Grumpy Doug

Registered with Property118.com
Tuesday 5th January 2016

Trading Status
Joint

Number of rental properties owned
6 - 10

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 83

Grumpy Doug

17:46 PM, 23rd January 2020
About 4 weeks ago

Do I pay CGT if I sell to a friend at minimum value

Reply to the comment left by at 20/01/2020 - 17:24
Hi SS - just spotted your other post that refers to falling foul of gifts with reservation - good point and I will discuss with my lawyer. I'm sure though that I have seen reference to retaining the income via a DoT ...... I'm sure wiser heads will set me straight on this one... Read More

Grumpy Doug

17:12 PM, 23rd January 2020
About 4 weeks ago

Do I pay CGT if I sell to a friend at minimum value

Hi Silversurfer - I'm very glad that I came across this thread. I was playing with some ideas just a few weeks ago and looking at the IHT / CGT considerations of transferring our properties to our two sons over a period of time, and my thoughts closely matched your strategy. My wife and I are in our mid-late 50's so time (hopefully!) is on our side. I've calculated that we need about 15 years to mitigate the above to acceptable levels. I recognise that I will need my lawyer to draw up the necessary documents, but I wondered whether you were retaining the benefit (income) from the properties until such time as you don't need it? The provisional research that I have done suggests we could use a Declaration of Trust to cover this.... Read More

Grumpy Doug

16:03 PM, 24th December 2018
About A year ago

Homes (Fitness for Human Habitation) Bill receives Royal Assent

Reply to the comment left by Luke P at 24/12/2018 - 12:52Make your own passive vents (4 inch pipe, a bit of rockwool in the middle and vent covers each end - less than a fiver from Toolstation) and get busy with a drill and 4" corer. 2 in each room, about picture rail height should do the trick. I have student houses - they're incapable of opening windows or curtains! The vents help massively. Also consider installing a PIV on the top landing in older houses... Read More

Grumpy Doug

17:11 PM, 16th December 2018
About A year ago

Scottish LBTT Additional Dwelling Supplement increase to 4%

Reply to the comment left by AA at 16/12/2018 - 16:04
We have the same down here in Bournemouth. The university letting service rents out private rental houses as if they are "halls of residence" and therefore they have a different status. Totally nonsensical but there you go - strange times.... Read More

Grumpy Doug

0:07 AM, 25th November 2018
About A year ago

We need to wake up and smell the coffee!

Reply to the comment left by Annie Landlord at 24/11/2018 - 16:03
Annie - I'm not sure that Dave is suggesting that they support private landlords. My local Fat Face store supports a local homelessness charity that does superb work - highly laudable unlike Shelter's activities. Maybe that's what M&S should consider. I'll fire off a note to them tomorrow... Read More