Tim Rogers

Registered with Property118.com
Saturday 18th November 2017

Latest Comments

Total Number of Property118 Comments: 90

Tim Rogers

8:53 AM, 22nd September 2021, About 5 days ago

Death Bed Tax Planning For Landlords

Seizing the opportunity to allow my wife to take advantage of the nil CGT rate now, a little extreme perhaps....lol?... Read More

Tim Rogers

20:42 PM, 21st September 2021, About 5 days ago

Death Bed Tax Planning For Landlords

My brain cell was following this fairy well until your last statement.

"The above strategy could also be used to wash out capital gains at the point of incorporation post death of Mr X, without the need for ‘incorporation relief’ being applied."

I think you're suggesting that as Mrs X effectively becomes the new owner of 100% of the properties after MrX demise, if she incorporates quickly then CGT will not have had time to accrue sufficiently to matter?

Having acted as Executor recently I am acutely aware that probate can take many months to be granted. Can you incorporate before probate is granted?

A little food for thought......
There are the rumours of the chancellors intentions concerning CGT at death, if these materialise the nil CGT band may go.
There are also his possible IHT changes to bring it inline with income tax.
As husband and wife are treated as separate entities for tax purposes, some element of IHT between spouses may be introduced.... Read More

Tim Rogers

10:46 AM, 14th September 2021, About 2 weeks ago

New gas safety certificate to sell?

I've found that for the minimal cost, ( in relation to the sale price), having it as part of the "sales package" was a smart move.

Putting together a sales package of as much relevant documentation as possible helps the whole process go smoothly, with a lot less confirmation phone calls

Things like:-
Boiler invoice
Confirm the possession of the user manual etc...
Details of the service engineer
Details of any existing guarantee that can be transferred.
Electrical safety cert
Any invoices and/or guarantees on work done.
(even if not transferable)

Include copies of it all in the response to the solicitors question sheet. Also give a copy to the selling agent.

Leave the originals in the property on completion.... Read More

Tim Rogers

13:26 PM, 1st September 2021, About 4 weeks ago

Generation Rent want open ended tenancies and Landlords to cover moving costs

Is there anyway of posting these excellent points on their website?... Read More

Tim Rogers

21:37 PM, 31st August 2021, About 4 weeks ago

A Quiz For Property Traders

After a few false starts, and finally realising CGT was a red herring, I still miss calculated the NIC...Grrrr!
Anyhow, Utilities spring to mind.
But aren't Travel, insurance, Utilities, maintenance, ie costs all offsetable against tax?
Isn't there a need for an empty dwelling Ins surcharge? Also offsetable?
All small fry in the grand scheme, but every little helps.... Read More