Mark C

Registered with Property118.com
Sunday 4th June 2017

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 2

Mark C

18:02 PM, 3rd November 2018
About A year ago

Initiative Q

Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of credit cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this.

Here is my invite link:
https://initiativeq.com/invite/HIEbCgo37

This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.... Read More

Mark C

14:33 PM, 5th June 2017
About 3 years ago

Transfer of beneficial ownership from spouse - No mortgage?

Thank you both for your responses.

I know that where a property is jointly legally owned, Form 17 has to be submitted to HMRC, along with a copy of the Declaration of Trust. But in this case where there is sole legal ownership, if we go ahead with the transfer of 99% of the beneficial ownership, would we need to inform HMRC straight away after the Declaration of Trust becomes effective? Or would HMRC only need to be informed when our tax returns are submitted after the end of the current tax year?

In addition, if the property were to be sold in the future, would the CGT liability be different as a result of the transfer of the beneficial ownership? Although we do not have any plans to sell the property in the short term, we would like to be aware of any potential adverse consequences before proceeding with the transfer of beneficial ownership.

Many thanks
Mark... Read More