Recent content by Johnny Be Good

  1. J

    Wrong Band from VOA for council tax

    I removed one of my rentals from council tax for 2 years. It was BAND A. We made the necessary repairs but we did not structurally change anything other than like for like. Now after two years the VOA put it back for council tax but as BAND B. Can I ask. The property sold in 2016 for...
  2. J

    Fighting Scams on Tik Tok

    Sorry what another channel, this is our main website i cannot abandoned £1m worth of sales. There must be something we can do. I'm wondering if NCA can help.
  3. J

    Fighting Scams on Tik Tok

    We have a gang of chinese fraudsters that keep on creating websites that imitate our website and pretend to sell our products extrememly cheap. However they never send any products to customers and they loose all their money. As a result tik tok penalises us as our customers are angry and they...
  4. J

    Claiming software as a business expense

    We did spend over £400k back in 2015 in our business with a profit a little bit more than 600k so spending a lot of money is not an issue however we future proof our company with heavy machinery and automation that it all paid back due to us being less dependant on humans. And we did turnover...
  5. J

    Can a company charge VAT but refuse to issue a VAT invoice/receipt?

    Do you get a statement every month with a breakdown? It should really show the VAT
  6. J

    Stay as sole trader for next year or go Ltd?

    I would say paper work is not as hard, as someone else mentioned you can subscribed to Xero for less than £20 a month I think and you take a photo of every receipt you get from Selco, screwfix, Toolstation, etc and Xero will find out the supplier, scan the amount and create an entry for you to...
  7. J

    Stamp Duty on trasnfering your own home to a limited company

    My manufacturing company made £120K profits last year and yes we only paid 19% tax.
  8. J

    Stamp Duty on trasnfering your own home to a limited company

    I have two companies, my main company the manufacturing one, is the one that makes real money and I receive a salary and dividends from it. I am also a higher tax payer so I would not withdraw any more money from the second company( the buy to let ) as almost half of it it will fund illegal...
  9. J

    Stamp Duty on trasnfering your own home to a limited company

    If you need an official document from Land Registry you need to download an OC1 form, fill it in and post it along with a cheque of £11 to the land registry! What kind of world are they living in! The last time I wrote a cheque was when I was a student in 1996!
  10. J

    Stamp Duty on trasnfering your own home to a limited company

    Our public service in this country is so great, I applied via my solicitor to do the transfer in October 2024 last year and land registry still has not process it and according to my solicitor shows as "processing". I am wondering where all the billions of our tax is going! Anyway the property...
  11. J

    Stamp Duty on trasnfering your own home to a limited company

    Sorry, I did not make myself clear here!. I own three houses. One that i bought in my company's name, then the second home that I lived in for 24 years I transferred it to my limited company just after I moved out and last year I moved into my new home( third ) that is not in my company. So my...
  12. J

    Stamp Duty on trasnfering your own home to a limited company

    I am in the process of transferring my main residency home into my limited company. I lived in that house for 24 years. I understand I am exempt from paying CGT. But do I have to pay stamp duty at market value? How does the incorporation relief applies in this case?
  13. J

    To incorporate property or not?

    I am 52 years old. Not married, if married probably to a a broke one! I will have 3 properties on my on and another 5 in 40% ownership with sister. The house I am buying is £205000 My accountant came back to me today and said that i will have to pay 20 or 40% tax on the property if not...
  14. J

    To incorporate property or not?

    I am earning £60K a year from a combination of minimum wage and the rest in dividents from my main company. I also have a second company a buy to let business with only one property in it. I have loaned £280K of my own money to the buy to let company ( I bought a house with cash ) and receiving...
  15. J

    long does it take after a loan paid with a bank( HSBC) until Credit Agencies are updated?

    Experian shows me that the last update they had from HSBC was on the 7th of April and the amount outstanding was £4114 which takes into account my payment on the 20th of march. There is also a box that opens if you click (i) and it says they expecting the next update 7 days after the 12th of...
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