Academic question if I may. If a BTL landlord decides to sell up all his properties to invest in a pension, will he have to pay capital gains tax on the properties and then have only the net amount...
Type: Posts; User: Mick P
Academic question if I may. If a BTL landlord decides to sell up all his properties to invest in a pension, will he have to pay capital gains tax on the properties and then have only the net amount...
The BTL landlords would sell the small houses and use the money to buy themselves a nice big house to live in and that would push price upwards. If they didn't do that, they would use the money to...
I think that response could be described as thick as mince.
No - You just moan.
If you don't like the risk, live in a rental, it's your choice but you will continue to moan won't you.
Spot on, the worst problem is social media, it's the gloom mongers favourite weapon.
There was quite a good article in this weeks edition of The Sunday Times. Evidently the "experts" predict a 8% reduction in 2023 with a pick up in 2024 due mainly to lower interest rates and pent up...
Yes that may not be the most financially astute decision but it scores 10/10 for giving you the greatest peace of mind. I did that in 2004 and still regard it as one of the best decisions I ever...
Paying off a mortgage rarely makes financial sense however it induces a sense of pleasure that is hard to beat. I paid mine off 9 years early and have never regretted it.
This thread makes you lot look greedier than the politicians you spend half your life slagging off for being greedy.
Property has always boomed and busted. I can remember my old training instructor being worried sick about an impending property crash as his son had just bought a house with a 10% deposit and could...
That was precisely my strategy between the ages of 21-50. Max out every few years and live in a good sized house and bought a couple of BTLs on the strength of the main house as well. Then all debts...
Yes yes yes but just remember that the £160k reduces by the rate of inflation every year. So on a level of 10% inflation, the debt of £160k is the same as £144k next year. This was how baby boomers...
Yes there is always a winner for every loser.
Most sellers tend not to sell at low prices and just wait for the market to pick up. No one is going to take a financial hit unless they are absolutely forced to. This alone stops the market from...
There are loads of people sitting on piles of cash that is being eroded by inflation so they will be tempted to buy BTL on a cash basis and at least rake in the rent.
Also we have too many people...
I dare say people will upgrade and extend etc rather than move in a lot of cases. Estate agents suffer, builders do well, there are always winners and losers.
That must be a very expensive way of buying land but good luck to them.
How?
Actually it was Mark Twain who famously said "Buy land, they're not making it anymore.”
No matter what you pay today it will almost be worth more in say 10 years from now by at least 50%.
My first house cost £2750 in 1970 and someone sold it a few years ago for £265K. That was...
I would have thought that this is a good time to buy if you are a cash buyer.
The one thing about property is that we all know that our little overcrowded island has too many people and not enough...
Sorry mea culpa, apologies all round. I have deleted the post and thanks for pointing it out.
Yes I did think thrice about it but the term is regularly used to describe anyone in this place and hence I quoted it. Not good I agree. I forgot I was in the G & D.
I agree that there's too much gloom and doom when in reality many will do well out of a small spell of inflation.
However inflation is a world wide thing and it takes quite a long time to phase...