Colin Dartnell

Registered with Property118.com
Wednesday 21st May 2014


Latest Comments

Total Number of Property118 Comments: 221

Colin Dartnell

9:04 AM, 23rd April 2021, About 2 months ago

What is defined as Capital Expenditure?

Reply to the comment left by brian clement at 22/04/2021 - 01:39
It depends if it is like for like or an upgraded kitchen. Like for like is a repair, upgraded is a capital expense.

Anything I can put through as a repair is of benefit as I am on higher rate of tax and would rather get relief at 45% now than a capital relief at 28% in the future.... Read More

Colin Dartnell

20:42 PM, 20th April 2021, About 2 months ago

What is defined as Capital Expenditure?

What will you gain by doing any capital works? It won't alter the amount of CGT you pay on the increase in value the property has already made. If you now spend £10k on works and sell your property the same price you will save £2800 in tax but will have lost £7200 on the works. If you sell it for £10k more you will only be exempt on the £10k you spent, and will still pay the same amount of CGT as if you hadn't touched it. If you sell it for £20k more then you will be exempt on the £10k you spend, but will now have £2800 CGT to pay on the extra increase in value, but this will give you profit.

I believe CGT goes against your earning for the year as well, so if you are not already it may put you into a higher tax bracket as well.
If this doesn't make sense please ask Mark if I am correct or not, he will be able to put us right :)... Read More

Colin Dartnell

10:16 AM, 23rd December 2020, About 6 months ago

Is Buy To Let Worth The Effort In 2021?

Are you able to add a transcript of the video, for us that don't want to watch a video. No offense but to be honest if I have to watch a video to hear someone's opinion I don't bother. I would much rather absorb the written word.... Read More

Colin Dartnell

13:03 PM, 30th November 2020, About 7 months ago

New HMO licence - Can Islington demand these conditions?

Why do you not want to give your tenants the safety of a fire alarm system. For once a council is doing it's job properly. Not only could it save their lives if there was a fire, but it could also save your property. Bad news for good landlords that you even ask the question.... Read More

Colin Dartnell

13:26 PM, 17th May 2020, About A year ago

BM Mortgages "Action Required" letter on interest-only mortgages?

They are just covering themselves. I have had the same from lenders and tell them I will remortgage or use investments to pay down the loan when the time comes. I don't actually find the questions intrusive anyway, after all you may owe them a lot of money and they want to know it's secure.... Read More