alocjtoi

Registered with Property118.com
Friday 8th March 2019

Trading Status
Company

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 6

alocjtoi

1:45 AM, 1st November 2020
About 3 months ago

Sell my Main Residence to my Property Ltd Co and lease it back to myself?

I'm trying something similar transferring a part of my garden with a garage to my limited company. Maximizing the value to reduce possible capital gains while keeping it all under SDLT threshold. Whole idea is trying to rebuild the garage into a bigger workshop at the expense of the company, but I'm not entirely sure I will be better off in the end.... Read More

alocjtoi

1:11 AM, 1st November 2020
About 3 months ago

Rent Guarantee Insurance - is it worth it?

I've had an RGI bought through OpenRent for something like £87 per year and it was absolutely worth it when needed. It was a bit slow to kick in (perfectly within the terms) and I had to deal with some extra paperwork, but I got all the rent due and the tenants out of the property in 9 months (all legal matters taken care of by the insurance). Obviously this was pre-covid and this kind of insurance is no longer available on OpenRent, but if something similar can still be arranged it's a no-brainer.... Read More

alocjtoi

0:37 AM, 1st November 2020
About 3 months ago

You take the risk and I will take the tenant!

Reply to the comment left by Chris @ Possession Friend at 31/10/2020 - 17:02
"I can see more Councils having to come Cap in hand to offer financial incentives to the private rented sector to try to house their miscreants."

All I can see is my council tax bill shooting through the roof with empty properties being charged twice or triple normal amount to discourage vacancies. It's very easy to tax someone with possessions and I fear post-covid recovery will start with US-style real estate tax.

Switching my real estate portfolio to crypto and once I'm done let the socialism prevail!... Read More

alocjtoi

14:10 PM, 8th March 2020
About 11 months ago

Limited Company filing nightmare?

I use the HMRC online filing regardless (answering "no" to the property income question) as come audit, the penalty is dependent on the tax underpaid, not the software used, and the tax amount is just the same, so no penalty expected.... Read More

alocjtoi

12:41 PM, 25th June 2019
About 2 years ago

It's a numbers game

> The only answer, only answer, only answer is to build more houses.

Much cheaper solution would be to wear more condoms until one can afford a place to raise a child.... Read More