Hi Mark, Hope you are well. intresting vedio on CGT/incorporation. Section 160 or 162 not sure re partnership incotppration. I have two question to avoid CGT and stamp duty. a) Can a sole proprietor benefit from this section or only...
In addition CGT percentage rate should be halved in order that retiring landlord can sell to younger landlords or to first time buyers. The purchase price for calculating CGT should be realigned at least in line with the values as...
You only need to declare your property income in UK and all other income needs to be declared in Spain as you have stated that you have been in Spain for more than 183 days. You may not be aware...
CazT. It all depends on your fiscal residency. If you are a UK fiscal resident. You have to declare the Income in UK. Occasional letting or not. You have to declare the income in Spain and pay taxes due. You...
You do not need to buy a property. A rental property will suffice. The rents are around €1000 p.c.m for a half decent properties. (The housing stock is generally very poor) Most landlords do not entertain long term rental as...
The global rule is that you pay tax on rental income where ever the property is situated. So you have to pay the income tax on rental income in UK. The 60 % that you refer to relates to properties...
" non-UK resident individuals that let residential properties in the UK, individuals who let residential properties in partnership, and trustees or beneficiaries of trusts liable for income tax on property profits." Am I correct in reading that non residents can...
Many of you may remember Shapps was the housing minister. He had the opportunity to resolve the long scandalous behaviour of the Freeholders/Managing Agents extorting money. He failed as normal reply was/is " on balance it is working well" ....
@ Connie, I am usually flippant in my remarks. In this instance I will refrain due to the devastation affect on humanity. The landlords who has set up as limited company !!!! .
Most Estate are worried & they don't want to raise the issues as they don't want to lose business and/or do not have the expertise to understand the consequences to the landlords. I can say that besides the bodies like...
" most houses that she had tried to view have already been snapped up by ‘investors’'. Agents, know the investors are experienced & do half the work for them i.e. know all the ropes. FTB are on a leaning curve...
" the small landlord what tesco did for the small high street shop " Oh, noooooooo. I am already open all hours. The tenants call me late at night because they have lost their keys or had their hand bag...
Next to topple is " no confidence is David Cameron " which inspires me to having a new one set up for no confidence in George Osborne. A chancellor that can come up with such a policy without consultation, changing...
@Ros Every evening I see as to who is that we are going to topple next and set that as a target. I continue to spread the gospel on a daily basis not missing a single opportunity. This has made...
For new mortgages it would be better as Government's own calculations the effect will be "0" for two to three years. We have had & continue to have various tier's of society. The fact that a well established taxation principal...
@Saeef, I am concerned about your accountant. Does he not know that no one in civil service/Government gets fired. He or she has not done anything wrong. As that is his/her view on it. It should be GO to have...
" I have found that they only seem to get emotional when it affects them " Self preservation society & I am all right Jack and divide & rule comes to mind.
Reply to comment left by Nirav Thakkar at 05/04/2023 - 22:14
Reply to the comment left by N. T at 05/04/2023 - 22:14How can you be contacted?
Read More →8th December 2022, 3 years ago
Hi Mark, Hope you are well. intresting vedio on CGT/incorporation. Section 160 or 162 not sure re partnership incotppration. I have two question to avoid CGT and stamp duty. a) Can a sole proprietor benefit from this section or only...
Read More →15th March 2022, 4 years ago
In addition CGT percentage rate should be halved in order that retiring landlord can sell to younger landlords or to first time buyers. The purchase price for calculating CGT should be realigned at least in line with the values as...
Read More →14th March 2022, 4 years ago
Reverse Section 24 and Stamp duty surcharge will be a good start followed by the additional 2% non resident/expats stamp duty.
Read More →12th March 2022, 4 years ago
You only need to declare your property income in UK and all other income needs to be declared in Spain as you have stated that you have been in Spain for more than 183 days. You may not be aware...
Read More →12th March 2022, 4 years ago
CazT. It all depends on your fiscal residency. If you are a UK fiscal resident. You have to declare the Income in UK. Occasional letting or not. You have to declare the income in Spain and pay taxes due. You...
Read More →7th March 2022, 4 years ago
You do not need to buy a property. A rental property will suffice. The rents are around €1000 p.c.m for a half decent properties. (The housing stock is generally very poor) Most landlords do not entertain long term rental as...
Read More →7th March 2022, 4 years ago
The global rule is that you pay tax on rental income where ever the property is situated. So you have to pay the income tax on rental income in UK. The 60 % that you refer to relates to properties...
Read More →22nd July 2016, 10 years ago
" non-UK resident individuals that let residential properties in the UK, individuals who let residential properties in partnership, and trustees or beneficiaries of trusts liable for income tax on property profits." Am I correct in reading that non residents can...
Read More →23rd January 2016, 10 years ago
Many of you may remember Shapps was the housing minister. He had the opportunity to resolve the long scandalous behaviour of the Freeholders/Managing Agents extorting money. He failed as normal reply was/is " on balance it is working well" ....
Read More →4th September 2015, 11 years ago
@ Connie, I am usually flippant in my remarks. In this instance I will refrain due to the devastation affect on humanity. The landlords who has set up as limited company !!!! .
Read More →4th September 2015, 11 years ago
Most Estate are worried & they don't want to raise the issues as they don't want to lose business and/or do not have the expertise to understand the consequences to the landlords. I can say that besides the bodies like...
Read More →3rd September 2015, 11 years ago
" most houses that she had tried to view have already been snapped up by ‘investors’'. Agents, know the investors are experienced & do half the work for them i.e. know all the ropes. FTB are on a leaning curve...
Read More →3rd September 2015, 11 years ago
" the small landlord what tesco did for the small high street shop " Oh, noooooooo. I am already open all hours. The tenants call me late at night because they have lost their keys or had their hand bag...
Read More →1st September 2015, 11 years ago
Next to topple is " no confidence is David Cameron " which inspires me to having a new one set up for no confidence in George Osborne. A chancellor that can come up with such a policy without consultation, changing...
Read More →1st September 2015, 11 years ago
@Ros Every evening I see as to who is that we are going to topple next and set that as a target. I continue to spread the gospel on a daily basis not missing a single opportunity. This has made...
Read More →1st September 2015, 11 years ago
The petition has more fans than West Ham united !!!!!!
Read More →31st August 2015, 11 years ago
For new mortgages it would be better as Government's own calculations the effect will be "0" for two to three years. We have had & continue to have various tier's of society. The fact that a well established taxation principal...
Read More →31st August 2015, 11 years ago
@Saeef, I am concerned about your accountant. Does he not know that no one in civil service/Government gets fired. He or she has not done anything wrong. As that is his/her view on it. It should be GO to have...
Read More →30th August 2015, 11 years ago
" I have found that they only seem to get emotional when it affects them " Self preservation society & I am all right Jack and divide & rule comes to mind.
Read More →Showing 20 of 303 comments