David Hope

Registered with Property118.com
Wednesday 19th September 2018


Latest Comments

Total Number of Property118 Comments: 16

David Hope

17:26 PM, 29th October 2020
About 7 months ago

Floating Charge on LTD company mortgage

Hope someone can help - Are lenders happy to lend to a Ltd Company if there is a floating charge in place, any names of companies that are happy to lend on that basis would be useful :-)... Read More

David Hope

19:58 PM, 9th April 2019
About 2 years ago

Tax Consultation Testimonials

Talking to Mark and the team we (The Hope Family) made the 'informed' decision to incorporate our property partnership. We found the process that Mark Alexander and Mark Smith put in place to be both professional and understandable, with a further thanks to the ever dependable Yvonne. Whenever we had a question the advice they gave was clear and handled in a very timely manner and they made a complex problem simple and easy to understand and follow.
Truly - a big thank you for all your help, support and advice... Read More

David Hope

12:36 PM, 13th February 2019
About 2 years ago

What Does "Washing Out CGT On Incorporation" Actually Mean?

Post BICT Incorporation, since the value of the shares is the value of the Capital Gain, if I sold these shares to my son, after say 1 week - does the CGT "embedded" in the shares have to be paid to HMRC or since the shares have not really appreciated in value in a week, there is no CGT to pay ?

Further since this is the sale of unquoted shares by a basic rate tax payer - the CGT rate used would be 10% and if sold by a higher rate tax payer the CGT rate would be 20% - is that correct ?... Read More

David Hope

17:54 PM, 19th December 2018
About 2 years ago

David Hope

17:18 PM, 19th December 2018
About 2 years ago

What Does "Washing Out CGT On Incorporation" Actually Mean?

Hi Mark - on completion of the BICT process, I understand legal ownership remains the same and the Beneficial Interest Owner is the company. Pre BICT, if the only properties the investor had were BTL properties, does that mean, post BICT that the property they purchase as a residential (home) is regarded as their principal private residence and not regarded as a second property and therefore not liable for the higher second property SDLT rates ?... Read More