steve sanders
steve sanders
Registered with Property118.com
17th April 2014
Total Posts
0
Total Comments
24
Registered with Property118.com
17th April 2014
Total Posts
0
Total Comments
24
30th August 2015, 11 years ago
@Ian I agree with @Barry, letter probably a bit long but I agree with the idea of writing to tenants. We are sending a letter with all s21's we issue, blaming the budget for their eviction because the landlord is...
Read More →30th August 2015, 11 years ago
Ok, lets talk about level playing fields. What about level playing field between individual landlords and LTD company landlords??? What about level playing field between individual landlords and Trust landlords??? What about level playing field between individual landlords and any...
Read More →30th August 2015, 11 years ago
George Osbornes "Alice In Wonderland' turnover tax WILL go thgrough. "The Idiot Of Islington'' WILL become Labour Leader. (No one under 45 remembers how disatourous lefty policies are, and they will all vote for policies of, "free money for the...
Read More →Reply to comment left by KATHY MILLER at 23/08/2015 - 11:44
Reply to the comment left by "KATHY MILLER" at "23/08/2015 - 11:44": Just to rephrase what you said, they only knife you here if you have done well in a single generation. Remember, the super mega wealthy such as the...
Read More →23rd August 2015, 11 years ago
'No mention of this stupid change in the general election manifesto', people say. Oh yes it was mentioned in the election campain https://www.youtube.com/watch?v=YzGyEXPDQBI Fast forward to 4:20 in the timeline of this car crash interview with Natalie Bennet, Green Party...
Read More →10th August 2015, 11 years ago
i believe multiple companies doing the same or similar business would be seen as avoidance and they will get you for it. See below example: http://www.accountingweb.co.uk/topic/business/splitting-business-avoid-vat-rebecca-benneyworth
Read More →10th August 2015, 11 years ago
Jakub, that wont work. Firstly fees charges would have to be what you would reasonably expect to pay for property management to an arms length company. That would mean no more than 20% ish. Also when you get to £84k...
Read More →Reply to comment left by Ros . at 10/08/2015 - 19:42
Reply to the comment left by "Ros ." at "10/08/2015 - 19:42": if incorporating more than 6 properties in one go, it is deemed commercial and is a flat 4%
Read More →10th August 2015, 11 years ago
Ros, My credentials are that I have built up a property protfolio over many years and have annual mortgage interest payments in excess of £500k pa. Therefore this affects me big time. I have spent a lot of time in...
Read More →10th August 2015, 11 years ago
BTW, It seems crazy that they change the rules for non-resident CGT but make them effective FROM 2015. However, the canges to interest relief (aka turnover tax), don't apply to new loans from 2015 but to all existing loans!!!!!!! This...
Read More →10th August 2015, 11 years ago
Very interesting. Mark, I don't know why you are so dismissive of the Ramsay case. The Upper Tribunal found in favour of Ramsay in 2013. If the HMRC wanted to appeal that decision, then they had 56 days to do...
Read More →28th July 2015, 11 years ago
Excellent BTL. May I suggest some additional points. Under the heading 'How might tenants will be affected by the proposal?' - In order to find the money to pay the tax many Landlords in high value areas in London and...
Read More →22nd July 2015, 11 years ago
On another note, I kind of saw this coming. I am not a banker but I hated the principle of bankers bonus tax or bankers levy. Once we as a society accept that different groups of people can just be...
Read More →22nd July 2015, 11 years ago
This is not tax relief or landlord tax. This is 'Turnover tax'. The Left talked about turnover tax for the likes of Google, Amazon, Starbucks etc. But the Conservatives have chosen to introduce Turnover tax on individual landlords. They have...
Read More →21st July 2015, 11 years ago
Angela, many small practice accountants are glorified book-keepers. Most just want you to stick to a vanilla tax paying arrangement so that their life is simpler. They are also terrified to suggest any tax planning or provide advice in case...
Read More →21st July 2015, 11 years ago
Mark, I think your example is excellent. I have spoke to quite a few landlords since the budget and I have been amazed how many landlords with 30+ properties aren't aware of the impact on their business. Also, there was...
Read More →Reply to comment left by Mark Alexander at 20/07/2015 - 23:28
Reply to the comment left by "Mark Alexander" at "20/07/2015 - 23:28": Mark, I hate this as much as you do. It totally desimates my business model. I fully agree with your assessment on what it will do to the...
Read More →20th July 2015, 11 years ago
I hope that I am proved wrong but I think you are all barking up the wrong tree and your letters will get no where. The fact is, no one (ie average voters), don't give a stuff about the plight...
Read More →19th November 2014, 11 years ago
If you provide a separate living room, tenants sub-let it. Thats why we just make the kitchen bigger and call it an open-plan kitchen-lounge
Read More →19th November 2014, 11 years ago
Paragon own The Mortgage Trust. TMT are their vanilla BTL arm which will do upto 5 properties for borrowers whose main income is not BTL. Anything else is through Paragon which is more commercial. (I am not a broker. This...
Read More →Showing 20 of 24 comments