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Recent content by Tool
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Telling Your Mortgage Company Your Renting Your House Out
The most important thing is to tell your insurer about that. Otherwise, in case of a claim, your insurer will probably find out about it and will not pay, esp. if the claim is large. Always tell everything to your insurer! Tool -
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Buy to Let
Yes, as long as you put a high deposit! Anyway, a lender will only lend you as much as you can repay by letting the property. They are very strict about that. It is still possible to lend 85% of the house value in some regions, like the North... Be extremely careful about people trying to sell... -
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Take-home / net pay
Hi, I do some "dodgy" stuff (ie. dividends) with my ltd, and I take home about 85%. AFAIK, the best way to save on taxes is the following: - register to VAT and flat rate scheme, so you can do some extra quids - pay yourself a low salary to fill up your personnal allowance - pay yourself...- Tool
- Post #4
- Forum: Business / Contracts
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Property Investment through Ltd
The first 10k story was true before, but this is no more the case now. Using a ltd is interesting if you buy (maybe develop) and then resell quickly. The proceeds of this activity will then be considered as earnings, which attracts NIC. Making a profit when reselling the property is then not...- Tool
- Post #2
- Forum: Accounting / Legal
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Run my own accounts and payroll - advice please
Advice: get an accountant. Because: - an accountant is much less likely than you to mess up your accounts - an accountant is knowledgable and will give you good advice - an accountant will deal directly with the relevant authorities and knows how to handle them - HMRC is more likely to...- Tool
- Post #3
- Forum: Accounting / Legal
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Non Residency
AFAIK, that's correct provided that you stay out of the UK for 5 tax years. You also need to close the company in a tax year where you are not resident anymore (eg: fly off April 1st and close company April 6th). Basically, non-resident are not taxed on capital gains, but they must be...- Tool
- Post #3
- Forum: Accounting / Legal
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Gordo's action against "artificial" companies
Hi SA, I assume you run a ltd. The best way in your case would be to keep a few cash in your company for your expenses (accountant, etc.) and to pay all the rest as a salary. This is, I think, the best way to maximize your tax liabilities. You will then probably be very happy, when you look at... -
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Linux Ubuntu NIC Problem
You all forgot the most important step: 19 - Reboot -
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Linux Ubuntu NIC Problem
Broadcom never publish the specs of their devices, and thus it is almost impossible for open-source developer to develop drivers. You may have a look at http://ndiswrapper.sourceforge.net/. Cheers -
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Interest on Bank Accounts
As far as I know, you can wait up to 9 months after your tax year end to pay CT. Does the HMRC also pay you interests for this period?- Tool
- Post #7
- Forum: Accounting / Legal
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IT contractor friendly mortgage lenders
And do not apply for another mortgage in the meanwhile! Everything is recorded on your credit history! -
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IT contractor friendly mortgage lenders
You should. Whatever your situation is, you will get a better deal through a mortgage broker, and things will be smoother through a mortgage broker (normally!) Not all mortgages brokers are equal, though. But wait a bit for Nationwide's decision. If you pull out, this is recorded on your credit... -
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IT contractor friendly mortgage lenders
I got my mortgage with Nationwide very easily. Are you using a mortgage broker?
