brian clement

Registered with
Monday 22nd December 2014

Latest Comments

Total Number of Property118 Comments: 50

brian clement

20:44 PM, 28th October 2021, About 7 months ago

CGT reporting extended to 60 days

Took me much more than 60 days. Gifted a property on 22/03/21 that I had owned for 25 years. Lots of paperwork. Sat down when I could and sorted paperwork which was not simple. At the same time I am working full time running my property business. It took me over 3 months. I then tried to pay my capital gain only to find that I first had to submit my annual tax return. That took another 2 months. I then tried to pay my capital gains and annual tax return only to find the procedure had completely changed. I first needed a government gateway account. This was full of stupid questions digital log in codes. I couldnt do it. I contacted an accountant who said I had to do it and he was not allowed to help. Has the world gone mad. I am trying to PAY my tax. After sleepless nights and help from people I finally did it. It was extremely stressful for me. I then had to do a similar login to pay my capital gains. This also gave me sleepless nights. Finally I did it and at this point I could ask an accountant. He sorted what was needed and I finally received a request for payment from hrmc. However when i tried to pay it with my debit card it said 'the user of this card is not registered to the the users address'. So I went to my bank who called up my account and there it was, my account at my address. So I had to get an old debit card and put some money on it and pay it with that one. I had finally done it. Not in 30 days but just over 6 months (which would have been ok under the old system). That was not the end however because I then had to pay the fines for late payment. Is this the new way our government is raising money ?... Read More

brian clement

1:39 AM, 22nd April 2021, About A year ago

What is defined as Capital Expenditure?

I purchased a flat that only had a sink for a kitchen. I installed a budget kitchen. As this must have been an improvement I put receipt in capital gains box. 15 years later I have replaced this kitchen with a nice new kitchen. Is this an income expense or a capital gains expense.... Read More

brian clement

0:42 AM, 14th March 2021, About A year ago

Permitted Occupier - or not?

This happened to me last year. Had good tenant for 10 years. She fell ill and daughter moved in to care for her. 6 months later she died. Daughter remained in flat. I then found that the locks had been changed. She would fone agency promising to move out but did not. After a few months notices were put on her flat door saying she was squatting. After 2 weeks a TORT notice was put on her flat door giving her 14 days to leave and return keys. She foned agency saying she was off to see family lawyer. Soon after that she posted keys through agency door. She left the flat damaged but worse than that a dog had been locked up in flat and there was dog mess in all rooms. My advice to you would be to change the locks and get back into your flat while they are at the funeral. Good luck.... Read More

brian clement

0:40 AM, 31st October 2020, About 2 years ago

brian clement

0:45 AM, 29th October 2020, About 2 years ago

How do I transfer ownership of my rental house into my wife's name?

I am planning to make a Deed of Gift to my son of my non mortgaged BTL property. Whole property consists of ground floor shop and flat and first floor flat. I am expecting to pay CG in normal way with new 30 day rule. Am I correct.... Read More