Rob Spriggs

Registered with Property118.com
Tuesday 16th February 2016


Latest Comments

Total Number of Property118 Comments: 4

Rob Spriggs

10:25 AM, 25th February 2016
About 5 years ago

Rollover relief from office property?

Reply to the comment left by "Raphael Coman, FCCA, CTA" at "25/02/2016 - 09:49":

Dear Raphael,

I have sort advice on this matter through a Specialist Tax Dept who have confirmed that you should qualify CGT Holdover Relief (you defer paying the CGT) if the gain made on your sold buy to let, is being invested into a Holiday Let business which is available to the general public for 140 days each tax year and must be let for at least 70 days. On the sale of the Holiday Let business you should qualify for Entrepreneur’s Relief which is 10% of all net gains rather than 28%!

The caveat is that the Holiday Let businesses must be ran correctly and signed off your via your self assessment!

Regards,... Read More

Rob Spriggs

21:09 PM, 24th February 2016
About 5 years ago

Does a BTL mortgage exist for property leased to a serviced apartment company?

Reply to the comment left by "Neil Patterson" at "20/12/2015 - 16:16":

I too, am in a similar situation with a Serviced Apartment dilemma if you don't mind me emailing you?
Kind regards,... Read More

Rob Spriggs

18:56 PM, 24th February 2016
About 5 years ago

Rollover relief from office property?

Reply to the comment left by "Raphael Coman" at "24/02/2016 - 13:37":

I've recently sold a BTL residential property and I am considering purchasing a FHL property for personal reasons (work/life balance, etc).
A benefit of this transaction means I am entitled to Holdover Relief (simular to Rollover relief) as long as the criteria for the FHL are met.
Advice should be sort from your accountant before embarking on such a strategy. You would be liable for entrepreneurs Relief on the sale of the FHL.... Read More

Rob Spriggs

16:11 PM, 24th February 2016
About 5 years ago

Strategy to grow your portfolio 75% LTV or 80% LTV and why?

Reply to the comment left by "Rob Crawford" at "22/02/2016 - 13:09":

Totally agree that it depends on the geographical location of the BTL - sometimes the mortgage criteria will not allow you to get close to 80% LTV gearing - rental yields could be low but capital appreciation could be higher.
I recently sold a property because the I couldn't gear it above 60% (mortgage lending criteria) but I'm now making that equity work harder by buying another BTL.... Read More