John Martin

Registered with Property118.com
Friday 8th January 2016


Latest Comments

Total Number of Property118 Comments: 5

John Martin

10:42 AM, 21st January 2016
About 3 years ago

Hold your horses – Does c24 make Ltd more attractive?

Reply to the comment left by "Mark Alexander" at "20/01/2016 - 15:06":

"I’m about to become an ex-pat and start selling some of my properties."

Now that is a strategy that I like the sound of!... Read More

John Martin

14:50 PM, 20th January 2016
About 3 years ago

Hold your horses – Does c24 make Ltd more attractive?

I've read those articles but mine would be new purchases so no need for s162 and I still don't see the figures stacking up.

I accept that I have made a number of assumptions but my analysis was geared towards costs today and potential to recoup. Who knows what will happen to tax and ourselves tomorrow.

If costs were equal I could see the advantage, but for a small portfolio where GCT allowances and potential PRR are more meaningful I can't see a compelling case to incorporate.

I have known to be wrong before though and I am grateful towards those who attempt to educate me.... Read More

John Martin

17:57 PM, 19th January 2016
About 3 years ago

Conflicting advice to Pay down debt or not?

Reply to the comment left by "Jonathan Clarke" at "19/01/2016 - 16:37":

If you are forever borrowing what is the end game - When do you stop and what happens when you do?... Read More

John Martin

13:42 PM, 19th January 2016
About 3 years ago

Conflicting advice to Pay down debt or not?

Thanks for the comments everyone.

I'm coming to the conclusion that I personally want my debt to be 'frozen in time' as soon as possible so while I may not pay it down I don't want to increase it more than I need.

If I can borrow at 2% and invest at anywhere near to this then I concur that there is little point paying down debt. Even a negative carry on the cost of finance by generating a return below 2% will still have value to me because I get to keep the cash and thus some control.

Now I am busy learning about LTD vs Personal ownership. Assuming c24 isn't repealed, and given a desire not to reduce debt, it appears that a LTD is a no brainer whereas once the pro/cons were more closely aligned.

If I was interested in paying down debt with the profits then I can still see real value in purchasing as an individual.

Look like George has at least made on thing simpler based upon an individuals long term goals.Until the next budget....... Read More

John Martin

14:52 PM, 12th January 2016
About 3 years ago

My Meeting With George Freeman MP

"The Finance Bill could be amended so that Restrictions on Finance Cost Relief for Individual Landlords are only imposed to new buy-to-let purchases post April 2017."

This reads like a position for pulling up the ladder to prevent others from following. Why even entertain a half way house when the measure itself is absurd and contrary to established business practice?... Read More