"Tax reduction" is a general term. You and the agent may refer to different subjects.
The correct statement : "The tax relief that landlords of residential properties get for finance costs will be restricted to the basic rate of Income Tax, this will be phased in from April 2017."
It impact on 40% tax band payer or marginal case. Example given in my reply to first comment above.
Manchester city center is just a bit larger than one postcode in London. So focus on city center, not more than half km outer would be fine. This is better rule than postcode because some postcode with one end close to city but other end far away.
Would you mind sending me your prefer letting agency who charged reasonable % and can manage properties well. I am new investor and would like to let houses, not apartments out. Thanks
I have complained my agent twice in last six months, not worth to recommend. Similar to solicitors, all agents are quite the same the the performance is far from what we expect. This is the market norm, so wr have to adapt it.
請問2020年按息不能免稅影響有多大？謝謝
ReplyDelete並不是按息唔可以免稅，只是影響徵收40%税率的那部分收入。
Delete計法是先收40%稅，再扣減20%稅率。例子：
如淨收入(扣減所有開支，但不包括按息) 有10k進入40%稅階，而按息支出亦是10k。
現時計法：徵收40%收入部分是零。
2020年計法： 10k x (40% -20%)= 2k。
對已進入40%稅階人士，新計法下會大大降低額外的租金回報。舉個例子：75%按揭，按息3%，租金回報4.5%或以下，除稅後淨回報會負數。所以買倫敦樓個啲真係要諗清楚。
congraz!!
ReplyDelete大家甘話,你個間都升佐唔少囉。
Delete讀了你的blog
ReplyDelete學習了不少
打算嘗試自己上網在Manchester買及管理
可否介紹律師和管理公司
十分感激
Hi May I know your e-mail address?
ReplyDeletecan you recommend a letting agent to me? Im interested to invest a property in Manchester but I have no idea which agent is good. Thank you so much!
ReplyDeleteHi, 有一事想請教師兄。想問下係英國買樓收租的income tax有無Allowance?
ReplyDeleteIs mortgage interest expenses deductible?
非英國居民沒有免稅額.
DeleteMortgage interest is tax deductible.
謝謝！其實聯絡過當地經紀。佢話新稅項措施沒說non resident landlord 有tax reduction. 我擔心若找他管理租務會食左我的return。
Delete另外，我查過不少網頁，發現新的改變只對40%或以上稅階的人先有影響，不知是否正確？
"Tax reduction" is a general term. You and the agent may refer to different subjects.
DeleteThe correct statement :
"The tax relief that landlords of residential properties get for finance costs will be restricted to the basic rate of Income Tax, this will be phased in from April 2017."
It impact on 40% tax band payer or marginal case. Example given in my reply to first comment above.
Thanks!
DeleteAlso 可以介紹你的買樓網站及agent嗎?
ReplyDeleteRightmove or Zoopla.
DeleteThanks.
Delete若可以，請回覆至klpl1229@gmail.com
ReplyDeleteHi, can you tell me which area post code in Manchester will be good for investment
ReplyDeleteManchester city center is just a bit larger than one postcode in London. So focus on city center, not more than half km outer would be fine. This is better rule than postcode because some postcode with one end close to city but other end far away.
DeleteWould you mind sending me your prefer letting agency who charged reasonable % and can manage properties well. I am new investor and would like to let houses, not apartments out. Thanks
ReplyDeleteI have complained my agent twice in last six months, not worth to recommend. Similar to solicitors, all agents are quite the same the the performance is far from what we expect. This is the market norm, so wr have to adapt it.
Delete