Simon Gardner

Registered with
Tuesday 14th April 2015

Latest Comments

Total Number of Property118 Comments: 6

Simon Gardner

12:01 PM, 21st July 2015, About 6 years ago

How the budget will affect private landlords - EXAMPLE

Reply to the comment left by "Chris Unwin" at "21/07/2015 - 09:17":


Your example is incorrect as the interest is no longer an allowable expense. Therefore the taxable profit here is £90k and the tax thereon will be reduced by 20% tax relief on the interest.

Simon.... Read More

Simon Gardner

10:28 AM, 11th June 2015, About 7 years ago

Living in a Buy to let property - does CGT apply?

If you mean you have moved out of what was your main home to live in the new property then you need to make an election for capital tax purposes to have this treated as your main residence. You have two years from acquisition to do this.

It is the 'quality' of your residence that would come under scrutiny in the event of an enquiry by HMRC. So you need evidence that there is permanence and continuity in the occupation of the property as your main residence and also what your intentions are in relation to the occupancy.... Read More

Simon Gardner

15:56 PM, 6th May 2015, About 7 years ago

CGT implications - Non UK resident

That's right, it is only the gain accruing after 5th April 2015 that is chargeable to CGT.... Read More

Simon Gardner

14:04 PM, 21st April 2015, About 7 years ago

Simon Gardner

13:13 PM, 21st April 2015, About 7 years ago

Stamp duty on transfers between spouses

If a property is transferred to spouse, or into or out of joint names, and the spouse to whom the property is transferred takes over responsibility for the mortgage, the mortgage debt is treated as consideration for the transfer and is liable to SDLT.

Simon.... Read More