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None of us like to think that in 13 years a Property would not make money
but with my long term plans this has worked to my advantage
selling into my company can be achieved with zero CGT
so what I have lost on the roundabouts I gain on the swings
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
And still have a healthy property portfolio.
Also worth remembering that for high rate taxpayers Rent is taxed at 40% - but Cap Growth at a 28% less usual offsets.
In SE in long term CG will be bigger portion of overall yield - assuming CG replicates the past few decades.
I agree with what you say, but in parts of the SE prices are so high and yields so low it is difficult to justify purchasing further property, in the NE purchasing further property is still viable.
Also agree that SE could well see a prolonged period of stagnating prices as we saw in early 1990s - though I do wonder about impact of S.24 in North where rents are often the only yield element.
Prices are high and yields low because we haven't had the stagnation that parts of the north have had.
If anything DL's yields have increased because her properties values have gone in the opposite direction! In the SE that is a strange situation to be in, completely alien for most.
To be very honest at the age of 60 and I had growth as has been relised I would be selling up and paying the 28% cgt and moved on
I would have invested my profit in the equity market
i live on high yeild so I am stuck with BTL
running a portfolio can be stressful and it’s work
millions in good high dividend shares could be far less stressful and I would not be effected by S24
I’m just trying to make a good job out of a bad one
It is a long time without cg. But I’d take the yield, the yield, the yield before I took cg. Presumably it’s a perk of NE investing that you don’t have to be rich and subsidise... they pay for themselves thank you very much?
Gains will come. You just need to hold.
Long term it will be fine
thats why I won’t sell
You've had it pretty good really DL, as per your post here:>>>" dislexic_landlord to paul_barrett 4 Feb 2017 at 16:58
I think I had a bit of luck here ?? over the past few years
A lot of my customers are on low income but are working and I found that because they were on certain benefits I was informed that they could have new boilers solid wall insulation Cavity Wall Insulation and the removal of Night storage heating all at nil cost to my self
I have upgraded property because they had old central heating systems and wooden windows so it was part of my plans when purchasing property to make it energy efficient
We had a scheme in the NE which was the removal of Night storage heaters and a replacement with Gas all at no cost the only criteria was the Tenant had to apply and they had to be under 25k household income
I reckon I have saved over 200k from the use of grants since 2014">>>
Imagine if you'd had to have opened up the purse for that?! Let's be glass half-full for the rest of December? ;->