April

Registered with Property118.com
Thursday 24th November 2016

Trading Status
Joint

Number of rental properties owned
6 - 10

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 16

April

13:36 PM, 28th October 2020
About 15 hours ago

Sell my Main Residence to my Property Ltd Co and lease it back to myself?

Section 7 of CRAG may be of interest. I am a lay person but I have read this guidance in full and very carefully and I believe it may hold various keys depending on your circumstances as regards the care home costs with which you are concerned.... Read More

April

10:54 AM, 5th October 2020
About 3 weeks ago

S8 eviciton and Notice of claim dilemma?

I know how you feel Barbara but as Smartermind says, it will be a pyrrhic victory and your stress and the cost to you and your family isn't either. If you can't bear to negotiate with your tenant - I certainly couldn't - perhaps your solicitor might help?... Read More

April

20:10 PM, 5th June 2020
About 5 months ago

Buying another flat for personal and AirBNB use?

I find SA a very tax efficient source of income south of the border. We have a number of apartments in a leasehold block (we had to negotiate a side agreement to the lease with the freeholder which I'm not happy about but which will hold water for as long as the SA guests behave themselves and don't make the freeholder's life so difficult they revisit the agreement). We bought the properties in a Ltd company which means that we made directors' loans for the deposits which we will withdraw over a number of years from profit. We have also claimed capital allowances which will ensure tax free income for a number of years. But the cost of finance and accountancy for Ltd companies has to be factored into your calculations as both mean severely reduced profits and conveyancers appear to find buying SA/reading leases/buying for companies almost impossible (in my experience). Although, TBF, conveyancers on the whole find reading any paperwork rather a bind and I would always recommend reading all the paperwork yourself in detail.... Read More

April

14:27 PM, 20th September 2019
About A year ago