michael Coffey

Registered with Property118.com
Tuesday 30th January 2018


Latest Comments

Total Number of Property118 Comments: 3

michael Coffey

11:49 AM, 28th February 2018, About 4 years ago

When do you pay CGT versus profit from a flip?

Would this include loss carried forward from refurbishment which is being offset against my rental income.... Read More

michael Coffey

11:27 AM, 28th February 2018, About 4 years ago

When do you pay CGT versus profit from a flip?

I offset my works via income tax, from memory my acc advised this as my most viable option.
I intend to offfload one next year so it will be interesting to see if i can use my paper loss via refurbishment on my CGT liability.... Read More

michael Coffey

10:57 AM, 28th February 2018, About 4 years ago

When do you pay CGT versus profit from a flip?

My entire portfolio is based on purchase, refurbishment and let.
I fit basic kitchens and bathrooms, which are still going strong, for me this has been a winning formula, to dismiss this model can be very short sited.... Read More