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Where Taxpayers and Advisers Meet

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by guardog
Tue Sep 29, 2015 12:57 pm
Forum: Income Tax
Topic: Membership of Gym & Healthclub
Replies: 2
Views: 604

Membership of Gym & Healthclub

Hi Could someone help on this please. My company is thinking of paying for a corporate membership of a gym/heath club. I presume that this is tax deductible by my company but will I be charged to tax on my P11D. I have seen quite a few articles on this, albeit quite old, and some say yes there will ...
by guardog
Tue Sep 22, 2015 2:58 pm
Forum: Property Taxation
Topic: Mortgae on own porerty to buy BTL
Replies: 4
Views: 1072

Re: Mortgae on own porerty to buy BTL

Thanks for that and yes I did speak to my accountant before hand. Of course no one knew at the time what Osborne had in mind otherwise things would have been somewhat different. He did point out that the only we would be able to get the full tax relief on the amount we put up and that the children c...
by guardog
Tue Sep 22, 2015 1:45 pm
Forum: Property Taxation
Topic: Mortgae on own porerty to buy BTL
Replies: 4
Views: 1072

Re: Mortgae on own porerty to buy BTL

Firstly thanks for your prompt response. Both children are over 18 and both put in amounts equally for the deposit as we did, so all 4 of us put in the same about. In addition to make up the required deposit we also put in a substantial sum to bring the deposit up to the level that would enable all ...
by guardog
Tue Sep 22, 2015 12:36 pm
Forum: Property Taxation
Topic: Mortgae on own porerty to buy BTL
Replies: 4
Views: 1072

Mortgae on own porerty to buy BTL

Hi I wonder if anyone can help me. I took out a mortgage on our own property with my wife during the tax year 2014/2015. The proceeds were used to purchase a BTL and I understand that the interest will be an allowable deduction for that particular year. However we bought the BTL in not only our name...
by guardog
Thu Jul 03, 2014 5:04 pm
Forum: Property Taxation
Topic: Wear & Tear& Capital
Replies: 1
Views: 486

Wear & Tear& Capital

Hi I have looked everywhere for an answer for this but have not yet found one either in the forum or on the web. I am hoping that someone will be able to just tell me what to do. I understand the W&T allowance perfectly - no problem but when I come to sell the buy to let property can I add the cost ...

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