as...

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Reply to the comment left by Bill O'Dell at 06/12/2018 - 14:04You and Michael Barnes make an assumption that there are fees involved with creating a renewal Tenancy? There’s plainly obvious reasons why a Fixed Term Contract is more preferable...

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Summer Budget 2015 – Landlords Reactions

7th September 2015, 11 years ago

Barry White makes some very relevant points that if thoughtfully discussed, strengthen ones understanding of ones own argument. Barry, for the avoidance of doubt, your comments are very welcome and provide useful prompts for people to consider.

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Reply to the comment left by "Charmaine ******" at "05/09/2015 - 14:36": It probably affects middle earners proportionately more, looking at their whole effective tax rate rise, as per this graph I prepared. Maybe send across that graph, it's a...

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Reply to the comment left by "Appalled Landlord" at "03/09/2015 - 17:17": Thank you. I've passed on your message to the website owner.

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Reply to the comment left by "Mark Alexander" at "02/09/2015 - 16:26": I would be careful with advice per se. I would outline the factual circumstances and apply some 'what if' type analysis to their situation. I would then present...

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Summer Budget 2015 – Landlords Reactions

2nd September 2015, 11 years ago

Thanks Barry for quoting the blog article. Interestingly, responses to it have mainly been from 'accidental Landords' which is exactly what I would expect. They are recent buyers, on average at a greater LTV and without a defined investment plan....

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Hello Mark I'm struggling to understand this structure, maybe a diagram would help. However, as I understand your proposal, you want the individual to retain ownership of the asset and to lease it to a Close Company which you own....

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Setting up small unlicensed HMO

2nd July 2014, 12 years ago

Hi Gilly. Ironically, I would advise a tenant to steer clear of your arrangement. Since their legal obligation is extremely onerous. They must be jointly liable to any unpaid rent - with people they do not know and can place...

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Setting up small unlicensed HMO

30th June 2014, 12 years ago

I cannot advocate what Gilly has put here. Letters overriding clauses, inventories a waste etc...?! In short, set up a HMO correctly, or don't bother. Try and circumvent things in your favour and it will come to bite...

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Trapped by high gearing and CGT

15th June 2014, 12 years ago

Did your accountant actually advise you? If so, you have faith in them?

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It always was a HMO, it always could have needed to comply with mortgage conditions and always could have needed the suggested works now required by licensing, but previously potentially required from the Management of HMOs regulations 2006. Therefore, the...

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Reply to the comment left by "Steve Gibson" at "24/02/2014 - 17:59": Hello Steve An agent has an interest in ensuring they get their appropriate management fee as negotiated with the current landlord. If the sale didn't happen, the agent...

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Mick - the agent's view that you must stay with them is at worst deceitful, and at best, well I'm not sure to be honest because it would appear they no nothing about what an 'agent' is! You do not...

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Showing 20 of 38 comments

Phil Ashford

Phil Ashford


Registered with Property118.com

9th July 2013

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