The joy of being a landlord

Soldato
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1 Apr 2014
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18,855
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Aberdeen
The point of placing the house in my name or a company name, I'll will have to pay stamp duties no matter what as it's a second home.. but the stamp duties on a company buying a house could be more.

It's issues of liability and tax and the long term that should be your focus. Remember that with a company ownership, you pay everything gross of tax whereas with personal ownership much has to be paid after tax. Against that there may be VAT registration, accountants, and whatnot. Again, you should take professional advice.
 
Soldato
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1 Apr 2014
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18,855
Location
Aberdeen
The problem is that there are insufficient properties close to where people want to work. There are plenty of properties here in Aberdeen but there are no new jobs that aren't state-funded and property prices are continuing to fall. The recent announcements by the SNP and (Scottish) Labour haven't helped: I've just been told that thanks to them there's going to be no new investment (by unspecified but probably oil & engineering companies) for at least 3 years. That means no new jobs and probably redundancies. Union Street is pretty deserted. If only politicians - both national and local - could get a clue and create opportunities for businesses to move or set up here. Instead they're blocking rates decreases, faffing around with blocking cars from central Aberdeen with bus gates and ULEZ zones, and generally being useless.

You can buy a one-bed flat in central Aberdeen for £37500. Another flat in Torry (just the other side of the river Dee) is on offer for offers over £19k. These are properties that people on low wages could afford - if there were jobs. And there are many more under £50k. But the politicians are busy screwing over Aberdeen. Aberdeen needs something to take over from oil. But no one wants to set up here. And a major local property developer has gone bust.

And (rant contd. p97).
 
Soldato
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Joined
1 Apr 2014
Posts
18,855
Location
Aberdeen
Do many of you guys unironically watch Mr Mog?

This says more about you than Mogg. Did you actually listen to him? Whether or not you agree with him we need open and honest debate. That means allowing him to speak and debating the issues however much you dislike him, not treating him with contempt.

Do you actually have any arguments against what he says?
 
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