From my research the incorporation relief s162 deals with cgt , not stamp duty. If you are a sole trader and use incorporation relief it's free of cgt at time of transfer but will have to pay stamp duty, but...
Reply to the comment left by "NW Landlord" at "27/04/2016 - 17:38": Hi NW landlord I have a question I also spoke to mark smith, I thought as a partnership their would be no stamp duty ? Of course with...
In relation to Megan shaw comment ie landlords with 4-6 properties will not be effected or as in seef comments £50,000 will be deductible as finance costs. i have not read anything on the bill commitee of any submissions of...
Dear all Considering the email which I received from Megan shaw which I originally posted, it showed all rents totalled up. I read this accountants website on how the new measures will calculate , very confusing as its shows 50k...
Reply to the comment left by "Gentle Landlord" at "26/07/2015 - 11:30": Hmm.. If that is so it no longer becomes a capital gains tax, I doubt this would happen ,,imagine a landlord buys a house for 500k then sell...
Reply to the comment left by "Appalled Landlord" at "16/07/2015 - 10:43": I would like to ask why have you subtracted 11000 from the finance costs ? I do not understand this I'm afraid pls explain why the deduction?
im having a few issues i know how the calculation is calculated from megan shaw email ie, rental - maintenance costs = amount to be taxed on , then subtracted by 20 percent of finance costs could some one please...
Something tells me this will be heavily diluted , I mean how many Tory mp's are their with property? Do they want to be taxed more ? Or even the price of their rental properties to be decay in value...
Hi everyone, this is a most disturbing time for us all, i sent an email to Megan Shaw at HMRC whose name is on the HMRC documents posted for the restricting of mortgage relief, i have received a response on...
I have a question i have heard on this forum it states you have to determine whether you are a basic rate tax payer or higher if the rules apply, i am having a difficult time understanding this, Could someone...
27th April 2016, 10 years ago
From my research the incorporation relief s162 deals with cgt , not stamp duty. If you are a sole trader and use incorporation relief it's free of cgt at time of transfer but will have to pay stamp duty, but...
Read More →Reply to comment left by NW Landlord at 27/04/2016 - 17:38
Reply to the comment left by "NW Landlord" at "27/04/2016 - 17:38": Hi NW landlord I have a question I also spoke to mark smith, I thought as a partnership their would be no stamp duty ? Of course with...
Read More →30th March 2016, 10 years ago
I read that product transfers and remortgages on buy to let's that the new proposals will not be affecting these??
Read More →14th October 2015, 10 years ago
In relation to Megan shaw comment ie landlords with 4-6 properties will not be effected or as in seef comments £50,000 will be deductible as finance costs. i have not read anything on the bill commitee of any submissions of...
Read More →29th July 2015, 11 years ago
Dear all Considering the email which I received from Megan shaw which I originally posted, it showed all rents totalled up. I read this accountants website on how the new measures will calculate , very confusing as its shows 50k...
Read More →Reply to comment left by Gentle Landlord at 26/07/2015 - 11:30
Reply to the comment left by "Gentle Landlord" at "26/07/2015 - 11:30": Hmm.. If that is so it no longer becomes a capital gains tax, I doubt this would happen ,,imagine a landlord buys a house for 500k then sell...
Read More →Reply to comment left by Appalled Landlord at 16/07/2015 - 10:43
Reply to the comment left by "Appalled Landlord" at "16/07/2015 - 10:43": I would like to ask why have you subtracted 11000 from the finance costs ? I do not understand this I'm afraid pls explain why the deduction?
Read More →15th July 2015, 11 years ago
im having a few issues i know how the calculation is calculated from megan shaw email ie, rental - maintenance costs = amount to be taxed on , then subtracted by 20 percent of finance costs could some one please...
Read More →14th July 2015, 11 years ago
Something tells me this will be heavily diluted , I mean how many Tory mp's are their with property? Do they want to be taxed more ? Or even the price of their rental properties to be decay in value...
Read More →14th July 2015, 11 years ago
Hi everyone, this is a most disturbing time for us all, i sent an email to Megan Shaw at HMRC whose name is on the HMRC documents posted for the restricting of mortgage relief, i have received a response on...
Read More →12th July 2015, 11 years ago
I have a question i have heard on this forum it states you have to determine whether you are a basic rate tax payer or higher if the rules apply, i am having a difficult time understanding this, Could someone...
Read More →