Reply to: Buy-to-let BOOM

[diseasex]

Um, asking your accountant is part of gathering requirements, if the question is related to your accounts!

I asked CUK instead. Bannanable offence. Throw a rock at me thee without guilt

[WTFH]

I didn't ask him because i'm still gathering requirements...

Um, asking your accountant is part of gathering requirements, if the question is related to your accounts!

[AtW]

Anyone know that if a property is taken via LTD and rented out (typical BTL or HMO) do i need to pay business rates? I overheard on this forum that it might be but google isn't explicit on this...

AFAIK business rates are only payable on premises used for business, so renting our residential property should not attract business rates, but if it's commercial property rented out then yes, you (or more like your tenant) will be paying business rates.

[diseasex]

What does your accountant say?


Is this the same property you were going to buy as a joint venture with your family member?

I didn't ask him because i'm still gathering requirements...

[WTFH]

Anyone know that if a property is taken via LTD and rented out (typical BTL or HMO) do i need to pay business rates? I overheard on this forum that it might be but google isn't explicit on this...

What does your accountant say?


Is this the same property you were going to buy as a joint venture with your family member?

[diseasex]

Anyone know that if a property is taken via LTD and rented out (typical BTL or HMO) do i need to pay business rates? I overheard on this forum that it might be but google isn't explicit on this...

[DimPrawn]

I call it short term reckless lending.

Don't worry, they will get a tax payer bailout when it goes tits up, so it's win-win.

[AtW]

Note to AtW - This is called business acumen. Look it up!

I call it short term reckless lending.

[NigelJK]

You shouldn't be taken in by (deliberately) badly presented statistics.

Radio 4 more or less on those self same statistics (and more)

[PurpleGorilla]

Buy-to-let BOOM

If you could quadruple your day rate and the client would pay it, would that be greed?

Where does the money come from to do that?

Bottom line is some lose for others to gain. Capitalism has gone so foxtrot oscar that a few billionaires laud it over everyone else. If you don't fight against the inequality; who will?







In answer to to your question. I don't know. It's hard not to be seduced by a juicy carrot.

Buddha said that you can do great things with lots of wealth. So ultimately perhaps that's what counts?

[The Spartan]

If you could quadruple your day rate and the client would pay it, would that be greed?

Not at all that would be called, business sense

[DimPrawn]

Some would call it greed.

If you could quadruple your day rate and the client would pay it, would that be greed?

[PurpleGorilla]

Make hay whilst the sun shines. Paragon saw a good business opportunity (ZIRP + mass immigration + NIMBY's) and made a killing lending to the BTL brigade.

Note to AtW - This is called business acumen. Look it up!

Some would call it greed.

[DimPrawn]

Make hay whilst the sun shines. Paragon saw a good business opportunity (ZIRP + mass immigration + NIMBY's) and made a killing lending to the BTL brigade.

Note to AtW - This is called business acumen. Look it up!

[PurpleGorilla]

Pass the bucket, so I can fill it with vomit and kick it down the road.