Paul Harsley

Registered with Property118.com
Saturday 14th March 2015


Latest Comments

Total Number of Property118 Comments: 11

Paul Harsley

20:31 PM, 31st December 2018
About 10 months ago

Rent to rent on BTL mortgaged property

Reply to the comment left by Neil Patterson at 11/05/2017 - 15:27
Hi Mark, does this include properties with a mortgage and standard BTL landlord insurance in place? I.E is this more of a management contract with guaranteed rent rather then a lease?... Read More

Paul Harsley

8:03 AM, 30th December 2018
About 10 months ago

Help with passing property rental to my wife for tax purposes

Reply to the comment left by Paul Harsley at 30/12/2018 - 08:00
It's also worth noting as discussed in this and other threads, you cannot simply transfer the income. You must transfer either the legal title or the beneficial ownership into the same unequal split between you.... Read More

Paul Harsley

8:00 AM, 30th December 2018
About 10 months ago

Help with passing property rental to my wife for tax purposes

Your on the right track but it's not just the form 17. You need to ensure you are tenants in common (at the unequal split( not joint tenants. If you're not you can do this easily yourself.

https://www.gov.uk/joint-property-ownership/change-from-joint-tenants-to-tenants-in-common

Then form 17, but you need to consider a Declaration of Trust and SDLT based on the amount of consideration.

https://www.gov.uk/stamp-duty-land-tax/land-and-property-transfers... Read More

Paul Harsley

13:23 PM, 10th December 2018
About 10 months ago

Help with passing property rental to my wife for tax purposes

When they come go remortgage couldn't they simply go into joint names removing these problems?... Read More

Paul Harsley

9:22 AM, 3rd December 2018
About 11 months ago

Help with passing property rental to my wife for tax purposes

Reply to the comment left by Paul Harsley at 27/11/2018 - 06:30
As an update to this, again thank you for your responses and clarification on the points raised. The consultation was a complete disaster and ultimately the accountant one As incorrect on some basic legislation and I lost confidence in the advice. I have since had a refund after they confirmed they were wrong (SDLT higher rate between spouses Not applying FI). I have learnt a lot and value everything here on property118 and the willingness of Mark and Mark above to engage and respond, thanks again!... Read More