30

May, 2017

Tuesday

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  1. Replies
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    1. The capital gain is calculated for the entire...

    1. The capital gain is calculated for the entire period of ownership. e.g £500K ( Sale ) minus £100K ( Buy) = £400K. ( profit ) which is split 50% : 50% to each joint owner. = £200K

    If the...
  2. May be on this site : ...

    May be on this site :

    https://homes.trovit.co.uk/lpa-receivers
  3. See item 40 in link below ...

    See item 40 in link below

    https://www.raymondbenn.co.uk/services/businesses/detailed-list-of-tax-allowable-expenses#2
  4. http://www.thisismoney.co.uk/money/buytolet/articl...

    http://www.thisismoney.co.uk/money/buytolet/article-4005894/Landlords-putting-buy-let-companies-targeted-State-Bank-India.html
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    1. The capital gain is calculated from the...

    1. The capital gain is calculated from the proceeds of sale in 2017 less the acquisition cost in 1997, including the estate agents and legals costs . The mortgage loan is ignored since it is...
  6. Did the lease for flat commence before the ...

    Did the lease for flat commence before the start of AST agreements? Before the commencement of letting under AST agreements , it was possible for persons living in a rental flat to gain rights...
  7. This section covers divorce situations. ...

    This section covers divorce situations.

    Divorce or dissolution of a civil partnership

    A transaction is exempt from SDLT when a couple divorce, separate or end their civil partnership, and...
  8. Most problems raised on this site are for...

    Most problems raised on this site are for transfers of property from single name to joint name to their reduce tax bill.

    You want to go in the other direction which will increase your tax bill. ...
  9. Select option 1 . When you want to downsize in...

    Select option 1 . When you want to downsize in 15 years time , buy a new-build smaller property.
  10. Replies
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    Virgin Money can offer a BTL mortgage below ...

    Virgin Money can offer a BTL mortgage below Godiva's interest rate but only for 2 years .

    ...
  11. "My solicitor is telling me that, as the buyer...

    "My solicitor is telling me that, as the buyer (us) and the seller (the co in administration) are the same for each property purchase, this is a linked transaction for SDLT."

    The definition of...
  12. Laura , Please study the details in point 47 ...

    Laura ,

    Please study the details in point 47 of this FTT decision. It may help you .
  13. Replies
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    You might fight find section 47 interesting: ...

    You might fight find section 47 interesting:

    http://decisions.lease-advice.org//app/uploads/decisions/act85/10001-11000/10556.pdf
  14. You may find the comments in section 47...

    You may find the comments in section 47 interesting in the decision below :

    http://decisions.lease-advice.org//app/uploads/decisions/act85/10001-11000/10556.pdf
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    This website give a list of leasehold solicitors...

    This website give a list of leasehold solicitors

    http://www.servicechargedisputeguide.info/using-our-leasehold-laywers-directory/
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    Read your lease on what access is given to the...

    Read your lease on what access is given to the freeholder to enter your demised area.

    Buy a copy of the property title and site plan from Land Registry Online and the plan should show the...
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    You should go visit East Croydon station and ask...

    You should go visit East Croydon station and ask the estate agents near to station to quote what price they can sell for you .

    Then you pick the company with a few branches in the Croydon area...
  18. I agree with RAM - Sell the 60 years old house ...

    I agree with RAM - Sell the 60 years old house and reinvest the proceeds after tax elsewhere .

    If you are left after paying capital gains tax with £200K, you could re-invest £100K into 20...
  19. If all 5 flats had been given the statutory 90...

    If all 5 flats had been given the statutory 90 years lease extension , and the flats are now paying a peppercorn (= NIL ) ground rent , then each flat would contribute the "minimal cost" ...
  20. You may be able to get more information on the...

    You may be able to get more information on the agreement between Freehold houses and the Management company from the documents held by Land Registry under your property title.
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    Put on your rubber boots , remove drain cover...

    Put on your rubber boots , remove drain cover and try to clear the drain yourself.
  22. Ask your local MP for support to complain to...

    Ask your local MP for support to complain to Licensing Board.
  23. Knock on the door of your Neighbour with a BIG ...

    Knock on the door of your Neighbour with a BIG box of chocolates and ask for signing of an approval letter which you will have prepared.
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    You can quote the model No. to Manufacturer and...

    You can quote the model No. to Manufacturer and ask if it can work after removal for wall repairs .
  25. What age is your Director ? Why are you not...

    What age is your Director ? Why are you not nominated if you are over 16 ?

    There is no maximum age limit, however sec157 CA2006 imposes a minimum age of 16 years. Sec159 CA 2006 states that the...
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