Neil Patterson

Registered with Property118.com
Monday 7th February 2011

Member of The Landlords Union

Insures properties through a broker recommended by Property118
Yes


Latest Comments

Total Number of Property118 Comments: 3226

Neil Patterson

19:17 PM, 28th November 2020
About 5 days ago

Property Investors Awards - Winners Announcement 2020

Excellent presentation Ranjan and Cyril.
Absolutely top job.... Read More

Neil Patterson

9:18 AM, 27th November 2020
About 7 days ago

Ask three months rolling rent in advance?

Hi Mike,

Please see the government notes above and why this would be a prohibited payment.... Read More

Neil Patterson

15:44 PM, 24th November 2020
About A week ago

Deposit scheme £ mistake?

Yep she is asking for just under 3 times the deposit plus I am assuming the deposit, which is the maximum you can be fined in court.... Read More

Neil Patterson

16:41 PM, 20th November 2020
About 2 weeks ago

The Home Insurer Wins National Award

Very well done and deserved Jason :)... Read More

Neil Patterson

9:50 AM, 20th November 2020
About 2 weeks ago

Transferred residential to our sons?

Dear Pratev,

There would be no SDLT to pay if there was no mortgage transferred as there was no consideration for the gift. That is assuming the property was unencumbered.

Likewise, it would also have needed to have always been the Principal Private Residence of the persons making the gift without there having been any CGT incurred.

On the CGT subject -this is a good article >>
https://www.taxinsider.co.uk/transferring-the-family-home-to-family-members-tax-issues#:~:text=3.-,Capital%20gains%20tax,private%20residence%20is%20being%20gifted.

Mark Smith commented: "I would say the 'will trust' is the best option. The sons will then take at the base cost of the property at that time, and would save CGT on a later sale if they decided to move out, but keep the property for rental etc."... Read More