Jump to content

antoine damore

Established Member
  • Content Count

    35
  • Joined

  • Last visited

About antoine damore

  • Rank
    Established member

Profile Information

  • Location
    Moscow
  • Property investment interests
    Have been essentially buying on plan. Overseas investor.

Recent Profile Visitors

760 profile views
  1. Thank you very much Sue, I had not deducted any of these 'once off' cost before. So the usual letting agent fees, repair etc... are deducted from my annual HMRC tax return but that is it. So I can deduct solicitor fees but I cannot find anything about sourcing agent fees. Would it also fall under the same category and be deductible as 'expenses' related to the property? Regards Antoine
  2. Hello, I am wondering if the sourcing fees (and additional mortgage lender fees, mortgage broker fees, solicitor cost etc...) spent during the acquisition of a property can be deducted from the CGT bill when the same property is being sold? I am aware of SDLT being deductible but not sure about the lender/broker/solicitor/property sourcing fees. Thank you in advance for the advise. Regards Antoine
  3. Hi, I have been recently exposed to a lot of literature (advertising?) on investment value of The Northern Powerhouse and similarly on the investment value of London commuters towns; and so I have been thinking - if I had to choose..... So back to basic and judging against the 2 main criteria of capital growth and yield, it appears (in the literature anyway), that the London commuting towns (within the M25) are benefiting from larger capital growth (or have been over the past 2 years) than the majority of the Northern Powerhouse city centers (except Manchester maybe).
  4. Hi, So looking into registering the Nature of Business for my property corporation, I am coming across a very short list from the Company House: Section L Real estate activities : 68100 Buying and selling of own real estate 68201 Renting and operating of Housing Association real estate 68202 Letting and operating of conference and exhibition centres 68209 Other letting and operating of own or leased real estate 68310 Real estate agencies 68320 Management of real estate on a fee or contract basis https://www.gov.uk/g...IC_codes_V2.pdf So essentially whether you
  5. Hi, So looking into registering the Nature of Business for my property corporation, I am coming across a very short list from the Company House: Section L Real estate activities : 68100 Buying and selling of own real estate 68201 Renting and operating of Housing Association real estate 68202 Letting and operating of conference and exhibition centres 68209 Other letting and operating of own or leased real estate 68310 Real estate agencies 68320 Management of real estate on a fee or contract basis https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/455263/SIC_co
  6. Jason, folks, A lot of good questions raised by Jason. And between us I am surprised there are not more people that ask the same question as Jason. Honestly with the new budget resolution, I don't see myself how the property business (with the standard strategy of building a portfolio and long term hold) can return any cash at all now. Unless you go into high yield properties (HMO type) for me it doesn't stack up at all. Being more or less taxed on my income rather than my profit is a killer. Using a corporation can work but BTL mortgage for corporation are rare. Deed of trust to transfer m
  7. Gents, A lot of great points there.One question I'd like to raise to that well educated community is on the LOCATION of the limited liability Company (LLC). My question is about establishing corporation outside the UK. There are obviously significant tax advantages and as far as lending is concerned: - For trading property I think it does not matter. Only short term lending is needed (or cash buy) and I guess bridging finance lender would lend as easily to say Isle of Man, Jersey, BVI corporation as they would to individual - For commercial property (usually far larger in size
  8. Tahnks Donald, great help. So indeed I also had a Natwest account that has been closed on my (probably like your dad). So that Natwest savings account, can I use it for receiving rent and getting mortgage paid? That is all I need actually. A bank account where the rents can be paid and where I can organise direct debit for my mortgage. Do you think it could work? Cheers Antoine
  9. Hi, I have found a lender for non-Uk resident that is Ok to work with me on building my UK portfolio but the lender is requesting me to have a UK bank account. As non-Uk resident I cannot find any single high street bank willing to open a UK account for me. The only one would be the "Premium" accounts from Barclays, Lloyds and HSBC but they require 100.000GBP investment with them (I much rather prefer to invest that in properties...). Any good leads on which organisation can help me open a UK bank account? Thanks in advance for the advise. Antoine
  10. Folks, I'll be in London on the 18th of June. If by any chance you have a meet up at that date I'll be glad to join. if your first meet up is on the 14th and you have it every fortnight then I might just be in between 2 events. But if you schedule changes somehow let me know. Cheers Antoine
  11. Thanks for the response Kylie, much appreciated. Regards Antoine
  12. Kylie, I noticed you mentioned Hometrack report (www.hometrack.com/uk). I have been using it also in the past but for some reasons I don't seem to be able to access their website anymore. Is it still up and running? Antoine
  13. Some very interesting notes and comments here. So Europe is sometimes compared to Japan when we hear talking about deflationary environment, high property price as a multiple of household income, housing bubble, burst and followed by a stagnation in house prices despite very low interest rate (1.8%) and a very strong economy (3rd in the world). So are we likely to see a repeat of that situation in Europe and should we not learn from that? Well actually going back to the fundamentals in that case is really what matters. Yes central London has seen a growth probably artificially fueled b
  14. kevin, you are mentionning a tightening of the lending market through 'new' regulatory requirements for the bank and lenders in general. is that something recent? Since 2008 lending has been tight on all front but do you see it is getting worst? There has been more and more prevalent talks about potential deflationary environment. in the low interest rates environemnt that we see now, if we add tighter lending and combine that with and upcoming slow down of investment from China, the pocture doesn't lok too rosy for the property market in general. What do you think? Antoine
  15. hi Jay, I raised a question some days ago but without answer yet. please check it out on Topic - - - - - "new" CGT regulation for non resident maybe you can help? regards antoine
×
×
  • Create New...