Olls63

Registered with Property118.com
Friday 10th January 2020


Latest Comments

Total Number of Property118 Comments: 14

Olls63

11:51 AM, 19th January 2021
About 5 days ago

Can a new HMO tenant be asked to take Covid test?

Reply to the comment left by Question Everything at 19/01/2021 - 11:03
I too clicked on this link.
Of the 1st 4 people on the about page;
1 has been suspended by the BMA for saying Covid is a hoax
1 has been asked to step down from an EU scientific committee due to saying Vitamin C is all you need
1 has been arrested at Speakers Corner in Hyde Park
Probably best to fact check things!
And as for claiming the World Doctors Alliance is a good source....................I think Property118 members will come to their own conclusion on that!... Read More

Olls63

11:13 AM, 4th January 2021
About 3 weeks ago

Tax rebate for eviction legal fees?

Eviction costs are specifically included as allowable expenses to be set against rental income in HMRC Property Income Manual 2120.... Read More

Olls63

10:24 AM, 31st December 2020
About 3 weeks ago

Investor or Developer - How would HMRC treat me?

You will have no investment in the company as a director unless you are also a shareholder as well. My 1st question would be why do they need you/your money.... Read More

Olls63

20:39 PM, 14th December 2020
About a month ago

30-day CGT rule on property and non-property disposals?

Reply to the comment left by Lomondhomes at 14/12/2020 - 19:32
The online process asks this question:
"Do you want to include any other Capital Gains Tax losses made in tax year 2020 to 2021?"
It doesn't say you can only include one's made prior to the property sale, so I would say yes you can offset losses made within the 30 day period.... Read More

Olls63

20:36 PM, 14th December 2020
About a month ago

30-day CGT rule on property and non-property disposals?

The HMRC press release states that there is no need to report a gain on the sale of a residential property if there is no tax to pay.
However as you have already made a gain on shares, and following the logic of the actual online process (where you can claim losses you have from the current year), when you get to the "how much of the annual exemption do you want to use" section you would have to enter £3,300 (being your balance left after the share gain).
To my mind you would have to report the gain and pay the tax.... Read More