patrick maher

Registered with Property118.com
Tuesday 1st October 2013


Latest Comments

Total Number of Property118 Comments: 17

patrick maher

10:22 AM, 22nd December 2016
About 2 years ago

Ex-Tory Mayor's property company prosecuted for unlicensed HMO

Reply to the comment left by "Larry Sweeney" at "21/12/2016 - 12:22":

"the tenants had not been paying rent themselves". Isn't the clue in the word themselves?... Read More

patrick maher

12:56 PM, 10th April 2016
About 3 years ago

New SDLT Rules when partner does not own a property?

Hi,
I don't think Sunny K is correct. As a basic rule, I think anyone buying a property which results in their having a second property is caught. However I think there may be an exemption where your interest in the other properties is worth less than £40,000.
Luther you say you don't get any income from the other properties. This might mean that your interest in each of them is worth less £40,000. However this could also point to another possible problem which is that if your parents are reserving a benefit from the properties (by keeping too much of the income from them) they may not succeed in avoiding Inheritance Tax on them.... Read More

patrick maher

11:58 AM, 19th July 2015
About 4 years ago

Is this a legit way to minimise tax?

Reply to the comment left by "Mark Alexander" at "17/07/2015 - 12:00":

How is a deed of trust different to a declaration of trust? (apart from maybe a declaration not necessarily being a deed)... Read More

patrick maher

16:13 PM, 13th July 2015
About 4 years ago

Solicitors Tricks To Increase Fees and Income

Reply to the comment left by "Bob Sherwood" at "13/07/2015 - 15:19":

Is your current solicitor saying that he cannot give you a fixed quote and that the amount of his fee will be on a time basis i.e. the longer the contract and the enquiries raised the bigger his fee will be? If it will not affect his fee I do not see what the problem is but if it will affect his fee why not get another solicitor who will charge a fixed amount? In any event it sounds like these documents may be standard commercial property documents and should not need much if any additional time spent on top of what should have been originally envisaged.
The buyers solicitor will justify them as being necessary to give his client a proper service and I expect the only way he will drop them is for the buyer to sign a disclaimer.... Read More

patrick maher

12:07 PM, 13th July 2015
About 4 years ago

Solicitors Tricks To Increase Fees and Income

The answer is to ask for a fixed fee estimate and establish exactly what is included in the estimate i.e. answering ALL enquiries etc etc. It is easy to do this in residential conveyancing and to a large extent in commercial.... Read More