X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Property-a-holics

    Reasons I am feeling positive about BTL!

    I agree 80% tax is way more than any individual or company should ever have to pay. This is why I work so hard to keep my "Business" as tax as efficient as possible.

    0
    0

    I have just posted  a Blog and you will see my own story of BTL

    I too have altered my Business and I can cope with S24  but I know any income I take one way or another will be taxed at over 55% ish from my company

    Why is it I see possible dangers and others don't

    If Labour comes to power Corporation  Tax will go up so even a company is not protection to further tax rising measures

    and the Loophole that's there now may even be closed

    0
    1

    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.


    ``Why is it I see possible dangers and others don't ``

    This is arrogant DL -  Hundreds of other people  see it as well as you

    Either because you kindly  tell us about it or we known  already for the past year + through our own DD

    Its only my  reaction which  is so different to you  - That`s all

    1
    0

    Jonathan Clarke. http://www.buytoletmk.com

    Your tax bill was 80% you took positive action to  reduce to say 40%

    A boiler went down on me I took positive action to get the boiler man out

    A roof tile gets  cracked and I took positive action to get the roofer up there etc etc

    Life is a series of problems . I stubb my toe , my car wont start my milks gone off

    Its never ending throughout your life . . Problems that need solving will always occur 

    ` Life is difficult` as Dr M Scott Peck said in the Road Less Travelled

    Its the first words in the first chapter

    Its the  discipline of dealing with that pain which is important

     Once you accept life is difficult it doesn't matter

    You can approach all these negative things with a positive spirit

    3
    0

    Jonathan Clarke. http://www.buytoletmk.com


    If S24b comes with the next Labour Govt you will need to see a Doctor JC

    when it puts you out of business

    Its quite Possible S24b will come  in the next my guess 7 years  and you can guarantee that CGT rates will rise too

    so even if you sell up and take the gains you could walk away with very little


    0
    1

    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.

    ``If S24b comes with the next Labour Govt you will need to see a Doctor JC when it puts you out of business Its quite Possible S24b will come  in the next my guess 7 years  and you can guarantee that CGT rates will rise too so even if you sell up and take the gains you could walk away with very little`` 

    Oh dear I am sorry ...You`ve been having one of your debilitating negative nightmares again DL. If you think i will walk away with very little that means you must  have busted into my study and been radically altering my spreadsheet you naughty person you....And of course if I do by some quirk of fate get very little you will be unfortunately made bankrupt i guess because of that  depressing  obligatory no growth rule in the NE.... At least i have a SE  equity blanket  to comfort me in my old age

    0
    0

    Jonathan Clarke. http://www.buytoletmk.com

    Read my latest Bloggs

    0
    0

    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.

    Lazy reply DL - Perhaps its the French influence affecting you today

    You represent 0.1% of LL`s

    And you don`t know my position

    And therefore you cannot possibly diagnose

    I am positive about that


    1
    0

    Jonathan Clarke. http://www.buytoletmk.com

    The way I look at it is that , we have rough seas at the moment and as long as you have deep pockets or plans in place to ride through it, there is a promising future.

    It is like facing the prospect of winter knowing well that if one could brave through it there would be longer spells of sunshine as spring.

    Hope people can maintain the positivity long enough to see the other side.


    0
    0

    I am now talking about my business not an over view of the PRS

    My Business this year will make more profit than it has ever done before from Cash flow

    I look for repairs to bring my Tax Bill Down A void also saves me tax

    One third of my Business is only one third of the money I bring in and 75% of my lending is is fixed long term

    I have been increasing rents where I can I now no longer take DHSS UC because I can get more from working tenants

    Yes I will pay more Tax But I can cope with this aspect

    I have chosen Pensions to invest in and I will claim back what Tax I can because of S24 so I can look forward to a pension income in 7 years

    S24 has made me use a Company and I am selling property I own into my Company

    The Company also dose my Management and repairs  and this gives the Company a good income stream  to fund a Salary for my wife 8k Tax free and it pays into her pension

    apart from S24 which is a pain what is there not to like about being a Large Landlord

    I can not Grumble every this is fine in my own world

    I refuse to comment now on the PRS in general

    BTL has given me a really nice life so what more do I want


    0
    0

    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.