Updated on May 11, 2018 by admin
Over the past three years, the number of buy-to-let landlords investing in commercial properties has tripled.
In recent times residential landlords have been hit by numerous buy-to-let changes, which has resulted in many investors searching for ways to give their portfolios a boost by venturing into the commercial property markets and targeting businesses who want to rent an office. Below are some major changes to be discussed.
The Government announced earlier this year that the stamp duty would be increased for those purchasing second homes, which included buy-to-let properties. Landlords, as of April this year, are required to pay a stamp duty surcharge of three percentage points higher than previous rates on buy-to-let homes.
For example, if prior to 1 April 2016 you purchased a second property for £500,000, the stamp duty you would have paid would be 0 percent on the initial £12,000, then 2 percent on the next £125,000 and then 5 percent on the £250,000 remaining, which adds up to £15,000 in total. However, the new respective rates are 3 percent, 5 percent, and 8 percent. This will double the tax payable amount to £30,000 on this property.
The new rule was implemented in April of this year which means landlords will only be able to claim costs of wear and tear that have been incurred.
Landlords under previous rules were allowed an annual allowance deduction for wear and wear from taxable profits, regardless of the amount that was actually spent. You will now be required to provide itemised receipts in order to deduct these costs from your taxes.
The Chancellor announced a capital gains tax as part of its 2016 budget, but the cut is not being applied to landlords.
The basic capital gains tax rate has been reduced from 18 percent down to 10 percent, with the higher rate falling from 28 percent down to 20 percent. The profits earned on assets like shares and stocks will be subject now to these lower tax rates, but this is not true for properties. Homeowners and landlords who sell property will be effectively subjected to an eight percent surcharge that won’t be faced by those who are selling other types of assets.
George Walker, a commercial auction partner with Allsop property auctioneers said that many investors are coming into the market due to the changes made to buy-to-let. After purchasing their first one, they want to do it all over again due to how simple it is.
Over 100,000 landlords purchased properties via limited companies last year, with limited company lending accounting for 30 percent of total buy-to-let purchasing during the first half of this year.
Experts are predicting that buy-to-let mortgages via limited companies will surge in 2018, with landlords looking to avoid mortgage lending charges and heavy taxes.
However, if the government were to clamp down on these growing trends, it could cause residential investors to follow and …
Updated on December 1, 2017 by admin
In this article we want to take an in depth look at an Internet business opportunity known as Maverick Money Makers. People have been making money online since 1997 with this opportunity and here are a few reasons why! Mack Michaels is the founder of Maverick Money Makers. He was tired of having a boss tell him what to do and he knew other people felt the same way as he did. He was also tired of all the time he sent commuting back and forth to work and the time he was away from his family.
The internet was making other people a lot of money and he wanted to stay at home and work online. After looking around he decided to create the perfect money making opportunity. If you are at least 18 years old with a strong desire to make money you can do it right right now with Maverick Money Makers. Mack was able to create an opportunity that allows you to do this without building your own website.
You can make money anywhere in the world promoting Maverick Money Makers yourself. And you can do it on a part time base around your own schedule. You earn anywhere from $ 20 up to hundreds of dollars on every person you refer to the business opportunity. The program is a system that teaches you how to make money regardless of your current experience. They give you a blueprint that offers a step by step guide including video training and how to promote various types of products online.
Their system has sustained itself now for over 10 years because of their 24 hour support desk and hands on training when you need it. You can work at your own pace and get help whenever you have a question. Some people are afraid of talking to customers and you never have to do that with Maverick Money Makers. You do not have to use the phone because you to promote your own website and then let their system take over from there. You also get access to their private members forum where you can interact with other members who are building their business just like you. You get your own personal account you can log into access marketing materials and to view you stats and income you have made.
In summary you can learn how to create a full time internet income with Maverick Money Makers if you have a desire to do more with your life. This established internet business is one anyone can quickly learn to make money online with. Keywords: Maverick Money Makers, make money online Summary: In this article we want to take an in depth look at an Internet business opportunity known as Maverick Money Makers. People have been making money online since 1997 with this opportunity and here are a few reasons why! …