The house that MF built

[Old Hack]

I'm expecting £125k/£135k when both are completed. Anything more is a bonus. Anything less is a pisser.

I think £125 in the mitts for the end now mid terrace, and around £130 in the mitts for the new end terrace would be doing well, from what I understand of the market. I reckon you should look at £125k for each, you're going to have to pay 1.5-2% to an agent and 40% tax on the profit. You're looking at walking away with 10k.

Now, if you find any nasties....

[Old Greg]

Baring in mind my Sister

You need to start that sentence again.

[MarillionFan]

I think £125 in the mitts for the end now mid terrace, and around £130 in the mitts for the new end terrace would be doing well, from what I understand of the market. I reckon you should look at £125k for each, you're going to have to pay 1.5-2% to an agent and 40% tax on the profit. You're looking at walking away with 10k.

Now, if you find any nasties....

It's in joint names. Double capital gains. 1st property makes a loss. If I choose to sell, I would sell property 1 first to make a capital loss to offset the capital gains on the 2nd over two people.

CGT is not 40% anymore. Trowbridge agent is 1%. It's cheap there. Come on, you know this tax stuff shirley?

[Old Hack]

It's in joint names. Double capital gains. 1st property makes a loss. If I choose to sell, I would sell property 1 first to make a capital loss to offset the capital gains on the 2nd over two people.

CGT is not 40% anymore. Trowbridge agent is 1%. It's cheap there. Come on, you know this tax stuff shirley?

1% No chance, not on that low a value. You've have a case if it was a £300 detached house, but not a small terrace. Straight from the horses mouth.

You're allowed 10,000 odd each capital gains. Haven't you already used that this year? I know I have.

By the way, you know how CGT works on house sales dont you? You bought the terrace for, I believe, £141k? Yes? Say you sell both for about £250k. Capital gains is on the £109k - what you've spent. Say you spend £80k, that leaves 6.5k CGT.

It doesn't matter if you split the sale, it would be the amount you make on the property itself, which includes the new house. There are plenty of ways to mitigate your losses, but you will pay, as these, on your own admission, are not your own houses, but for investment purposes alone.

[MarillionFan]

And we're off.

Bricks ordered. Building regs contacted. Utilities approached.

Making a start on the 9th September. Expected 14 week build, ready for Xmas they said(I'll like to see that)

Pics to follow over the build, starting with ground zero next month.

[norrahe]

And we're off.

Bricks ordered. Building regs contacted. Utilities approached.

Making a start on the 9th September. Expected 14 week build, ready for Xmas they said(I'll like to see that)

Pics to follow over the build, starting with ground zero next month.

Xmas which year?

[Halo Jones]

And we're off.

Bricks ordered. Building regs contacted. Utilities approached.

Making a start on the 9th September. Expected 14 week build, ready for Xmas they said(I'll like to see that)

Pics to follow over the build, starting with ground zero next month.

Good luck, who have you appointed as CA?

[MaryPoppins]

I hope you responded appropriately to the bulltulipter poll, MF.

[Paddy]

And we're off.

Bricks ordered. Building regs contacted. Utilities approached.

Making a start on the 9th September. Expected 14 week build, ready for Xmas they said(I'll like to see that)

Pics to follow over the build, starting with ground zero next month.

[Builder’s sharp intake of breath] “Who ordered this lot then. Wrong type of brick, wrong sand.” “Got another job up the road to finish first”

[MarillionFan]

[Builder’s sharp intake of breath] “Who ordered this lot then. Wrong type of brick, wrong sand.” “Got another job up the road to finish first”

Bloke wants cash on delivery, no questions asked and dropping off at midnight.

Cushty.