Abel Stronge

Registered with Property118.com
Tuesday 2nd June 2015

Insures properties through a broker recommended by Property118
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Latest Comments

Total Number of Property118 Comments: 2

Abel Stronge

13:50 PM, 6th April 2016
About 4 years ago

FAQ's - Beneficial Interest Company Trusts

I am actively considering the BICT option for my properties, all of which I own and manage directly (no partnership situation). As far as I can see it would work really well for me except for one thing which keeps bothering me. It is this: I would have to pay SDLT (as no partnership situation). Having paid a significant amount of SDLT is there anything to stop the Chancellor 'chasing his quarry' into the corporate structure? . As I see it the chancellor is determined to harvest taxes from landlords. Is it likely, unlikely, unthinkable, impossible.. that he then frames legislation to say 'NO mortgage interest relief on property income regardless of whether the income accrues to an individual or a corporate entity? Would I not then be in the same situation as before ? Am I missing something?... Read More

Abel Stronge

9:20 AM, 20th October 2011
About 8 years ago

Licence First - Don’t Shoot the Messenger #6

I am also confused about the HMO definition. I was under the impression that you had to have 5 or more separate tenant AND (not 'or') 3 or more floors. Thus a house with six tenants (bedsits) on 2 floors is not licensable neither is a house with 4 separate tenants (bedsits) on 3 floors licensable. But if you have 5 bedsits on 3 floors then you have to have a license.

Can you clarify?

A... Read More