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simon misiewicz

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About simon misiewicz

  • Rank
    Established member

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  • Website URL
    http://www.optimiseaccountants.co.uk

Profile Information

  • Location
    Nottingham
  • My skills
    • Understand your goals and provide pro-active tax planning
    • Help you to develop your strategy for property investing
    • Evaluate each property investment to see if you are making the best returns
    • Send you articles and videos guides of how to maximise your wealth and property investments
    • Help you reduce your tax before the year end
    • We will submit your tax returns to HMRC
    • We will act as your agent to HMRC so that you are not bothered by the tax man
    • We will provide you with a set of accounts and send them to Companies House (if applicable)
    • Call us free from 8am to 8pm Monday to Friday to ask questions or seek advice
    • Invitations to property networking events to meet like minded property investors

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  1. Apart from the normal rates of SDLT you will also pay the additional 3% SDLT surcharge. Not only that but you will also need to refinance the property into the limited company. It is what we did but ensure that you do the necessary calculations first
  2. Are you surprised that HMRC cause confusion when they are confused themselves?
  3. Capital losses can be carried forward indefinitely, although not beyond the taxpayer’s death. This applies even if gains are made by the deceased’s personal representatives. Losses incurred in a tax year must be offset against any gains in the same year (TCGA 1992, s 2(2)(a)). The taxpayer can choose how such losses are allocated so that, to minimise the overall tax charge, they should first be applied against gains charged at 18% and 28% and any remaining losses could be applied against any entrepreneurs’ relief gains charged at 10%. Any balance of unused losses is carried forward
  4. If you have a house in a limited company it is not added to the number of properties in your own name. So, if you have one company with 1-100 properties but none in your own name then you can buy a property in your own name without the 3% surcharge
  5. Hi Luz If you are overseas and in receipt of any UK income then you may not be taxed. It depends on your domicile / residence. If live abroad then you need to be out of the UK for a period of time and not have many ties to the UK for income to be tax free. This are is rather complex that cannot be dealt with reasonably on a forum. The loan is a debt, which may be paid back to the company owner tax free any time. Hope this helps
  6. Louise and her team of property tax specialists have been speaking with a number of clients that are concerned about income tax, given the budget changes, and how they should structure their property business within a family. There are a number of concerns that people ought to be aware of: - Are you keeping your fair share of earned income or is HMRC taking more than what seems reasonable? - Are you protecting your hard earned wealth for future generations, or are your assets under threat from HMRC’s Inheritance Tax or family mis-use?
  7. Louise and her team of property tax specialists have been speaking with a number of clients that are concerned about income tax, given the budget changes, and how they should structure their property business within a family. There are a number of concerns that people ought to be aware of: - Are you keeping your fair share of earned income or is HMRC taking more than what seems reasonable? - Are you protecting your hard earned wealth for future generations, or are your assets under threat from HMRC’s Inheritance Tax or family mis-use?
  8. Hi Andrew Here are some options for you: 1 - Accountancy & Tax support Please book a call to discuss how we can help you in regards to accountancy and taxation services. We will describe our services to you but will not provide any tax advice on the call. Book some time with us a time that is convenient for you: http://www.optimiseaccountants.co.uk/accountancytaxservices/ 2 – Tax consultations If you would like to have
  9. There are a few points on here that need to be validated. Louise and her property tax specialists team have spoken about this extensively with their clients and wrote some articles that may be worth a good read: What structure to use for your property business Incorporation & CGT / SDLT reliefs Why you should not incorporate your property business Hope these help
  10. Hi Craig Here are some options for you: 1 - Accountancy & Tax support Please book a call to discuss how we can help you in regards to accountancy and taxation services. We will describe our services to you but will not provide any tax advice on the call. Book some time with us a time that is convenient for you: http://www.optimiseaccountants.co.uk/accountancytaxservices/ 2 – Tax consultations If you would like to have d
  11. Louise and her property tax specialists have written an article based on their discussions with clients about how they see property investing in the next 12 months. Some interesting points that clients have highlighted: 1 – Mortgage interest will only increase and therefore the Section 24 will have a compounding affect on many landlords 2 – The focus of some clients has been to reduce mortgage interest rates or indeed paying off some of their mortgages in light of the budget changes 3 - Council of Mortgage Lenders (CML) have highlighted a drop of nearly 50%
  12. Louise and her property tax specialists have written an article based on their discussions with clients about how they see property investing in the next 12 months. Some interesting points that clients have highlighted: 1 – Mortgage interest will only increase and therefore the Section 24 will have a compounding affect on many landlords 2 – The focus of some clients has been to reduce mortgage interest rates or indeed paying off some of their mortgages in light of the budget changes 3 - Council of Mortgage Lenders (CML) have highlighted a drop of nearly 50%
  13. Louise and her team property tax specialists wrote an article that posed some questions to help people understand what structure they should hold their property investments. It was written to provoke you to come up with some answers yourself before you sought out the advice of an accountant. Hope it helps http://www.optimiseaccountants.co.uk/buy-to-let-property-ownership-advice/#.WXsXItPyuRt
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