Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 9 years ago 9619

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Budget 2015 - Landlords Reactions

The concern is;

Budget proposals to “restrict finance cost relief to individual landlords”Summer Budget 2015 - Landlords Reactions

To calculate the impact of this policy on your personal finances download this software


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MoodyMolls

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7:13 AM, 20th November 2015, About 9 years ago

Reply to the comment left by "Saeef Khan" at "19/11/2015 - 22:19":

Accountingwebb thinks the same and that he will close some loop poles

Si G

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7:15 AM, 20th November 2015, About 9 years ago

Reply to the comment left by "Saeef Khan" at "19/11/2015 - 22:19":

Sell bmv to your ltd problem solved

MoodyMolls

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7:16 AM, 20th November 2015, About 9 years ago

MoodyMolls

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7:30 AM, 20th November 2015, About 9 years ago

Mark Alexander - Founder of Property118

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10:22 AM, 20th November 2015, About 9 years ago

Reply to the comment left by "Simon " at "20/11/2015 - 07:15":

You said "Sell bmv to your ltd problem solved"

WRONG!
.

Si G

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11:04 AM, 20th November 2015, About 9 years ago

Reply to the comment left by "Mark Alexander" at "20/11/2015 - 10:22":

How so ? no or low cgt and a wrapper of ltd protection for the future

Mark Alexander - Founder of Property118

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11:20 AM, 20th November 2015, About 9 years ago

Reply to the comment left by "Simon " at "20/11/2015 - 11:04":

The transaction would be deemed to have progressed at full market value for CGT purposes once discovered and HMRC would deal with the matter of tax evasion, which is criminal..

SDLT would be also payable by the company on the purchase.

You would need to refinance.

Far from "sorted" I'd say.
.

Si G

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14:06 PM, 20th November 2015, About 9 years ago

Reply to the comment left by "Mark Alexander" at "20/11/2015 - 11:20":

Yes sdlt in purchase by ltd & finance costs but bmv sales never had a problem some auction lots are sold 50% bmv and sdlt payable on sale price, if several sales may be linked as you mentioned a while back, only trying to help people who want out

Mark Alexander - Founder of Property118

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15:17 PM, 20th November 2015, About 9 years ago

Reply to the comment left by "Simon " at "20/11/2015 - 14:06":

I understand that you are trying to be helpful Simon but your recommendations are dangerous.

Selling to or buying a property BMV is very different when the third part has no connection. That said, there are still risks, albeit different risks.

If you were to put all of your properties in an established auction which marketed them properly, and you happened to be the highest bidder, you would have a good case. Failing that, I'm sorry to say that I think your suggestion is a very bad one.
.

Trendo

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16:04 PM, 20th November 2015, About 9 years ago

Mark , is the average of 3 local estate agent quotes acceptable or does it need to be a rics valuation ?

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