Colin Dartnell

Registered with
Wednesday 21st May 2014

Latest Comments

Total Number of Property118 Comments: 222

Colin Dartnell

14:42 PM, 26th July 2021, About 3 months ago

Tenant, Neighbour, Agents and the fence?

Firstly, is the fence definitely our responsibility?
If it is and the neighbour won't contribute to the cost then I don't see how they can dictate which way round the fence panels go.
Last thought, is there anything in the deeds that say what type or height of fence there should be? If not put up the ugliest one you can find, and if they want a tall fence suggest they pay towards it.

Best check the fence is going where the old one was, or they will play hell that you have stolen their garden.... Read More

Colin Dartnell

9:04 AM, 23rd April 2021, About 6 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 6 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 10 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 11 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