Paul Machin

Registered with
Tuesday 18th March 2014

Latest Comments

Total Number of Property118 Comments: 14

Paul Machin

11:35 AM, 2nd February 2019, About 3 years ago

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

I am now starting to look at this Mark as our historical losses will be used up in 2020.
I did read somewhere couple of years ago, and I think it was on the 118 site, that Capital Homes Loans have a term in their mortgage conditions that refuse incorporation with the tax restructuring that you have been so successful with.
Is that the case as we have 4no. Capital Home Loan Mortgages within our portfolio ?
Paul... Read More

Paul Machin

8:54 AM, 17th June 2018, About 3 years ago

Are REIT's A Viable Exit Strategy For UK Landlords?

Do you have any long term plans to float the REIT on the stock market to raise cash to facilitate growth? and if not, is it within your control to sell your REIT to a large bank or similar institution?
I ask because as shareholders the value of the shares upon flotation could carry a premium possibly?... Read More

Paul Machin

10:32 AM, 14th November 2015, About 6 years ago

Conservative peer speaks out against Tory tax grab

The government really do not see the ramifications of this immoral tax.

I have already started giving notice to some of my tenants as I will go bankrupt if I do not reduce the size of my portfolio by 2020.

It is breaking my heart that I am giving notice to single mums and small families that have made my small houses and flats their home for many years purely because of a nonsensical tax. They are devastated, upset and worried.They don't understand why I am selling their home if I don't want to. What do you say to them?

To make matters worse there are not replacement properties for them to rent on the market. Why because over the years countless governments have let the nation down by not ensuring more properties are built as we welcome inhabitants from overseas and our population grows.

Should any properties become available in my areas for rental they are available at £75-£100 per month more than I rent out my properties and they are snapped up.

Housing benefit will not cover the higher rental rates, which means my small families cannot take on these rarely available properties and no one knows where these families will be going when they have to leave.
I guess the local council will be picking up the tab somehow.

If other landlords are doing the same and I know those who are, this government is starting to build up a social catastrophe.

When will someone in the treasury see sense on this. It is going to cost our country a lot more by 2020 when all Landlords become aware of their tax position and rapidly leave the business and yes Mr Osborne it is a business.

I have voted conservative all my life. I trusted them to be business savvy. What a fool I have been.... Read More

Paul Machin

21:34 PM, 8th July 2015, About 6 years ago

Summer Budget 2015 - Landlords Reactions

Reply to the comment left by "Mark Alexander" at "08/07/2015 - 21:10":

As I see it Mark, The "Buy to Let" Business model is finished with this ridiculous badly worked out tax on our Mortgages.

The chancellor seems to have forgotten the treasury gets tax by way of Capital gains tax when we sell our properties, home owners do not pay tax on their personal residence when they sell.

If the world wide economy crashes and interest rates soars, this tax will wipe Buy to Let investors out.

We are both old enough to remember interest rates at around 13%. I dare not work out what the tax implications on my 30 + Buy to Let loans will be should we have a return to interest rates like that again.

Many take the view that this could not happen again and interest rates will remain low forever. Think again the world is in a very unique and potentially unstable financial position.

What am I going to do? I am looking at the loans that have the highest loan interest payable and will make a judgement in the coming months.

At the moment I am in shock like most of us and cannot believe how badly thought out this is.... Read More

Paul Machin

15:29 PM, 17th November 2014, About 7 years ago