roman lipka

Registered with
Thursday 16th November 2017

Latest Comments

Total Number of Property118 Comments: 2

roman lipka

17:22 PM, 10th February 2020
About A year ago

CGT payment deadline changes!

If the property qualifies for PPR does it then mean you have until the 31st of January to pay your cgt?... Read More

roman lipka

11:51 AM, 16th January 2018
About 3 years ago

SIPP in the context of reducing the agony of Section 24 tax changes


This is a very good question as the tax relief (for a 40% taxpayer) on mortgage interest payments is going to hit hard especially in a few years time whereas you can claim the full tax relief on mortgage interest payments as a basic rate taxpayer.
If you make contributions into a Sipp as a higher rate taxpayer you can reclaim the additional relief via your tax return. You can put up to £40,000 p.a and go back two further years and use that allowance also. By placing enough into your Sipp to reduce your income to make you a basic rate taxpayer I do not know if this is how it works. But if you are on the cusp (or just over)of being a higher rate taxpayer and you can place money into a Sipp to make you a basic rate taxpayer then this could work for a lot of Landlords. If there are any accountants out there to correct and advise on this thread then I would be grateful for a reply... Read More