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noel c

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About noel c

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  1. Hi I am interested in the bite size shows on YouTube - currently watching "The Unsellables" with Kirsty Allsops' sister. It was filmed about 10 years ago in Canada and the US - but the broad learnings remain the same. Anything else on property worth watching?
  2. I currently pay tax at 45% and have set up a limited company for property development purposes I want to buy health insurance for me and the family Is it worth doing this through my limited company, where I understand it is then taxable on my P11D, or am I better doing it from my after tax earnings? Thanks
  3. Many thanks for this The Self Assessment form asks for the contract date. Given that there are multiple purchases during the tax years 17-18 and 19-20, which date should I use?
  4. I am currently completing my Self Assessment for 2019-20. I purchased a number of shares in a listed company in 2017, and then made two additional purchases in May and October 2019, before offloading the lot in Feb 2020 with a total gain of c£20k. My question is how to show this on my SA tax return, as the on-line form doesn’t seem to allow for one disposal against three purchases. Do I need to enter in three separate transaction as disposals of each of the three purchases?
  5. I am looking to do a self-build in my back garden with the aim of selling it almost immediately to pay off our mortgage. It would be a c 200sqm 4 bed on a 0.3 acre plot My local council, Waverley, have a CIL charge of just under £500/sqm, which equates to almost £100k. Is there any way around this?
  6. So how long does this process take from initial application to funds in their bank account? 4 weeks? Longer?
  7. Thanks Stuart - so on the basis of £15k rental, a loan of £180k would be more likely?
  8. Hello My parents currently have a BTL property, value of £375-400k with no mortgage, yielding £15k gross per annum. They have pension income of approx. £40k on top of this. My wife and I have a plot of land at the side of our house, that could get PP quite easily for a 3 bed detached. Cost to build would be approx. £300k Could my parents get a mortgage on their BTL property for £300k for the build costs? The new build will be in the names of my wife and me. Possible? If so, which bank / broker should we use?
  9. I am going through my 19/20 Self Assessment now, and see that I have goofed on last years dividend numbers. I received a dividend from Lloyds in May 2019 for £2,500, which I accidentally put into my 18/19 return. In that tax year, I had about £6,500 dividends. In 19/20, I have no other dividend income as I luckily sold out of Lloyds before Christmas 2019. As I am an additional rate tax payer, this will make quite a difference to my tax payment for both years. Is it worth me backing out the £2,500 in 18/19 and redeclaring in 19/20? If so, how do I do it? Or do I just leave it now
  10. Hello I am thinking about developing in my back garden We have approx 3 acres garden with an in/out driveway and are happy to build a 4/5 bed house built in the garden which would use one of the driveways. A few questions: 1) Given that this will be a 1800 sqft 4/5 bed house in a semi-rural area - how big should the garden be? Aim is to maximise sale price while miminizing garden given up 2) Sell the land with OPP to a developer or build ourselves? 3) How much should we clear the land before sale? It currently has a rickety old garage and some shrubs on it
  11. Hi My mother in law has a BTL property held in her sole name, which she inherited from her mother at about £150k. Current value is c£450k She has been approached by a builder to buy most of the back garden for development How is this treated from a CGT viewpoint?
  12. My wife is the sole director in a Personal Service Company, which hasn’t had any revenue for the past few years as she has been raising our kids full time. There is currently a carried forward Corp tax loss of approx. £5k. She has taken on a small piece of work recently to the value of £2.5k. All is in the current tax year. She wants to use this cash to make a one-off pension contribution to her SIPP. There will be no other pension contributions during the year, and she has about £12k rental income so most of her TFA is gone. What is the most tax efficient way to do this? I
  13. Hmmm... there are a lot of people trying to time the market. Just have a look at the house price debates on discussion fora like Money Saving Expert or House Price Crash, and you will see there are a lot of folks who have waited years for an upcoming crash that never came, and are now seriously out of pocket In the longer term, the market always continue to rise so any delay is really a high risk gamble.
  14. I swapped to Octupus Energy a couple of months ago for a lower cost no-exit fee option and their customer service and functionality has been great so far, plus they don't hound me for installing a smart meter! If you end up deciding that Octopus is the best fit, please click my referral link below for £50 free credit that goes to your account (please be aware that I will also receive the same credit for a successful referral - i.e. £100 between us!). https://share.octopus.energy/sage-lake-805
  15. I swapped to Octupus from Bulb a couple of months ago for a lower cost no-exit fee option and their customer service and functionality has been great so far, plus they don't hound me for installing a smart meter! If you end up deciding that Octopus is the best fit, please click my referral link below for £50 free credit that goes to your account (please be aware that I will also receive the same credit for a successful referral - i.e. £100 between us!). https://share.octopus.energy/sage-lake-805
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