Arwel Davies

Registered with
Friday 10th July 2015

Latest Comments

Total Number of Property118 Comments: 4

Arwel Davies

7:40 AM, 25th April 2017, About 5 years ago

General Election 8th June - Who on earth do landlords vote for?

Reply to the comment left by "Mark Alexander" at "18/04/2017 - 16:01":

I know the opinion polls have been wrong in the past - but a Labour landslide ?

Even if the pollsters are wrong by a greater margin than ever - we're still only talking the size of the conservative majority.

Either way the choice before us is unedifying !... Read More

Arwel Davies

15:25 PM, 13th July 2016, About 5 years ago

Evicting a tenant before the initial 6 month tenancy has ended?

Presumable you have been in contact with the phone/broadband company to tell them they've been a victim of fraud, and with your bank to say the direct debit was not authorised ?... Read More

Arwel Davies

11:19 AM, 17th July 2015, About 6 years ago

Bank of Ireland Deal

I can confirm it's very straight forward. One call to their call centre and a follow up which took just over 5 mins !

it's all on their web-site but needs a bit of digging... Read More

Arwel Davies

8:10 AM, 10th July 2015, About 6 years ago

Summer Budget 2015 - Landlords Reactions

This change is scary - I've been trying to work out how this works and have now found the link to the HMRC on this site. So if I'm right this is the impact.

Using simple number to aid illustration. Assume a 40% taxpayer with £10k rental and say £10k of all costs, £7k of which are finance (not just interest note!). At present you make no profit and pay no tax - simple.

Forgetting the tapering for now as we are all looking long term - when done and dusted the new regime will work like this.

£10k rental income, £3k costs - you will now NOT be allowed to take finance costs as a deduction - so your "profit" is £7k.

HMRC will allow tax relief at 20% against the interest. So as a basic rate tax payer you have nothing to pay. As 40% tax payer you pay 20% on the profit - £1.4k

So that how it works - you pay tax even though in reality (well today's reality) you have in fact not made a profit.... Read More