Mark Crooks

Registered with Property118.com
Tuesday 24th May 2016


Latest Comments

Total Number of Property118 Comments: 14

Mark Crooks

7:32 AM, 15th May 2021, About 7 months ago

Capital gains tax tips on family gifted property?

With this amount of money at stake (£1.8m) I would consider sourcing two or three tax experts and asking them to calculate the IHT/CGT.

The most competent should become apparent.

All their fees combined should be easily overshadowed by the saving you will make compared to trying to sort this out yourself.... Read More

Mark Crooks

7:15 AM, 5th December 2020, About A year ago

Stamp duty on main residence?

Reply to the comment left by Lindsay Keith at 04/12/2020 - 13:34That most definitely rings alarm bells! At the very least you would have thought they would investigate it and come back to the client, if only to maintain some level of competence.... Read More

Mark Crooks

10:14 AM, 31st October 2020, About A year ago

You take the risk and I will take the tenant!

Reply to the comment left by David Price at 31/10/2020 - 09:17
You don't take risk without limit. The market value of the property (if destroyed) plus costs is the limit of liability. i.e. a limit.... Read More

Mark Crooks

8:17 AM, 31st October 2020, About A year ago

You take the risk and I will take the tenant!

I thought that if LHAs or Councils wanted to effectively sub let your property, the rent and maintenance would be guaranteed for the period you agreed to (e.g. 5 years).

The downside to the landlord being lower rents compared to what you would normally expect to receive.

If this is not the case with David then I agree that terms need to be defined in relation to what benefits David is receiving for a lower rent and effectively locking this in for 5 years.

I think Michaels reply is measured and valid. 'without limit' is the wrong term. It is unreasonable to expect any person or organisation to agree to this. Would you... ever?... Read More

Mark Crooks

7:49 AM, 2nd May 2020, About 2 years ago

Has anyone ever successfully sued a District Council?

Reply to the comment left by Jessie Jones at 01/05/2020 - 21:27
Jessie Jones's suggestion is unpalatable but probably your best option if SIL will not leave. Sueing will most probably cost you heavily in money, time and stress.
Consider SILs position. You need to create a way out for him if he cannot create one himself.

It's very easy to let emotion and pride dictate your actions in situations like these but do you really want to spend the next year or two stressing about legal issues and upcoming court appearances when you already know your chances of renumeration are so low?... Read More