Credit Cards

There are a couple of things that you will need a credit card for – usually paying for the mortgage valuation is one such cost early on in the buying process. A newly formed company will unlikely be able to get a company credit card initially – it has no credit history. income or assets! […]

CT61

The qualifying criteria Three things need to happen for CT61 to apply: You company is borrowing the money From a natural (i.e. real) person or a foreign entity, & Interest is actually paid If you have a tick on all three of these, CT61 applies. What does that mean Firstly, we need to be informed […]

Angels from Heaven, Angels from Hell

Having started investing in 2008, I pretty soon lost all my money – and all the banks money! It took a few years to pay back the credit cards and save up some money. When I started again, I had £20k saved up. Enough to get started but not enough to build an empire. for […]

Cash flow management – Part 2

Having aligned all your monthly outgoings as noted in Cash Flow Management – Part 1, there is still some improvements to be made. Annual costs Some costs like insurance & professional associations can be paid annually. Much like the monthly systems, these are all paid together at the same time each year. Again, it makes […]

Cash flow management – Part 1

I went through a stage where I was buying properties like my life depended on it. How much money I had in the bank (or more correctly – how much overdraft was left over!) was never considered. Whether you are pushing it to the edge or whether you are going along sedately, it is worth […]

Payroll

So you want to get paid? There are a few things about payroll you need to know about: No need to register If you earn £6,000 or less in a year, there is no need for your company to formally register for PAYE. You will need to be registered for Self-Assessment though! Registering for PAYE […]

Can I transfer my property to my company?

We get asked this often and the short answer is – yes. But you might have to have some very deep pockets! You as the seller Where you are selling a property, it will be subject to capital gains tax unless it is the home that you live in. The tax payable will depend on […]

Leased cars

Let me start by putting on by investors hat: Most people spend far too much on their cars. They are a depreciating asset and ego and emotion gets involved – and at a cost. As a property investor – especially when starting off – your funds should work hard for you in an income producing […]