Online payment system for blog
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
-
Popular Contributors
-
1
-
2
-
3
-
4
-
5
-
-
-
Latest posts...
-
161
-
-
49
Middle East Israeli forces kill 63 Palestinians in Gaza within hours of ‘humanitarian pause’
Someone please tell me why Hamas don't stand down and return the hostages. Why are they prolonging the agony? They could have saved tens of thousands of civilian lives months ago when it became clear they cannot participate in the Gaza afermath, as per EU, neighbouring gulf nations and of course the US and Israel. So why stick around? While at it, please advise why distributing food aid is so dangerous for Gazans, unless it is given to Hamas mongrels to control. You might have to challenge your media narratives to work this out, but am sure some of you can do it. -
49
Middle East Israeli forces kill 63 Palestinians in Gaza within hours of ‘humanitarian pause’
Aren’t Jews and Palestinians basically the same ethnicity but just from different tribes? Maybe 2000 years ago. But most Israelis nowadays look very European. Maybe that transformation happened during the tens of centuries that they were scattered throughout the world. Have a look at the ethnic (and religious) makeup of Palestine before the Jewish diaspora started to return in the late 19th and early 20th centuries. -
20
A Sunday and Monday in the US?
Posts with no link or unverified sources removed. Reddit is not a credible source. -
164
UK Flat – Sell or Keep Renting? Expats Who’ve Been There – What Did You Do?
I prefer to never offer advice regarding finances or investing as everyone's circumstances are different. All I can do is offer what I have done. I bought my house in 2001 and lived in it until retiring in 2012 at 49yo. I then left the UK and rented the house. 3 sets of tenants throughout and the last were the best, although none were bad. I consider myself fortunate as you do read some horror stories. I did the whole renting process using an estate agent which cost 12% of income per year and the house spent little time empty between tenants. The agent dealt with all necessary contractors and tenant checks. I'd also acquired a NRL1 letter from HMRC which allowed my rent to be received tax free from my agent. As an expat my income was supplemented from time to time from funds from my ISA until the mortgage was paid off in 2018. I'm currently around 4 years away from UK state pension age and have already topped-up my NICs remotely via HMRC's website, so expect close the maximum, although I did contract out of SERPS in the 80's so yet to determine the precise amount when it finally comes. I do intend to take it immediately, as if deferred will take close to 17 years until break-even. Back to the property .. More than ever since Rachel Reeves' Autumn budget last year I wanted to sell. I was stunned she did not raise the higher rate of CGT from 24% back to 28%, instead she raised investment CGT in line. With the gradual decline of positives being a landlord and the looming Renters' Rights Bill made this a no-brainer for me. I wanted out. Around October last year my tenants were formally given 6 months notice to vacate (only two were required, but they were great tenants). Then, during the first week of 2025 my house went on the market. It has now sold and the proceeds received. I'm now dealing with NRCGT and the filing, which requires software to be purchased. I employed the services of an ex-HMRC CGT expert instead. I am halfway through the 60-day filing requirement period and it is still not complete, but no issues are foreseen. The rebasing method of calculating the NRCGT is vastly more preferable to the apportionment method in my case, but this required a verified property value estimate for the date of 6th April 2015 as the bulk of the gains occurred prior to 2015. Following 2015 the gain is primarily inflation, for which you/we are taxed. Now I am no longer an overseas landlord I feel immensely relieved to be out. Once the NRCGT filing is complete I will feel even more relaxed than I have in years. The funds will be drip-fed chunks at a time into my GIA where I can quite easily exceed my rental income via safe(ish) investments with no water leaks, dripping taps or heating issues. Around 50/50 between equity and bond/debt style investments which will take my overall investments to around 80/20. My rent-to-value percentage was just below 4%. Am I content and happy to finally be out? - Damn right!
-
-
Popular in The Pub
-
.thumb.jpg.bc523c85a8d558dbc282dca7a2e602c9.jpg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now