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  • Buy-to-Let

    How many properties & in what timeframe?

    Hi Jim,

    I have only one book published so far which is The Complete Guide to Property Investing Success, available via the hyperlink from Amazon.

    I am in the process of writing my second book which will take a broader look at Property Investing Strategies today.

    Thanks for asking,
    Angela

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    Author of The Complete Guide to Property Strategies and The Complete Guide to Property Investing Success
    Learn more at http://www.completepropertysuccess.co.uk

    I also post property updates on my Facebook Page

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins

    Hi Angela,

    Interested to know when your second book comes out!

    JS

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    Jean-Stéphane

    In A House Ltd

    RLAAS Accredited Landlord

    Hi JS,

    Thanks for asking about the book. I expect it to be sometime in the first quarter of 2018.

    All the best,

    Angela

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    Author of The Complete Guide to Property Strategies and The Complete Guide to Property Investing Success
    Learn more at http://www.completepropertysuccess.co.uk

    I also post property updates on my Facebook Page

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins

    If it's anything like your first book I will definitely be buying. It was such a great read!

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    Hi Adam, that's great to know you enjoyed my first book!

    I do hope you will like this one.  I just hope I haven't been over-ambitious this time with it covering such a wide scope.  

    Thanks,
    Angela

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    Author of The Complete Guide to Property Strategies and The Complete Guide to Property Investing Success
    Learn more at http://www.completepropertysuccess.co.uk

    I also post property updates on my Facebook Page

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins

    Hi Angela

    Thank you for your input on this topic

    I too own a lot of Property and I echo your thoughts although I have not had to sell as you know

    I have done the Landlord Shuffle and it has worked out OK

    The thing I have realised is that BTL has a ceiling If you are lucky enough to be a Higher Rate Tax Payer Its difficult to reason why I would invest more in BTL and just pay a boat load of tax

    The Tax system stops ambition I know what ever I do now my Tax rate will be around 55% be it income from my Company or from my personal holdings

    You can see why the rich prefer to invest overseas

    Mr Dyson was on TV this morning and he said corporation Tax in the UK should be Nil

    Company's provide work pay VAT and NI Rates ect

    I have got to a stage in my life where I have experience knowledge  but I am put off using my skills because of taxation

    The way this sector has been treated is a disgrace I spend more of my time planning away around taxation than I do planning new business

    I give my views as a Landlord who is successful some don't like my views because I talk of doom

    I talk of doom because I realise so much can be taken away from Landlords at a change of policy from a UK Govt

    I don't think the assault on the PRS is over I hope I am wrong because more changes could only make us all worse off

    We have become a political football to be kicked around the field

    If you and I had invested in Offices Factory's and shops we would have been fine

    The UK Property Market is very sensitive to the British Public and Generation rent have the ear of the Govt

    I can see the Govts Issues and problems shortage of homes But to bring in retrospective Taxation on Landlords is just not right

    I never give in its just not in my nature and that's why I plod along now dealing with every bit of Sh** the Govt gives me

    and others like me who have made BTL a success

    God help us If Labour walk into power

    I will be interested in reading your new book









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    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.


    Hi DL,

    The gist of your argument appears to be: "The thing I have realised is that BTL has a ceiling If you are lucky enough to be a Higher Rate Tax Payer Its difficult to reason why I would invest more in BTL and just pay a boat load of tax.  The Tax system stops ambition I know what ever I do now my Tax rate will be around 55%..."

    With respect, that could be boiled down to: "I can't be bothered to make more money as I'll only have to give half of it to the government!"  implicitly adding: "I used to be able to keep more :-("

    That's a decision and a self-imposed limitation, not a ceiling inherent in BTL.

    You could say there's a new lower ceiling on the loan-to-value maximum that's feasible for BTL given the new tax rules.  People could even pay more tax than they make in profit if they get it wrong or don't adapt, but of course you wouldn't be in that boat having taken careful action.  It IS still viable - it's just that the parameters have changed.

    We all hate paying tax.  Dave and I could have a Ferrari each for the tax we have to handover to the government; but we make the money - let's not forget!  I'd rather be left with 50% or less of something than 100% of nothing!

    I can't subscribe to thinking along the lines of "Bl**dy generation rent - they've got the ear of the government, b&st&ards!"  Lol, my kids would laugh.  They are our children!

    I'm sorry but if we've done so well, we shouldn't be too upset about tax, even if we pay more than we used to.  As long as we're not going under - which with careful planning and adaptation should be possible for most!

    I think there's a real danger as we get older of falling into the trap of succumbing to our own thoughts that "things ain't what they used to be!" and then making choices on that basis to stop playing the game.  Recognise that's your choice rather than an imperative.

    Angela

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    Author of The Complete Guide to Property Strategies and The Complete Guide to Property Investing Success
    Learn more at http://www.completepropertysuccess.co.uk

    I also post property updates on my Facebook Page

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins


    I think you make a good observation on how I feel

    I once met a very interesting guy who was very rich and he said to me most Rich folk are lazy

    They think of ways to make money with out a lot of effort

    It took me a while to fully understand his point of view but I now get it

    I am lazy now because I have wealth and Now I think of making money with out leaving my home Maybe this is a natural progression of the route to wealth

    What I am doing today is quite different to what I was doing 5 years ago

    Hey I don't mind paying fair tax Paid my bills on time and that was that

    S24 is a very different taxation it goes against every rule of accountancy and that's my main issue

    I think any Business women and Man would see my point

    But what is done is done

    So I plan new strategy's away from BTL again I think this is normal in business

    The Council build a bus lane and we avoid that street find a new route

    The old dog learns new tricks

    The great days are finished every thing has a shelf life BTL is no different

    I invested in Video shops in the 1980s made a bit of cash sold up

    Now they are empty shops on a high st  or a charity shop

    BTL will go the same route as the Video shop because of Govt Policy

    The principles are as strong today as they have always been

    But if the Govt doesn't want us we will fall in number Its all down to Govt

    I have stated looking a Build to Rent Co to invest in

    This is the new market in property 

    I just get annoyed when I see the small working class investor shut out of the BTL market

    we had the opportunity and I am grateful for that

    I remember an old Tory advert in the 1980s and it was a Managing Director in the Dock at Court and the Judge said how dare you make a profit I am going to Tax you so hard and put you out of business I feel Landlords are now in the same Dock







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    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.


    I invested in Video shops in the 1980s made a bit of cash sold up

    Now they are empty shops on a high st  or a charity shop

    I drove past one that is still open yesterday Smile It keeps surprising me by still being there.

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