I took a call from someone that had been sent to be by a solicitor recently. They had been told the amount of stamp duty land tax (SDLT) thy were going to pay and were quite surprised. They were buying a house but wanted to retain their old one as a BTL. Their solicitor told […]
No There you go. Done. Why do we keep seeing this question come up time and time again then? Probably because it can still be a very tough game. Extremely tough! It has always been the case that BTL investing is something that should only be undertaken with extreme care. Proper modelling on cash flow […]
It is well known that if you incur a penalty from HMRC and you followed professional advice you could make a claim to reduce the penalty. Why? Well you can legitimately say that you thought you were doing the right thing. Mid September saw an interesting case heard though in which the taxpayer has been […]
To be fair HMRC call them updates but anything where you have to send your figures to HMRC to help calculate your tax is a return surely!? Landlords will have to submit quarterly from April 2026 depending on the size of their portfolio. For some this is no problem at all. They already keep super […]
The question of SDLT came up yet again in a property group WhatsApp. This one was accompanied with a range of pictures showing just how terrible the condition of the property is in. I jumped straight to my usual cautionary tale that most refund companies are scammers that used to sell PPI claims, R&D claims […]
Now that the community is growing I think it’s time to launch the WhatsApp group. The group can be joined by the logo or by clicking here Use the group to ask simple questions of me and each other. See you in there!
I spent some time contemplating what could happen in the upcoming budget. It’s the first Labour budget for a generation so could be big news. At the time I spoke it was clear that Labour weren’t having the start they might have been hoping for but we could still have had almost anything announced. Since […]
Not long before typing this I had a chat with a lady that was looking for answers on how to transfer a property she owned with her husband in to a limited company. She was well into higher rate so was worried about her tax rates. Searching online via forums and the general chatter was […]
Hold on? Is there really no CGT on company properties? Correct! There is no CGT to pay when a company sells a property. But… It’s always the news that comes after the “but” isn’t it. I like you but… Your hair is nice but… So companies pay corporation tax. You probably knew that. They pay […]
Right. From the off. I always use a mortgage broker. Every single time I do anything with mortgages. Why? They know mortgages. The time and energy I save by using a broker more than compensates for any fee that I have ever paid. I genuinely love brokers. They are great. They are not however tax […]