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alex usovs

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About alex usovs

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  1. What would be the best bank account to keep track of everything? Which are leading options? Metro, Tide, Counting UP?
  2. Hello Everyone, Just opened a company, thanks everyone for help and support. I need to open bank account now. Which are leading options? Metro, Tide, Counting UP?
  3. Hello Guys, Why so little told regarding LLP vs LTD? Anyone bought property using LLP?
  4. Thank you for your response. What if I buy the property with one SIC Code and then decide to sell it? However, it was bought for managing purposes.
  5. Guys, wanted to ask, can I open Limited Company with 2 SIC Codes? Will this affect rate of mortgage in any way?
  6. Thank you so much for your advice guys, much appreciated. I'm now looking for a property coach that can help me with my next steps. Any suggestions?
  7. I do understand that it's "only as much" that you can offset as Ongoing Expenses to avoid Corporation tax of 19%. - Can any of the cost for my residential property be offset as Office in any way? Any part of it's mortgage? However, I wanted to know whether, I can offset more things as company expense rather than ongoing costs to avoid Tax on Dividends of 32%? Let's say as we discussed things such as: - Dinner - Some of the travel expenses to be paid through company card - Any Clothing or anything can be purchased? - Any Gadgets such as new phone to be purchased? Will if reduce the taxable amount for Corporation Tax or Can it be versus Divident Tax? I'd like to make as many purchases as reasonably possible using Company Card, so that in case "I WILL NEED" to take dividends out as an unforeseen circumstance there is not much left and save my hard earned cash for whatever it may be needed rather than paying with my Cash that was already taxed 40%. + Pay another 32% Divident tax If I needed to take money out from company. End Game: If I was to keep Rental Income in the company, later invest it in purchasing one more and selling it, Am I correct to say that there will only be Corporation Tax of 19% whilst holding the Money in the Company and Capital Gains tax of 28% when the property is sold? Kind regards, Alex.
  8. I do understand that it's "only as much" that you can offset as Ongoing Expenses to avoid Corporation tax of 19%. - Can any of the cost for my residential property be offset as Office in any way? Any part of it's mortgage? However, I wanted to know whether, I can offset more things as company expense rather than ongoing costs to avoid Tax on Dividends of 32%? Let's say as we discussed things such as: - Dinner - Some of the travel expenses to be paid through company card - Any Clothing or anything can be purchased? - Any Gadgets such as new phone to be purchased? Will if reduce the taxable amount for Corporation Tax or Can it be versus Divident Tax? I'd like to make as many purchases as reasonably possible using Company Card, so that in case "I WILL NEED" to take dividends out as an unforeseen circumstance there is not much left and save my hard earned cash for whatever it may be needed rather than paying with my Cash that was already taxed 40%. + Pay another 32% Divident tax If I needed to take money out from company. End Game: If I was to keep Rental Income in the company, later invest it in purchasing one more and selling it, Am I correct to say that there will only be Corporation Tax of 19% and Capital Gains tax of 28%? Kind regards, Alex.
  9. Thank you so much for your help! is there any accountant you’d recommend in East London?
  10. I'm looking to set up Limited company purely for tax purposes. Do I need to specify what exactly this company is going to do? Do I need to record anything? I'm very new to all of this so sorry if it sounds very basic. Any advice would be much appreciated.
  11. Dear all, I'm a higher tax payer therefore made some research and thought I'd be better of setting up a limited company and buy my BTL property under company. Can you kindly advise me on process in terms of setting up limited company? Kind Regards, Alex.
  12. Hi Everyone, Planning to buy my second property using Equity Released from my residential property. I'm around 90k Liquid. Any advice? I live in London, however, yield are very low I'm worried in investing elsewhere as not too familiar with other markets. Also, anyone can recommend a financial advisor that secialises in property? Looking forward to your reply Many thanks, Alex
  13. Dear all, Just wanted to ask: What benefits are in remortgaging and taking some of the equity out versus simply taking a loan from the bank? In both scenarios the money have to be paid back. Please if you can explain this to me would be much appreciated. Kind regards, Alex.
  14. Hi, my name is Alex and I'm from London. I've recently bought my first 2 bedroom flat using mortgage. I like the East London quite a lot but open for investment in other areas. I'm looking at remortgaging deals, so that I can release equity from existing property and invest in my first BTL. I'd like very much to do it within next 7 months. I've been taught the process of buying fist property from my brother. I'm pretty good at understanding when it comes to "How to" Buy your first property. I'm looking forward to benefit from the information at this forum and to be able to use it to grow my portfolio. Sincerely, Alex
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