Mark Alexander

Registered with Property118.com
Monday 17th January 2011

Specialisms
Declarations Of Trust


Latest Comments

Total Number of Property118 Comments: 11448

Mark Alexander

9:15 AM, 27th July 2021, About 3 days ago

Candy Brothers Lose £4m Stamp Duty SDLT Battle with HMRC - How You Can Avoid Making The Same Error?

I think the substantial performance point was a 'no-brainer' on this case, which I have still yet to read fully, but I suspect the legal argument was that SDLT should only have been paid on the first transaction. That too was always a weak argument but the second SDLT charge could have been substantially mitigated with proper planning.

If the first transaction had been through a Limited Company then the SDLT on the sale of the shares in the Limited Company as the second transaction would have reduced the SDLT on that transaction to just 0.5%.

That's nearly a £2,000,000 saving!

But for the sake of a £400 tax planning Consultation fee payable to Property118, Holly could have been enjoying a significantly larger handbag budget this year!

Incidentally, the same SDLT anti-avoidance legislation can also be used positively to avoid the need to refinance at the point of incorporation - see https://www.property118.com/tax/incorporating-property-portfolio-without-refinance/ ... Read More

Mark Alexander

14:09 PM, 25th July 2021, About 4 days ago

A Quiz For Property Traders

I suspect the Accountants are afraid to play for fear of looking silly. Another thought is that they might be waiting to post on the 11th hour for fear of someone picking up on issues that have yet to be mentioned and thus giving someone else an opportunity to post an even better answer.

Tactics?

Time will tell

🤔... Read More

Mark Alexander

20:58 PM, 1st July 2021, About 4 weeks ago

A Quiz For Property Traders

Reply to the comment left by Katy Ann at 01/07/2021 - 20:54
lol 😂... Read More

Mark Alexander

20:33 PM, 1st July 2021, About 4 weeks ago

A Quiz For Property Traders

Reply to the comment left by Katy Ann at 01/07/2021 - 19:19
Well done!... Read More

Mark Alexander

13:57 PM, 1st July 2021, About 4 weeks ago

A Quiz For Property Traders

Reply to the comment left by Tim Rogers at 01/07/2021 - 13:41
It did, but I still liked the cheek of the answer :D... Read More