gary dave

Registered with Property118.com
Wednesday 8th July 2015


Latest Comments

Total Number of Property118 Comments: 13

gary dave

23:23 PM, 9th February 2017
About 3 years ago

Summer Budget 2015 - Landlords Reactions

Reply to the comment left by "Appalled Landlord" at "09/02/2017 - 22:31":

Thanks Appalled Landlord!

I had not realised that there was a loss of personal allowance over 100k and was just looking at the standard bandings! Totally clear now, thanks!... Read More

gary dave

18:55 PM, 9th February 2017
About 3 years ago

Summer Budget 2015 - Landlords Reactions

I am no doubt being a total moron but having headed over to the S24 tax calculator on property118 when I play with the calculator I am confused by the following:

Rental Income: 10,000
Earnings: 100,000
Mortgage Interest: 0
Profit before tax: 10,000
Taxable Profit: 10,000
Tax Chargeable: 6,000
Net Profit: 4,000

The calculator is showing tax chargeable as 6k and net profit 4k which represents 60% tax rate.....should it not be the other way around?... Read More

gary dave

10:06 AM, 25th November 2016
About 3 years ago

BTL Early Repayment Charge Allowable Expense?

Reply to the comment left by "Neil Patterson" at "25/11/2016 - 10:03":

Thanks for the reply Neil, very much appreciated!... Read More

gary dave

17:10 PM, 23rd November 2016
About 3 years ago

Letting Agents will no longer be able to charge fees to tenants

Reply to the comment left by "Luke P" at "23/11/2016 - 17:02":

That's correct Luke, free market dynamics as I understand them certainly don't seem to operate in the city I currently live in which is in the north of England. There are hundreds of letting agents all charging 60% and non of them will negotiate on price! Explain that one?? How is it even possible?? Its a lot more members than OPEC to co-ordinate!... Read More

gary dave

16:59 PM, 23rd November 2016
About 3 years ago

Letting Agents will no longer be able to charge fees to tenants

Reply to the comment left by "Mark Alexander" at "23/11/2016 - 16:52":

Mark,

I am a landlord and have never used an agent that has charged one of my tenants a fee, my tenants only have to pay deposit and rent.

Due to the nature of my work I generally change countries / cities every 6 months so despite being a landlord I am myself also a tenant. I will personally being paying an £800 fee to rent a property that I am about to move into. As outrageous as that sounds a 50% fee of one months rent seems to be the norm in the city I am currently in!... Read More