user_3244

Registered with Property118.com
Saturday 24th May 2014


Latest Comments

Total Number of Property118 Comments: 28

Dee Mc

15:18 PM, 10th October 2018
About A year ago

Potential Budget CGT relief and profit split for selling to long term tenants?

Reply to the comment left by Mark Alexander at 10/10/2018 - 15:07
I'm seriously giving it consideration. Was in Malta last year but only for a week. Would definitely agree you are at the nice end of the Island.

I had no desire to leave the UK but sadly it seems the Government are leaving good landlords little or no choice.... Read More

Dee Mc

14:49 PM, 10th October 2018
About A year ago

Potential Budget CGT relief and profit split for selling to long term tenants?

What about someone who owned their property for say 25/30 years but say let it out for 3 or 4 years during this time? Currently, it would be highly unlikely they would have to pay any CGT even if they had a substantial profit. Now if the relief is reduced even further to 6 months and letting relief is removed they could now be facing a CGT bill when selling their home.

TBH I don't know why the government doesn't just go straight for the throat. Remove all relief and tax the PRS at 100%! Mark where in Malta did you say was nice?... Read More

Dee Mc

10:01 AM, 2nd March 2017
About 3 years ago

Subletting to spouse for tax purposes?

Hi Mark

So basically are you saying we can restructure our property business without any changes to the title deeds at HM LAND registry so therefore no need to inform our mortgage provider?

Also a private consultation can advise us how to structure our business in a way to fully utilities our tax allowances, not change the title deeds at HM LAND registry, not have to advise our mortgage provider and be designed in such away that it can be varied at anytime with little or no fuss to suit our needs or change in circumstances? If so, this sounds like what we need. Also, will the consultation be able to advise on the effects should there be a divorce.... Read More

Dee Mc

8:44 AM, 2nd March 2017
About 3 years ago

Subletting to spouse for tax purposes?

Hi Mark,

Thanks for your response.

My local university have head leases whereby you let your property to them annually and they sublet to students. Similarly so does the council. That's why I thought I could apply the same structure with my husband.

The properties are mortgaged. I was therefore looking for a way to split the profits between my husband and myself without having to add his name to the title at HM land registry or the mortgage. The mortgages are on fixed terms so I don't want to trigger early redemption fees. Also, I'm not sure whether our mortgage provider would allow 3 people on the mortgage and even if they would, whether my husband would fulfil their criteria. Would either a declaration of trust or partnership agreement be possible without changing the title deeds at HM LAND REGISTRY or the mortgage? I don't mind adding his name to the title deeds if necessary so long as it doesn't mess up the mortgage.... Read More

Dee Mc

14:32 PM, 27th July 2015
About 5 years ago

Tenant changing locks

Hi Christine

I assume the tenants were given notice that your husband was intending to visit the property to carry out works and what time he would be coming. If so, and he had their permission to let himself in, why did they not advise you that the locks have been changed? If however, they were unaware and you husband did not have their permission to let himself in, this could be why they changed the locks.... Read More