Martin McDonagh

Registered with
Saturday 3rd May 2014

Latest Comments

Total Number of Property118 Comments: 7

Martin McDonagh

17:18 PM, 12th June 2020, About A year ago

CGT - I "want" to pay, but how?

I had a similar issue, but fortunately got through to a very help guy at HMRC. He told me to enter my best guess for income for the year, and any adjustments would be made when I submit my 2020-2021 tax return in Jan 2022.
If you expect to pay income tax at 40%, I think the estimate does not need to be that accurate - you will pay CGT all at 28%.
If you expect to pay income tax at both 20% and 40%, I'll leave you to work out whether to estimate higher or lower.
Following the question on "estimated income", is a question asking if any of the figures are estimates ! Clearly they will be. The HMRC guy I spoke to said this really meant "were any of the Capital Gains figures estimates".
I did find the extension because of Covid - there is an extra month.
All the above is my personal view as a fellow unqualified landlord.... Read More

Martin McDonagh

12:58 PM, 23rd December 2016, About 5 years ago

Online Estate Agents seem too good to be true?

OpenRent also provide a good service at a lower rate, I am only associated with them as a satisfied customer.... Read More

Martin McDonagh

12:21 PM, 24th July 2015, About 6 years ago

Martin McDonagh

10:30 AM, 17th January 2012, About 10 years ago

My review of a free landlords ebook

A solid book covering the basics and a bit more.

I tried to think of what was missing, and all I came up with was
1.  In section 10, add "install a carbon monoxide alarm" in addition to the smoke alarms, and
2. in section 24, to extend the last sentence to be "Always ask for a guarantor for any tenants who are on Local Housing Allowance (LHA), or where the annual income is less than two and a half times the annual rent"... Read More

Martin McDonagh

19:40 PM, 26th October 2011, About 10 years ago

The HMO Debate – an admission of defeat.

thanks for putting your time & effort into this - much appreciated.


Martin... Read More