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  • Tax

    I can't retire .... because I am a Landlord!

    I think it only to married/civil partners, but perhaps someone else could confirm this.

    The only downside to Form 17 usage is the loss of joint CGT allowances when selling a property.

    This is why I haven't made use of this option.

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    Deed of Trust - is this something that you need to pay a solicitor to produce or can a reasonably competent person use a template and create one that will hold up to scrutiny?


    If the latter, is there a "go to" source for such a template please?

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    What about using the tax free cash to pay down some of the debt and thus reduce the effect of S24?

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    Landlord with 25 years’ experience in the property market and a specialist in tenant referencing ID and credit screening. Creator of identity, credit and anti-money laundering system ValidID.co.uk


    I have thought of that too and I think its a good plan Chris

    but he is in long term fixed rate mortgages due to s24 but I know a lot of lenders allow 10% over Payments so he may use that route

    Its a bugger he is really annoyed this morning with good reason



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    Learn Change and Adapt ?????

    I bet he is I am none too happy to be honest!

    Don't forget if you utilise his 10% over-payment he can do that for all his mortgages not just one.

    (sorry not teaching grandmother top suck eggs! lol)

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    Landlord with 25 years’ experience in the property market and a specialist in tenant referencing ID and credit screening. Creator of identity, credit and anti-money laundering system ValidID.co.uk

    Chris I think we are all learning new Tricks today

    so every bit of advice is welcomed

    You have a good Day

    Regards DL

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    Learn Change and Adapt ?????

    Hasn't he got a case against his Human Rights that could be funded by Legal Aid ?

    - just a bit of lateral thinking here and it may be so lateral its off the page ?

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    that's a thought  Chris

    you have been giving this some thought

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    Learn Change and Adapt ?????

    Thanks for that LOve I will send the link to him

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    Learn Change and Adapt ?????