ASK159: Will this tax loophole be closed? PLUS: How much value will planning permission add?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.8 • 2K Ratings

🗓️ 23 October 2018

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another Ask Rob & Rob - that time of the week where you send in your property investment questions and the Robs give you the answers. First up we have Adam from London. He already has a 2-bedroom buy to let investment property in Cheltenham which is performing well. He’s looking at purchasing a second buy to let property and wants to know if the current loophole on the restriction of mortgage interest relief for limited companies is likely to close any time soon. Naturally Adam doesn’t want to go through the trouble of setting up a limited company if this property loophole is likely to get closed - so what do Rob & Rob think? Should he save himself the hassle of registering a business and make his buy to let property purchase personally? And is it actually a loophole Adam is referring to? Rob D has some interesting thoughts on this. Listen to the podcast to hear more or click here for information about Property Hub Tax and join the priority list. Second up we have Danny from Portsmouth who wants to know if gaining planning permission will increase the value of his investment property. Danny has recently purchased a corner plot and has a plan A and plan B. Should he put a dwelling on the end or change it to a 4-bedroom house, adding two bedrooms via an extension? He wants to know if there’s a tool to show you what you could increase values by if he was to sell his investment property with agreed planning permission. Now, Rob B has some top notch advice here, utilising his wealth of property development knowledge. Make sure you jot some notes down for this one as it’s a great question and the answer isn’t quite as straightforward as you may think. Enjoy this week’s Rob & Rob. Do you have a property or property investment related question for Rob & Rob? If you’d like to feature on the next episode, give us a call on 013 808 00035 and leave a message with your name and question (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours. Have you joined us over in The Property Hub Forum yet? If you love property chit chat, this is the place for you. Our online community are a friendly bunch, keen to share their knowledge and experience. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hi, I'm Rob.
0:03.4	And I'm Rob.
0:04.4	And this is Ask Rob and Rob.
0:08.9	A warm welcome to yet another Ask Rob and Rob.
0:11.5	Where this week listeners Danny and Adam have sent in questions
0:14.0	and we have got answers ready to go for them and if you've got a question and you'd like to
0:18.1	follow in their illustrious footsteps we've got two very easy ways of getting your
0:21.9	question into us we have indeed,
0:23.4	indeed, first up you can call 01-3808,00035, that's 1-1-3-8-O-3-0.
0:28.0	That's 1-1-3-8-0-0-3-0.
0:31.0	Normal rate supply.
0:32.2	You'll be put through to an answer phone, you leave your message there.
0:35.3	If you don't get it right, you can leave another one.
0:37.4	It's absolutely fine.
0:39.0	Or if you prefer, you can go to the Property Hub.net.
0:42.4	forward slash ask, that's the Property Hub.net net forward slash ask that's the Property Hub
0:44.3	dot net forward slash ask
0:46.2	and leave your message there
0:48.2	whatever you do it's obviously pretty simple and that's why we've got two great
0:52.0	questions again this week. So first of this
0:54.8	week we've got a question in from Adam.
0:57.0	Hi Robin Rob, my name's Adam. I'm from London. Firstly, thanks so much for all of your resources and podcasts.
	...

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