Tax is a strange one. It is often one of the things we worry about the most but yet we don’t do all we can to figure out what the actual number is. Having overseen the preparation of tens of thousands on tax returns over many year, and having personal prepared thousands one thing was […]
I was speaking at an event last night and updated the audience with my thoughts on the recent budget and some general updates that landlords need to know about. At the end of the talk I was approached by a lady who said she was still confused and asked me directly if she should buy […]
We all learn in different ways. Some like to read, some watch, some listen. In person presentations provide all three! I’m speaking tonight at North East Property Collective so however you learn you can absorb my budget update and general reminder of things you need to know. You can book your tickets here – BOOK
I was speaking at Durham Council’s Landlord event last night. They talked openly about the need for selective licensing and what they are doing within the scheme. One strange thing came up though. They mention ed HMRC in their talk. Why would that be? Well you might not know but there are already some licenses […]
I’ve just done something big. Pretty big. I just got back from climbing Mount Toubkal. It’s the highest peak in the Atlas Mountains. It was tough. It didn’t happen by accident. I made sure to have the right gear, the right guide and I did the training beforehand. Despite this it wasn’t all completely plain […]
Marriage is a beautiful tradition. I genuinely love it. I’ve also been witness to two separate impromptu marriage proposals. They were amazing. Just me, the poor wife to be and the hopeless bloke who proposed. Both could have been beautiful moments that I would have cherished forever. Instead I have two good anecdotes. Stories I […]
Joe decided to buy a house refurb it and sell it. He declared the sale to HMRC within 60 days of completion and sent then 24% of the uplift because he is a higher rate taxpayer. Job done and money used as a deposit on his home. He’s happy. His wife is happy. Everyone is […]
Regular readers will know I am going through some of the questions from a recent interactive quiz I did called “Ten Tax Things all Landlords should know”. The average score when I do this is 3 out of 10. All of the questions are fairly routine things that are likely to happen to landlords. My […]
From my Ten Things series. When you buy a house you will normally get a survey or as a minimum of valuation report. These things cost and you’ll like want to claim the cost as an expense. Like other purchase or sale costs these are part of the capital side of the deal and will […]
In 2013 the Ramsay case changed property forever. Mrs Ramsay persuaded HMRC that she was “busy” enough to claim capital gains tax rollover relief. Since then the property industry has ran riot with claims that they are also busy enough. In short if you are doing 20 hours a week you could be […]