James Mann

Registered with Property118.com
Wednesday 2nd May 2018

Location
East Sussex

Trading Status
Partnership

Number of rental properties owned
11 – 20

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 32

James Mann

10:07 AM, 27th August 2019
About 3 weeks ago

Tax Planning Bodge Jobs - Limited Liability Partnerships "LLP's"

Dear Mark,

I am no expert and rely on qualified and award winning accountants to keep on the correct side of the law.
I can however confirm that all beneficial interest of our properties is with the LLP. Currently no beneficial interest lies with the corporate members of the LLP and no allocation of profit goes to the corporate members.
I hope that this clarifies
James... Read More

James Mann

9:10 AM, 27th August 2019
About 3 weeks ago

Tax Planning Bodge Jobs - Limited Liability Partnerships "LLP's"

Dear Mark,
I think that it is worthwhile pointing out the correct and legal basis that mixed partnerships can be used for the benefit of your readers.
My concern is not the rules however, these are fully understood and complied with by the award winning accountancy company who employ 70 staff in 7 offices throughout the UK, who prepare all of the accounts for the clients of the said company. My concern is that you are using your platform over a long period to unjustifiably attack another business who happens to be providing a similar service to yours.
Your language is highly critical of the sort which I would regard as an uninformed attempt to undermine their commercial position to the benefit of your own. Is it normal to used words like charlatans and bodgers to describe other people in your area of business?
If you have evidence of poor practice, I would be the first to want to see that, and I suggest that you take it up with the relevant bodies rather than embarking on a long and sustained attack of online bullying ( which is what this looks like to me). This would not be the case if you did not run the platform.
From my point of view it demonstrates a complete lack of professionalism, expertise and potentially a lack of knowledge.
I do not think that it is necessary to behave like this if you simply wish to point out regulations that it is easy to fall foul of for your readers.
I read your landlord news everyday, and generally find it very helpful and interesting, but articles in this area of Tax planning appear uninformed with regard to the company we are talking about and a direct attack designed to undermine their business. I do not like it!!
James Mann... Read More

James Mann

10:19 AM, 24th August 2019
About 4 weeks ago

Tax Planning Bodge Jobs - Limited Liability Partnerships "LLP's"

Hello Mark,
I have been reading these reports from you for several years now and as a customer of the company that I am sure you refer to, I feel that your advice is mistaken. As you clearly have not been through the process with them, you will not understand that the potential customers are checked out very carefully to see that their businesses are suitable for this type of structure. I have been a landlord for 35 years now and it is my full time occupation, I run all the maintenance through one of my companies (now under the umbrella of the LLP) and all the contracting and tenant work through another income flow.
HMRC are very happy with my accounts and structure. I am saving very considerable tax and feel confident that on the death of my elderly parents who are business partners that I am prepared as well as possible for minimal tax.
I have also recommended other landlords to the said company who are not so hands on as I am and the company has given them free upfront meetings and decided that they cannot take them on as clients due to their investor type status.
This company may appear expensive but I would like to say that the services provided provide far more than setting up and LLP and Limited company. All accounting of Ltd companies, LLP and personal returns for all members of the partnership, Family tax planning, business statregic planning and personal mortgage broker are all included and co ordinated in this professional service. The accountants are well known and won the north of England best accountants award last year. They say that they have never had a HMRC tax return returned with the structure that is used and I have no reason to disbelieve them. I have my ear to the ground on all landlord matters.
I get the feeling that you constantly call them charlatans and rip off merchants so that you can make your similar, but not so complete service look like good value and trustworthy at the expense of another business.
You clearly do not operate your business on a day to day basis as working landlords do such as myself and so would not be acceptable to the said company as a client. They would likely not accept you, but certainly be sure that they would not be in breach of the HMRC regulations before they considered it.
I am not impressed with your articles regarding this and having been to check out Mark Smith at one of his lectures I cannot see that he offers anything like the same business service.
I hope that you will refrain from putting down other businesses who you believe provide a similar service to you and Mark Smith in the future.
James Mann... Read More

James Mann

8:14 AM, 18th July 2019
About 2 months ago

Get into the real world

Well said Fergus.... Read More

James Mann

8:38 AM, 30th May 2019
About 4 months ago

Why is the UK Government conscripting landlords as immigration officers?

Great article. This is the quality of this government’s policies in many areas.... Read More