The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, according to a recent survey of property investors.* Six in ten (61 per cent) landlords say they currently use a letting agent to m…
I have the following question regarding taxation of a limited company. Background: I hold two residential rental properties in joint ownership with my spouse. Each year I complete a tax return on these. Last year, I purchased another BTL property off p…
The following project outlines how one of our clients used our flexible property funding to turn a profit of £250,000. The client, an experienced Property Developer, purchased a former furniture showroom in Liverpool and transformed it into 15 residential flats. The client drew down the funding in multiple tranches in line with his schedule of… Read more
The post Furniture Showroom into 15 Flats appeared first on Property118.com.
A CPD accredited briefing for property lawyers, commercial agents and local authorities on how to remove travellers from land under a High Court writ or Common Law. The Sheriffs Office are authorised High Court Enforcement Officers. They are highly exp…
Some accountants have been telling their clients that if they want to claim they run the “business” as a “partnership” then they will automatically have to pay National Insurance. “That can’t be right”, I hear you cry! Well it’s not quite clear cut, so I decided to do some more research on the subject and… Read more
The post Are Landlords Ever Required To Pay National Insurance? appeared first on Property118.com.
Until quite recently, many have argued that a partnership doesn’t exist unless HMRC has issued a rental property Partnership Unique Tax Reference number “UTR” and that three years of partnership returns have been submitted and accepted. However, earlier this year I was made aware of HMRC issuing non-statutory clearance for the SDLT exemption of a… Read more
The post Are Joint Buy-to-Let Owners Automatically A Business Partnership For SDLT Exemption Purposes? appeared first on Property118.com.
I’m interested in your feedback on a series of Landlord Tax Planning Clinic Webinars I’m planning. Each webinar will answer 5 pre-submitted questions from subscribers, and if time allows we will answer a selection of live questions too. My co-host will be Mark Smith, Head of Chambers at Cotswold Barristers and Honorary Legal Counsel for The… Read more
The post Landlord Tax Planning Clinic Webinars appeared first on Property118.com.
My wife and I want to incorporate our buy-to-let portfolio but our outstanding finance is £600,000 more than the purchase price and capitalised costs associated with the properties. We believe we qualify for incorporation relief but our understanding of how that works is that we will exchange equity for shares and the value of those shares will… Read more
The post What can I do about latent gains? appeared first on Property118.com.
I’ve got five buy to let properties all in my sole name which I’ve had for around 6 years and they are mortgaged on an interest only basis. Due to the change in mortgage tax relief and the fact that I’m a 40% tax payer earning around £100k a year I’d like to transfer the… Read more
The post Moving properties to my wife to save tax appeared first on Property118.com.
I bought a one bedroom flat with the freehold in a terraced housed converted into 2 one bedroom flats. The top flat is leasehold but I was not the seller. The leaseholder is my tenant and she is in South Africa. A management company sublet her flat whi…
I’m soon about to start investing with my mum and we’ll be starting with a Buy to Sell strategy using cash. We cannot get a mortgage for now, that is not an option to consider at present. I recently thought about buying a freehold semi commercial property with a flat/flats above then selling each unit… Read more
The post Semi commercial title split buying to sell for cash? appeared first on Property118.com.
For most landlords evicting a tenant is a daunting experience, the whole process leaves landlords often confused and baffled by the process. Gone are the days when landlords could simply write a letter giving the date that they require the property, ho…
An elderly aunt of mine bought her parents house under RTB many years ago. She then moved to Italy and allowed her sister to live in the house. My aunt want to sell the house. Some questions arise 1. What tax considerations does she need to address? Im…
Association of Residential Letting Agents (ARLA) figures for April show a drop in the number of properties managed by agents in London of 31.8% from 148 per branch in March to only 101 in April. However, the total number in the UK actually rose from 18…
I have been to court in-order to get a tenant removed, that’s now going to happen very soon, however my neighbour has informed me that the flat has been completely boarded up. What I don’t understand is just who is likely to have done this to my flat, I know I didn’t ask anyone to… Read more
The post My flat has been boarded up appeared first on Property118.com.
info@gracecharlesinvestments.com
of Norwich City Football Club