Craig Rennolds

Registered with Property118.com
Tuesday 18th August 2015


Latest Comments

Total Number of Property118 Comments: 8

Craig Rennolds

16:08 PM, 1st June 2018
About 2 years ago

SDLT Treatment For Property Partnerships At Incorporation

Hi Mark,
I have asked my accountant to form a partnership although my wife and I operate as a partnership anyway and return self assessment forms each year. I have read some information posted by yourself suggesting these may not be a good route to take prior to incorporation? Should I tell her to hold off until we try to incoporate?

Regards,
Craig Rennolds... Read More

Craig Rennolds

15:46 PM, 1st June 2018
About 2 years ago

Our properties are managed, does this mean we cannot claim incorporation relief?

Hi Mark,

I intend to incorporate through your self and Mark Smith but I do have a few questions:-
1) If on incorporation I was to include my daughter as a director and subsequently she wanted to buy a property in her own name, does this mean I would have to lend her the money and we would have to pay tax as say a dividend and salary ? Or as I think is a better solution, she buys through the limited company and there is little or no tax as the company is simply increasing its portfolio?
2) I have spoken to a few brokers who apart from wanting to completely re-mortgage my whole portfolio and the fat fees this would attract, have said the complete portfolio would need to be stress tested. My understanding is that stress testing the portfolio is for property owned in my own name.
I have other questions but I will discuss these privately.
Craig Rennolds... Read More

Craig Rennolds

17:40 PM, 20th August 2016
About 4 years ago

Buy To Let Mortgage and Renting to a Ltd Company

Hi Lancelot

In a recent thread concerning "home ownership is completely overrated" you kindly provided a link to the revenue website concerning non Dom status and and CGT. Would you be able to send the link to me again? As I do not seem to be able to find it!

Regards
Craig... Read More

Craig Rennolds

15:45 PM, 20th August 2016
About 4 years ago

Home Ownership Is Completely Overrated

Hi Mark,

Thanks very much for the advice, I will speak to Pacific Group and get more insight into these issues. I know Pacific accountants were your accountants, and they seem to be pretty good.

Enjoy Malta -I'm sure you will!

Kind regards,
Craig... Read More

Craig Rennolds

14:43 PM, 20th August 2016
About 4 years ago

Home Ownership Is Completely Overrated

Hi Mark,

Just one quick question-if I was to incorporate abroad,say Malta or Cyprus, would I be able to escape CG tax and take a dividend through the company at 5%,depending on the tax regime in the selected country? Any idea on incorporation costs?

Craig... Read More