LandlordZONE

23

Oct, 2014

Thursday

Search:

Type: Posts; User: Gordon999; Keyword(s):

Page 1 of 18 1 2 3 4

Search: Search took 0.04 seconds.

  1. For your own property let at reduce rent, see...

    For your own property let at reduce rent, see hmrc guide :

    http://www.hmrc.gov.uk/manuals/pimmanual/pim2220.htm
  2. Your brother will have to report the rental...

    Your brother will have to report the rental profit from his house and be liable for tax. Have you contacted an accountant about this situation ?
  3. How many leasehold flats in your building and...

    How many leasehold flats in your building and what is the annual ground rent collected by the freeholder ? Its sometimes better to enfranchise first.
  4. Replies
    9
    Views
    286

    When buying property, what matters is location,...

    When buying property, what matters is location, location, location.

    Better to stay away from pubs, fish & chips or fried chicken shops , chineses takeaways, indian curry shops , petrol filling...
  5. The collapse of NR in 2007 was shocking . The...

    The collapse of NR in 2007 was shocking . The collapse of Bradford Bingley and RBOS in 2008 was shocking.
  6. Replies
    13
    Views
    411

    If you have lived in property for 15 years and...

    If you have lived in property for 15 years and only let for 1 year, then you are exempt for period of self occupation and have NO capital gains tax to pay.
  7. Replies
    13
    Views
    411

    1. Selling your house for 120K may give rise to a...

    1. Selling your house for 120K may give rise to a capital gains tax bill. If you make a profit of 60K, then you may be faced with tax bill for 9K.
    if you want to stay in BTL property business,...
  8. Replies
    3
    Views
    396

    The last tax year started from 6th April 2013 to...

    The last tax year started from 6th April 2013 to 5th April 2014 and you are required to submit a 2013-2014 tax return before 31 Oct 2014 (for paper return) or before 31st Jan 2015 ( for online tax...
  9. Replies
    5
    Views
    283

    You are definitely dreaming. If you look at...

    You are definitely dreaming.

    If you look at the BTL mortgages available on the market, most lenders require 25% to 30% deposit. ( see offers on ...
  10. Replies
    8
    Views
    508

    What is the unexpired years left on your lease ? ...

    What is the unexpired years left on your lease ? Have you thought about selling ? Government Minister Eric Pickles has set a cap on Council service charges at 15K :
    ...
  11. Replies
    7
    Views
    452

    This link may help you to work out the penalty...

    This link may help you to work out the penalty for late tax returns :

    https://www.gov.uk/estimate-self-assessment-penalties/y
  12. Replies
    7
    Views
    452

    Luke, In your first post, you said " I finally...

    Luke,

    In your first post, you said " I finally got my tax forms "- There should be some "guide notes" attached to each tax form sent showing your name and tax file number..

    If you have...
  13. gcltd, You can claim "interest only" on the...

    gcltd,

    You can claim "interest only" on the mortgage plus any council tax before start of letting. The paper tax return should be posted before end of this month.
  14. Replies
    7
    Views
    452

    Before you decide to buy a plane ticket to UK , ...

    Before you decide to buy a plane ticket to UK , I suggest that you work out the rental profit for each of the past 2 or 3 years and what tax may be owing..

    You may find the property rental...
  15. The cost to pay for statutory lease extension...

    The cost to pay for statutory lease extension depends on the current ground rent payable up to lease termination and the market value of your flat with long lease.

    The calculation method for...
  16. Replies
    2
    Views
    160

    1. The free guide on valuation cost for...

    1. The free guide on valuation cost for statutory lease extension may help you can be downloaded from LEASE . The free guide shows the estimated cost for statutory extension depends on (1) the...
  17. Replies
    10
    Views
    806

    My understanding for insurance policies, the cost...

    My understanding for insurance policies, the cost of insurance premium is increased by IPT ( Insurance premium tax) now charged at 6%. VAT does not apply to insurance or finance products.
    ...
  18. The liability to pay CGT depends on the amount of...

    The liability to pay CGT depends on the amount of capital gain ( profit ! ) you make after the sale of BTL property. It does not depend on what you buy with the proceeds from sale.

    The Taxman's...
  19. Replies
    12
    Views
    609

    The Self Assessment Tax Return for the tax year...

    The Self Assessment Tax Return for the tax year 6th April 2014 - 5th April 2015 must be completed during the period from April 2015 to Oct 2015 ( or before 31st Jan 2016 if using online method ) ....
  20. Replies
    4
    Views
    294

    The property belongs to the freeholder and...

    The property belongs to the freeholder and leaseholders only have a lease which is only long term rental contract. Your leaseholders need to get together and buy the freehold title using the...
  21. Its best to keep a paper copy of your annual tax...

    Its best to keep a paper copy of your annual tax return even if you submit returns online. If later, you are picked out for audit check, you would know what info you have submitted.
  22. Replies
    6
    Views
    394

    You pay about 50% estimated tax before end of...

    You pay about 50% estimated tax before end of Jan and 50% balance before end of July . The estimated tax charged is based on your tax return for year ending 5 April 2013.

    The next tax...
  23. Replies
    10
    Views
    553

    You should talk to some holiday letting agents n...

    You should talk to some holiday letting agents n Edinburgh and get their estimated costs and possible occupancy rates for your type of accommodation..
  24. Replies
    4
    Views
    268

    RTM companies are usually set up by a majority of...

    RTM companies are usually set up by a majority of leaseholders in the block to legally take over the administration of the service charge account and perform some minor duties under the lease.
    ...
  25. Replies
    1
    Views
    175

    I would expect the installation cost to be paid...

    I would expect the installation cost to be paid from the service charge account for the whole block.
Results 1 to 25 of 450
Page 1 of 18 1 2 3 4