Houses

[grobyfox1990]

3 hours ago, Tommy G said:

Without trying to wind you up any further, only an idiot would plough money into a depreciating asset like a car, so leasing it is the best option all round 

If we're going down that existential route only an idiot would pay a finance provider for an asset they neither own and is left unused and switched off on a piece of tarmac 95% of the time.

[Zear0]

3 hours ago, Tommy G said:

Without trying to wind you up any further, only an idiot would plough money into a depreciating asset like a car, so leasing it is the best option all round 

Useful to know paying monthly to a leasing company and not a finance provider stops it from depreciating.

[dsr-burnley]

1 hour ago, grobyfox1990 said:

Yes I understand how they work and am able to structure assets/funds. You absolutely can avoid CGT and IHT, that's the whole point of offshore, which you can still do whilst being UK res. As stated repeatedly on this thread, being a landlord isn't for happy clappers, so I have no sympathy for when they start crying about vanilla regulatory changes.

If you're saying that you can avoid CGT by forming an offshore company and therefore paying Corporation Tax on the gains, that's a bit bogus really. But apart from that, we both know that all residential property, even when owned by non-UK residents, is subject to UK CGT rules and has been since 2015.

 

I accept that it's possible to dodge IHT by setting up a blind family trust in a friendly tax haven, but it's complex and expensive and not within the remit of the standard small landlord who are the government's target.

 

I thought a "happy clapper" was a football fan who supports his team through thick and thin and doesn't get upset when they lose? What relevance has it to landlords, please?

[Tommy G]

2 hours ago, grobyfox1990 said:

If we're going down that existential route only an idiot would pay a finance provider for an asset they neither own and is left unused and switched off on a piece of tarmac 95% of the time.

I don’t do either. My point being, which I know you understand but refuse to acknowledge, is that I wouldn’t buy a car for £50k cash, I’d lease it, if I needed to make that choice. 

[Tommy G]

2 hours ago, Zear0 said:

Useful to know paying monthly to a leasing company and not a finance provider stops it from depreciating.

Whoosh nevermind 

[grobyfox1990]

17 minutes ago, Tommy G said:

I don’t do either. My point being, which I know you understand but refuse to acknowledge, is that I wouldn’t buy a car for £50k cash, I’d lease it, if I needed to make that choice. 

Nope the point still stands, by your book you’re an idiot if you either buy or lease an asset which is worth £50k and you leave switched off 95% of the time. 

[grobyfox1990]

1 hour ago, dsr-burnley said:

If you're saying that you can avoid CGT by forming an offshore company and therefore paying Corporation Tax on the gains, that's a bit bogus really. But apart from that, we both know that all residential property, even when owned by non-UK residents, is subject to UK CGT rules and has been since 2015.

 

I accept that it's possible to dodge IHT by setting up a blind family trust in a friendly tax haven, but it's complex and expensive and not within the remit of the standard small landlord who are the government's target.

 

I thought a "happy clapper" was a football fan who supports his team through thick and thin and doesn't get upset when they lose? What relevance has it to landlords, please?

Lol no, we don’t ’both know’ in this conversation. If you’ve structured onshore assets to be ATED compliant then yes  maybe we do ‘both know’ but you’re just copy/pasting slop from ChatGPT without any real world experience. 
 

You’re second para Lol - so we’ve come full circle. Yes, to be a successful landlord is complex and not within the remit of a simple-minded anxiety ridden happy clapper, and not just re tax efficiency. That’s what I’ve been saying all along.

[dsr-burnley]

2 hours ago, grobyfox1990 said:

Lol no, we don’t ’both know’ in this conversation. If you’ve structured onshore assets to be ATED compliant then yes  maybe we do ‘both know’ but you’re just copy/pasting slop from ChatGPT without any real world experience. 
 

You’re second para Lol - so we’ve come full circle. Yes, to be a successful landlord is complex and not within the remit of a simple-minded anxiety ridden happy clapper, and not just re tax efficiency. That’s what I’ve been saying all along.

I don't understand your first paragraph. (Obviously I understand the chatGPT bit, but all that proves is that you have a very high opinion of yourself and you know diddly squat about me.)

 

Why do you think that the sale of residential properties does not bring about a taxable gain for overseas companies? How do you structure assets to be "ATED compliant" - isn't that like trying to structure assets so that they are Council Tax compliant? The tax is payable on properties over £500k owned by foreign landlords.

 

You overestimate the difficulties of being a landlord. It may or may not be beyond you, but there are hundreds of thousands of non-specialists who manage to get by.

[dsr-burnley]

9 hours ago, Tommy G said:

Without trying to wind you up any further, only an idiot would plough money into a depreciating asset like a car, so leasing it is the best option all round 

I don't get that. If you pay £50k to have a depreciating asset that is worth £30k in 4 years' time, is that really so much worse than paying £20k to lease it and having no car at all in 4 years' time?

 

My own preference is to buy second hand, with the result that my total capital outlay has been £22k for 40 years driving. But I wouldn't say anyone was an idiot for buying or leasing a £50k car; I would just say they have different priorities on how to spend their money.

[Tommy G]

12 hours ago, grobyfox1990 said:

Nope the point still stands, by your book you’re an idiot if you either buy or lease an asset which is worth £50k and you leave switched off 95% of the time. 

I don't lease or buy a car. My point being you could do a lot more with £50,000 cash (Pension, stock, ISA etc) than putting it into a depreciating asset. I picked £50k as the typical price of a new car. Of course, you could buy a banger for £5k and run it into the ground for 5 years and it's cost you a grand a year. 

 

Back to houses.

[HighPeakFox]

11 minutes ago, Tommy G said:

I don't lease or buy a car. My point being you could do a lot more with £50,000 cash (Pension, stock, ISA etc) than putting it into a depreciating asset. I picked £50k as the typical price of a new car. Of course, you could buy a banger for £5k and run it into the ground for 5 years and it's cost you a grand a year. 

 

Back to houses.

I can't drive a pension to work though... 

Edited 29 April by HighPeakFox

[danny.]

On 28/04/2026 at 11:31, CornwallFox said:

Absolutely this is the case. Danny as usual doesn't see anything that doesn't fit his motivation for posting. 

Oh sorry, I was too busy on my far right marches to respond to your post necromancy.