Antony90115 Jan 2025 11:30
antony .
you do change your excuses .
no where in the post of yours that i quoted do you mention that your **** dropped out on hearing of the rise in employers ni.
read the quote from your own reply to me.
do not try and divert to something else.
you ask if i have run a business,well the real question is do you ! not i.
you are the one with several multi-million pound profitable businesses, are you not.
not only do you pay your staff over the odds, you do not put the rent up for teachers and nurses in your rental properties of which there are several. you also have a property empire that spans the length and breadth of the country . and you give large donations to charities .
in fact as your posts progress your benevolence increases.
you did say in another of your posts that several contributors to this board could vouch your honesty, i did ask who they were but you gave no reply, so again could you name them or could they step forward themselves, and of course tell us how they can prove that they know you!
but to answer your question, yes i ran two companies in the civil engineering sector for many years. i am a director of two other companies, now, one my sons commercial management business that deals mainly with government pfi schemes and my daughter in-laws travel business which specialises in southern africa . my son and daughter in-law have rental property as does my daughter .my present business which is a limited company, deals with unusual plants! i have a well known firm of accountants who deal with my tax affairs including my rentals and those of all my family's business interests .
on your rentals considering the forthcoming regulations, in what energy efficiency range will they come in.
only you did mention hmo which are usually old dilapidated properties that have been made into a collection of bedsits hence their poor showing in the energy efficiency sector. they would be very costly to bring up to even level c and with your mortgage payments, thrown in it could be prohibitive .
on the other hand i had the good sense to buy new purpose built flats , which not only meet environmental requirements but all fire regulations including those brought in after the glenfell fire. and my business model for buying rentals was simple, 1. put down a large deposit. 2. plough the rents back into the mortgage repayments each property paying itself off quickly . 3. never re-mortgage to buy another. better to own fewer out right than have debt around one's neck.
the separate freeholds/ground rents we bought were bought for cash and have provided good returns, but need managing in their own right they can be peculiar.
in the past i have also invested in corporate bonds, traded endowments and off course shares
the result all paid off quickly generating a very good income and i also applied the above to our own home. debt free in my mid 40s retired at 55.
and i do have an inheritance tax plan.
there you are.
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