Peter Simpson

Registered with
Monday 26th August 2013

Latest Comments

Total Number of Property118 Comments: 5

Peter Simpson

8:29 AM, 1st September 2016, About 5 years ago

Capital gains on BTL to be taxed as income

Reply to the comment left by "Sue Wall" at "31/08/2016 - 23:35":

It comes down to intention on acquisition/purchase:

Buy to let = To hold long term to generate rents = Income tax on rents/CGT on price gain

Trading = To hold short term to generate profit from sale = income tax on sale profits

Developer is not a tax term. Both businesses can involve 'developing' a property but it makes no difference to the tax status

What ifs can apply ie tenants in a trading property or a quick sale of a letting property, but these do not change the purchase intention

Property people can and do run both businesses at the same time... Read More

Peter Simpson

9:39 AM, 31st August 2016, About 5 years ago

Capital gains on BTL to be taxed as income

Unfortunately you have copied a story on another web site that has misinterpreted the Finance Bill. See

Reading the measure, the pertinent condition for landlords says only property held as trading stock comes under the new proposed rules.

Buy to let can never be held as trading stock as they are an investment not property or land acquired for trading (ie speculation by flippers). The term 'developer' is not defined in law - statutes talk about rental property businesses and property traders. The two are very different and this amendment of the existing law about taxing traders will not affect landlords.

Although landlords can develop or refurbish, the intention is to generate income not to sell at a gain or profit as the clause states.

What is left is just a scare story with no substance. Those that are worried should discuss this with a tax professional to allay their fears... Read More

Peter Simpson

15:11 PM, 14th January 2014, About 7 years ago

Ever thought about blogging about property in your town?

Presumably Property 118 would gain the SEO ranking in Google for everyone first publishing their blog on the site, so although that helps Property 118 gain more ground in Google, how would that help a local business with its own Google ranking?

Would Property 118 give links back to outside blogs and accept second postings, as that would really help a local business on Google?

Surely posting direct to a business blog benefits a local business more?

If you had 10 blogs posting from 10 different cities, then Property 118 would gain ranking in searches for those areas.... Read More

Peter Simpson

16:55 PM, 27th August 2013, About 8 years ago

The practicalities of a deeds of trust and using a Ltd company in England

Reply to the comment left by "Mark Alexander" at "27/08/2013 - 15:55":

Bit concerned that the professional advisers and property gurus do not realise companies do not pay CGT but corporation tax on chargeable gains.


 ... Read More

Peter Simpson

15:53 PM, 26th August 2013, About 8 years ago

Does my Buy to Let lending criteria make sense?

Reply to the comment left by "Mark Alexander" at "23/08/2013 - 17:33":

Paragon were born out of the ashes of the debacle of what was National Home Loans were they not? Don't think the old NHL got much right... Read More