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Neil Finlay
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Recent Activity
Small thing and I’m sure it’s just a typo, but it was £300 a year not a month, which makes your point even stronger 👍🏻
From:
Neil Finlay
20 October 2023 08:43 AM
“Less tax for landlords” must be busy this morning!
From:
Neil Finlay
06 October 2023 11:23 AM
its up there with the "What have the Romans ever done for us" comment! 😂🙈
From:
Neil Finlay
03 January 2023 20:31 PM
There was nothing new or enlightening in the article - just an advert for OPG to buy your portfolio - they probably paid for the "story"
From:
Neil Finlay
22 December 2022 09:17 AM
There is no IHT liability as the asset is owned by the LLP and not you, your estate outside of the LLP is obviously subject to IHT, but with proper planning that should be minimal.
From:
Neil Finlay
13 September 2022 07:48 AM
A couple of other options - if your "Managment / Refurb company" made a loss you can offset that against the other companies profits - your only paying tax on the profit not the turnover - Other option which I have gone down is an LLP - problem with a Limited company is that whilst corporation tax is lower than higher rate threshold you still get taxed as and when you wish to withdraw funds from it - assuming its not a Directors loan repayment. With an LLP you can withdraw much more flexibly between the partners, subject to where they are at. Also if you look at all the big accountancy / legal firms & all the great & good in the dark corridors of power they all operate LLPs & thus (in theory) far less likely to change the tax law in the future to screw themselves. Also has benefits if you wish to pass on the portfolio to children etc as they can be brought onboard as partners as and when suits.
From:
Neil Finlay
12 September 2022 20:12 PM
Just out of interest, and whilst i love a little rant on the echo chamber that is landlord today - have any of you written to her with your views? natalie.elphicke.mp@parliament.uk
From:
Neil Finlay
07 September 2022 11:44 AM
Perfect example of those hateful, money grabbing landlords shelter always seem to come across!!! 😉😂👍🏻
From:
Neil Finlay
07 September 2022 11:38 AM
Hi Jo, I have multiple Student HMO's the difference for me is that they all arrive & depart at the same time, so my AST's have utilities included up to a fair usage cap per month and then at the end of the tenancy if they are over that they split the excess equally between them, that allows me to provide utilities, but protects me from significant over spend (in days of old it used to be heating on, window open etc now it just seems to be excessive rate hikes)
From:
Neil Finlay
07 September 2022 11:36 AM
I disagree, the “orientation” of a person has nothing todo with your point. More how “sexually active” they are…..do you actually ask your prospective tenants that or do you just have a clause in the AST limiting their ability to move people in 🤔
From:
Neil Finlay
30 June 2022 10:16 AM
I can’t help but feel this is just another content filling article, in a vain attempt to keep Generation Rent in the headlines. “We asked 10 people from a minority group if they had experienced discrimination in their life & 6 said yes” = all landlords are clearly homophobic, transfobic, racist, sexist, anti ….. I wonder if they run the same campaigns in other areas……I mean does “Dentist Today” get the same kind of twaddle 🤔🤷🏻♂️🤦🏻♂️
From:
Neil Finlay
30 June 2022 07:50 AM
Shame I can't put the names up of the numpties at HMRC who, after six months have still failed to credit me the 7.8k worth of tax rebate. One response last week started "sorry we have been delayed because of covid..."....you will all be relieved to know that covid didn't however cause any delays when they send out my tax bill!!
From:
Neil Finlay
21 June 2022 15:43 PM
I wonder if having now having paid the fine & the compensation etc, if the landlord now goes down the ccj route for the outstanding rent....I would
From:
Neil Finlay
19 May 2021 14:52 PM
I have the same issue in Liverpool all 13 of my HMO’s have licenses and selective where relevant, not once have I had a visit, inspection or any input what so ever......just over 10k’s worth of fees though!! Guess what happens next....housing department & bulk of council gets taken over by central government for corruption and back handlers! 🤷🏻♂️🤦🏻♂️😂 of it wasn’t so hypocritical it would be funny!
From:
Neil Finlay
05 May 2021 21:32 PM
John, whilst I agree with what you say partly, when you say “ridiculously expensive alterations” does the cost of fire doors, self closers & fire alarm system not pail into insignificance when you put it against a cash flow forecast of renting out the house as a four bed....of you took, for example the figures Paul used 🤔🤷🏻♂️
From:
Neil Finlay
27 October 2020 09:22 AM
Suzy, i think most student AST's (certainly all of mine) are 12month fixed contracts...giving both sides the required security. I totally agree a six month break clause can be included after an initial period if that suits both parties outside of a student world.
From:
Neil Finlay
31 May 2020 12:15 PM
As a parent paying for your child's accommodation it is clear which side of this discussion benefits you the most - hence your original supposition. As a landlord, the bulk of my portfolio being Student HMO's i can assure you, that i have more quality hoops & checks to meet than those properties that are let to non students. Having not had a void period in the last 18 years since i started being a landlord & having "Gold Standard" properties across my portfolio, i would suggest that if "from your experience....you're child is not receiving good value and is a pretty soft target" that says more about you & the quality of accommodation you chose to house them in. Back on subject, all of my student AST's have a parent as guarantor and only two have enquired about ending their AST early, well one rather informed me that she was giving me my months notice "and as a fellow landlord she knew her rights"...having pointed out all of the salient points (most of which have come out in the above discussion) coupled with the fact that her sons possessions were still in the house and no keys had been returned, she soon changed her mind, what saddened me, was the holier than though attitude that she was absolutely in the right and "how could i possibly be looking to capitalise on a global crisis", on the other hand, a parent emailed me to say his business had fallen off a cliff, he was struggling to keep up vital payments and could he work something out with me, after a five minute call, we agreed to end his sons AST there and then, no further rent payments due and that his son could access the property at some point in the future when lockdown allowed to retrieve his kit and clean the room...... I guess the moral of the story is: the way people deal with you has a direct effect on how you deal with them ! Thats not rhetoric....just a statement of facts.
From:
Neil Finlay
31 May 2020 12:06 PM
As long as you don’t want to buy in Liverpool! 🤦🏻♂️
From:
Neil Finlay
06 November 2019 10:05 AM
Paul, you talk utter rubbish! I think you need to polish your crystal ball better ! 🤦🏻♂️
From:
Neil Finlay
11 March 2019 14:43 PM
What a lot of twaddle.....did they somehow miss Liverpool???🤦🏻♂️
From:
Neil Finlay
05 September 2018 11:36 AM
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Neil's Recent Activity
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