Summer Budget 2015 – Landlords Reactions
2:00 PM, 8th July 2015, 11 years ago
9619
Categories:
The concern is;
Budget proposals to “restrict finance cost relief to individual landlords”. 
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Tags:
Budget 2015 Campaign
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Member Since September 2013 - Comments: 771
7:13 AM, 20th November 2015, About 10 years ago
Reply to the comment left by “Saeef Khan” at “19/11/2015 – 22:19“:
Accountingwebb thinks the same and that he will close some loop poles
Member Since August 2013 - Comments: 108
7:15 AM, 20th November 2015, About 10 years ago
Reply to the comment left by “Saeef Khan” at “19/11/2015 – 22:19“:
Sell bmv to your ltd problem solved
Member Since September 2013 - Comments: 771
7:16 AM, 20th November 2015, About 10 years ago
Lessons in lobbying for tax change
http://www.accountingweb.co.uk/article/lessons-lobbying-tax-change/592987
Member Since September 2013 - Comments: 771
7:30 AM, 20th November 2015, About 10 years ago
Reply to the comment left by “Ros .” at “19/11/2015 – 23:29“:
http://www.accountingweb.co.uk/article/autumn-statement-predictions/592776
Member Since January 2011 - Comments: 12193 - Articles: 1395
10:22 AM, 20th November 2015, About 10 years ago
Reply to the comment left by “Simon ” at “20/11/2015 – 07:15“:
You said “Sell bmv to your ltd problem solved”
WRONG!
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Member Since August 2013 - Comments: 108
11:04 AM, 20th November 2015, About 10 years ago
Reply to the comment left by “Mark Alexander” at “20/11/2015 – 10:22“:
How so ? no or low cgt and a wrapper of ltd protection for the future
Member Since January 2011 - Comments: 12193 - Articles: 1395
11:20 AM, 20th November 2015, About 10 years ago
Reply to the comment left by “Simon ” at “20/11/2015 – 11:04“:
The transaction would be deemed to have progressed at full market value for CGT purposes once discovered and HMRC would deal with the matter of tax evasion, which is criminal..
SDLT would be also payable by the company on the purchase.
You would need to refinance.
Far from “sorted” I’d say.
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Member Since August 2013 - Comments: 108
2:06 PM, 20th November 2015, About 10 years ago
Reply to the comment left by “Mark Alexander” at “20/11/2015 – 11:20“:
Yes sdlt in purchase by ltd & finance costs but bmv sales never had a problem some auction lots are sold 50% bmv and sdlt payable on sale price, if several sales may be linked as you mentioned a while back, only trying to help people who want out
Member Since January 2011 - Comments: 12193 - Articles: 1395
3:17 PM, 20th November 2015, About 10 years ago
Reply to the comment left by “Simon ” at “20/11/2015 – 14:06“:
I understand that you are trying to be helpful Simon but your recommendations are dangerous.
Selling to or buying a property BMV is very different when the third part has no connection. That said, there are still risks, albeit different risks.
If you were to put all of your properties in an established auction which marketed them properly, and you happened to be the highest bidder, you would have a good case. Failing that, I’m sorry to say that I think your suggestion is a very bad one.
.
Member Since July 2015 - Comments: 247
4:04 PM, 20th November 2015, About 10 years ago
Mark , is the average of 3 local estate agent quotes acceptable or does it need to be a rics valuation ?