AA

Registered with Property118.com
Monday 26th May 2014

Trading Status
Sole Owner

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 346

AA

16:18 PM, 22nd December 2019
About 4 weeks ago

Third of landlords looking to shrink portfolios

The sell off is because the perceived abstract effect of s24 is no longer abstract, it is now real. We knew it was coming but as tax demands got bigger and more difficult to plug, holding out was just a matter of time ...before you couldn't any longer.
Thank your lucky stars you don't live in Scotland. We have the perfect storm. S24, 4% stamp duty additional property charge, 5 tax bands below the 40% tax band which kicks in at £43k (not £50k). And the Scottish PRT. Tenants can use your property as subsidised hotels. Exactly what are you guys complaining about ?... Read More

AA

11:37 AM, 1st December 2019
About 2 months ago

AA

12:07 PM, 9th November 2019
About 2 months ago

No change to Brexit - No change to Bank Base Rate

Initial assertion is incorrect - that a rise in interest rate if labour get in. The only reason why there is inward foreign cash flow is the UK has a mature regulatory and legislative framework.
The economy and more importantly average households could not burden an interest rate hike.
Not that I am a fan of labour. Hypocrite's. Ex public school power hungry wannabe's professing to espouse to represent the " working class" .... Read More

AA

9:10 AM, 29th March 2019
About 10 months ago

Abject Failure of the ICO is beyond belief

I think the word you are looking for to describe the ICO is "Quango".
On the application form where it asks "Do you have properties elsewhere" your response should be " Refer to land registry"
"Are they licensed" your response "Please contact relevent LA"
Dont do the work for them.
In life when someone you meet is bigger than you, you don't meet them head on, you side step and, stick your foot out, a little push, and let them fall from their inertia.... Read More

AA

11:53 AM, 24th March 2019
About 10 months ago

Dividends And Other Tax Perks For Landlords Who Incorporate

I am great admirer of Mark in terms of the work he has done for the benefit of landlord ( you can sense a BUT coming ) ......BUT or HOWEVER ....I think you are wrong on this Mark. A rental operation is NOT a" business" for tax purposes whether your set up as a single owner or joint owner unless you carry out demonstrable work above and beyond the rourine tasks of letting - like laundry, cleaning , maintenance etc. ( Like a hotel) .Mark has often mentioned the 25 hours benchmark. That is only 1 hurdle you have to clear. Look up Ramsay v HMRC. Portfolio of 10 flats, incorporated, HMRC challenged, defendants won, but observe the details of the win.
On the matter of shifting of the plates, when I was a kid , I was taught tax avoidance is legal, tax evasion is illegal. Now tax avoidance is illegal. I never hear the term tax evasion anymore.
HMRC mantra is simply, if its too good to be true, it is.... Read More