Mark Smith (Barrister-At-Law)

Registered with Property118.com
Wednesday 27th November 2013


Latest Comments

Total Number of Property118 Comments: 221

Mark Smith (Barrister-At-Law)

20:38 PM, 2nd September 2019
About 2 months ago

Labour want to tell you when and how much to sell for

Reply to the comment left by Simon Williams at 02/09/2019 - 12:00
ARTICLE 1
Protection of property
Every natural or legal person is entitled to the peaceful enjoyment
of his possessions. No one shall be deprived of his possessions
except in the public interest and subject to the conditions provided
for by law and by the general principles of international law... Read More

Mark Smith (Barrister-At-Law)

10:44 AM, 2nd September 2019
About 2 months ago

Labour want to tell you when and how much to sell for

Reply to the comment left by Dylan Morris at 02/09/2019 - 09:57
I don't think he is lying about his wish to dismantle liberal capitalism by redistribution of private property without market value compensation.... Read More

Mark Smith (Barrister-At-Law)

12:42 PM, 27th August 2019
About 2 months ago

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

Reply to the comment left by paul thomason at 27/08/2019 - 12:26
Dear Paul,
As the Hon. Legal Counsel of Property118 I will be happy to review the arrangements you have entered into and then complete a follow-up review once the first year's accounts for the LLP have been filed at Companies House. I will then advise accordingly.

As you are a Lifetime Founder Member of the Property118 Landlords Union and the first to raise this matter I will provide this service on a pro-bono basis, i.e. at no cost to you. Please get in touch via the Contact form on my Member Profile page if you would like to take up this offer.

I should add that in the many events I have spoken at I am often asked to comment on other structures that are made available from other providers. I have expressed reservations about some solutions that I am asked about, but we do not engage in gratuitous unfounded criticism. The issue we have with other providers we are asked about is the lack of public transparency in their explanations of what they intend to do. Looking at certain elements from the outside has led to concerns being expressed on behalf of the questioner, but I am always happy to be educated to a clearer conclusion, hence my offer.... Read More

Mark Smith (Barrister-At-Law)

15:24 PM, 5th August 2019
About 3 months ago

Can Lifetime BTL Mortgages be used to accelerate our plans?

Reply to the comment left by Mark Alexander at 05/08/2019 - 13:53
It is the interest on the new loan that is the deductible expense. The new loan replaces the cash removed from the business by the taxpayer and the cost of the new loan is therefore in principle allowable.... Read More

Mark Smith (Barrister-At-Law)

21:28 PM, 3rd August 2019
About 3 months ago

Can Lifetime BTL Mortgages be used to accelerate our plans?

Note to all our readers- Mark A and I normally have these exchanges offline until one of us convinces the other. We can then have a united front on the matter in hand, which we always arrive at in the end.

We are now agreed on the issue raised by the question on the tax credit. Mortgage arrears I would say are in the same category and should be accounted for in the same way.... Read More