Mark W

Registered with Property118.com
Saturday 13th January 2018

Trading Status
Joint

Providing essential rental accommodation since
2002

Number of rental properties owned
0 - 5

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 33

Mark W

17:14 PM, 28th July 2020
About 2 weeks ago

Landlords - Don't complain!

Reply to the comment left by Beaver at 28/07/2020 - 15:43If you borrow money to in order to buy shares nobody receives tax relief on the borrowing for your investment choice. When a first time buyer buys buys a flat s/he does not receive tax relief, so why are B2L landlords a special case in your view?
When a B2L landlord buys a property s/he is making an investment decision.
One must choose if they are buying as a company or a private individual. This choice should reflect the tax you pay. Landlords on P118 seem to want tax relief available only to a company but without fulfilling the rules imposed by HMRC on a company.
Private citizens do not gain tax relief on on the cost of making any investment, be this in shares or their home. Why do P118 landlords expect tax relief on their B2L investments outside of a company?? A company is not permitted to claim tax relief on every investment so why do B2L landlords? Private citizens lost tax relief in home mortgages in 1980s. B2L landlords must choose if the wish to be taxed as a private citizen or a company then make investment decisions accordingly. Personally I invest spare earnings in property because I think it is a good long term investment. However, borrowing money to invest in shares appears to me to me to be too risky, even with interest rates so very low. I await a P118 landlord explaining to me why B2L landlords should receive tax reliefs which are not given by HRMC to private citizens.... Read More

Mark W

15:28 PM, 28th July 2020
About 2 weeks ago

Landlords - Don't complain!

Taking the contrarian view:
Capital Gains Tax - Landlords should be treated as every other investor who purchases an asset. If you make a gain on stocks & shares you pay CGT, why not on property except your primary residence???
UK's dire financial situation demands a level playing field. How could rational people accept special pleading for landlords at this crisis time???... Read More

Mark W

12:11 PM, 22nd February 2020
About 6 months ago

Can our father change an Irrevocable Trust?

Hello Tony,
My sympathy on this situation. My advice is to do nothing with regard to legal action. Your father is 88, just spend his final years keeping him as stress free as possible. Your sister is prevented from irritating him, that's a good thing. I hope you and your brother can keep calm and focus on your father's well being.... Read More

Mark W

13:05 PM, 22nd September 2019
About 11 months ago

Trying to find a mechanism for the first two days rent?

Reply to the comment left by Kate Mellor at 20/09/2019 - 09:07
Thank you for this basic info. I imagined that all LLs would know this!... Read More

Mark W

12:53 PM, 22nd September 2019
About 11 months ago

Trying to find a mechanism for the first two days rent?

Reply to the comment left by RONNIE ADERIANWALLA at 21/09/2019 - 12:27
I do not understand your problem, as I collect rent 3 month's in advance so the end period rent has been paid well in advance. Deposit of 5 weeks covers a deep clean. Maybe Oxford has wealthier students than most areas.... Read More