White Knight Associates Pros and Cons of overseas property part 2

Cons

A downside of jumping into investing in a property abroad is that you may have to put down a large sum for a deposit whereas in the country you’re based, a huge deposit is not necessary.

Something that often leaves people confused is the language barrier. Depending on where you choose to invest, it might be that people don’t speak your mother tongue. This can make negotiating and dealing with the legal aspects quite difficult. Often things get lost in translation and important details are passed, this can cause difficulties further down the line.

The country you are investing in may be going through political or economic change, all these factors can have a large impact on the value of your property. If the worst happens you could stand to loose a lot of money, so make sure you do your homework and are fully confident in the future of your content before you invest.

When you are not around all the time, trust is a major factor in investing abroad. If you are having a home built then you really need to trust the builders you hire. Being abroad you will have no way of regularly checking up on your investment and the progress of your new home. You need to find people that you can rely on to either manage the project or feedback on progress to you. If you’re renting out a holiday home then you also need to make sure you have someone who you can trust to look after it for you.

 written by Us For Homes

For more information please go to our website www.wk-associates.com

Or to speak to one of our consultants please call 02033847230

White Knight Associates explains what below Market value properties are.

In its’ simplest terms, BMV or Below Market Value is an abbreviation. BMV properties are residential properties that are available below their market value. This is normally because the owners are faced with some kind of financial difficulty and want to or need to dispose of their property quickly and without going through a protracted marketing and sales process. The precursor to this is quite often the threat of repossession.

White Knight Associates explains how to value a property.

The guidance from the Royal Institute for Chartered Surveyors on how a surveyor should value residential property is contained in Appendix 5.1 of the Royal Institute for Chartered Surveyors Appraisal and Valuation Standards (Red Book).  The basis for the valuation of a residential investment property is normally its’ market value.  Market value is defined in the Chartered Surveyors hand book as:

 ‘The estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.’

Therefore if a property has been properly marketed and then a sale agreed, whilst the landlord may consider that they have a bargain and a BMV property because the property is sold at less then similar property sold for previously. For instance an investor buys a property for £180,000. A year previously a similar property sold for £200,000. The investor might consider that they have obtained the property at 10% BMV. This is not the case under the guidance on valuation standards from the chartered institute of surveyors, the investor has actually just paid the market price.

White Knight Associates explains when BMV properties exist? 

Where a BMV property may exist is if the property was not fully marketed first. This situation occurs where buyers are able to access so called ‘distressed or motivated sellers’ who cannot afford or want to go through the normal marketing and sales exercise.  

Source: property Haw

Posted by: White Knight Associates

For more information please visit our website www.wk-associates.com

Or speak to one of our consultants on 02033847230

White Knight Associates writes about the benefits of companies reducing their Carbon foot print.

White Knight Associates believe that by offsetting your business's carbon footprint you are making a positive, tangible statement to your employees, customers, suppliers and shareholders. Like you, they are all affected by climate change and will be more attracted, and loyal to, businesses which are committed to caring for the environment.

Green companies tend to be better managed, more efficient and more profitable than their rivals. Many of the most successful ones now recognise the clear business benefits of addressing environmental issues.

So what is Carbon Offsetting?

Everyday actions like driving a car, heating your home and office, transporting goods and even using your computer use energy and produce greenhouse gas emissions (such as carbon dioxide) which contribute to climate change.

You can compensate for your unavoidable emissions by buying carbon credits from an internationally verified project that makes an equivalent greenhouse gas saving. This is called ‘carbon offsetting’.

Is this a ‘cure’ for climate change?

Offsetting your carbon footprint will not reverse the effects already caused by your carbon dioxide emissions. The harm to the environment caused by these emissions cannot be undone. However, by saving an equivalent amount of carbon dioxide elsewhere, you can help to minimise the total global emissions.

Author:White Knight Associates

For more information please visit our website www.wk-associates.com

White Knight Associates Capital Allowances

Overview:

White Knight Associates work with Portal Tax Claims who are professional experts in the field of Capital Allowances and are widely recognised as one of the industry leaders. The company works extensively with some of the UK's largest IFA, Accountancy, Property and Legal networks to provide surveys and tax reports on commercial properties resulting in hundreds of millions of pounds being claimed.

If you own a commercial building, which includes HMOs, there is a 96% chance that you qualify for a substantial income tax or corporation tax refund.

A Capital Allowance claim is a retrospective or current claim based on the original purchase price and refurbishment costs of a building. It is not a contentious tax avoidance scheme or loophole but is based on established UK statutory law dating back to 1878. Applicants are not "guinea pigs" since thousands of cases have already been submitted and paid out.

White Knight Associates Key services:

We offer a risk free service and if we fail to identify at least £25,000 of claimable allowances you will owe us nothing and we will give you our report free of charge.

At PTC's expense we will ensure that you qualify for a claim, implement a professional survey of the building and develop an effective report in a format that HMRC find acceptable.

Should the report be challenged we will defend the claim at our own expense for the maximum required time of 6 years.

We provide a range fee structures to suit the differing needs of our clients  

Author: White Knight Associates

For more information please contact us on 02033847230 or visit our website

www.wk-associates.com

White Knight Associates brings you the benefits of investing in solar panels

25/10/11

Switching from sole reliance on fossil fuels to green energy technologies such as solar panels and heat pumps could earn you up to £1,000 a year tax free, for 25 years guaranteed.

By installing new government- incentivised micro generation systems, UK home owners can now get paid with the feed in tariffs for the power they generate using PV solar panels, in addition to the savings made from energy bills.

Solar panels have become a more attractive proposition as energy suppliers continue to increase their charges domestically and commercially.

Ofgem are now warning us to expect at least a 20% electricity price hike by 2020, and also advised that future supplies were in jeopardy because of peak oil problems. Scottish Power has been the most recent energy company to begin this upward trend, announcing its intention to amplify the price of gas by 19% and electricity by 10%.

Author: White Knight Associates

For more information on solar panels please go to our contact us page at:

 www.wk-associates.com

Why is such an important opportunity being over looked? By White Knight Associates

One of the main messages regarding capital allowances is that this is neither a tax avoidance scheme nor a recent loophole that HMRC are unaware of and will regard with suspicion. The primary aim of the UK statutory law dating back to 1878 was to allow commercial property owners to improve their property and the provision of this benefit holds as true today as it did then. The law has been revised and refined over recent years and was simplified in a major way in 1971 to eliminate burdensome record-keeping and computational requirements; a further simplification in 1984 saw the elimination of initial and first year allowances, among others. Further revisions followed in 1990 and the current legislation we are working to is the Capital Allowance Act 2001.

Author Shaun Murphy PTC

White Knight Associates act as an introducing agent to PTC.

For more information please contact White Knight Associates www.wk-associates.com

White Knight simplifies Commercial Property Tax Claims

White Knight Associates on Capital Allowances

What Are Capital Allowances?

When you spend money buying or improving a property, HMRC allows you to offset some of that expenditure against your profits, or general income for tax purposes.

It’s your statutory right to claim.

By allowing a retrospective or current acquisition claim based on the purchase price. It is not a contentious tax avoidance scheme or loophole but is based on established UK statutory law dating back to 1878.

You are not a “Guinea Pig” as thousands of cases have already been submitted and paid out.

Will I qualify?

To claim capital allowances you (or your company) must satisfy the following criteria:

·     You are a UK taxpayer (Income Tax or Corporation Tax)

·   You own a UK commercial property with a minimum purchase of £200,000

·   OR you own a furnished holiday property either in the UK with a minimum purchase price of £200,000 or within the EEA with a minimum purchase price of £300,000 (collectively)

·   The property is not held fully within a pension fund, charity, government owned or traded as stock

White Knight Associates are an agent for a specialist capital allowance claims company Portal Tax Claims that works in collaboration with your existing advisers to identify and create retrospective and current capital allowance claims that lead to significant tax refunds. By adding value, our accounting and surveying experts identify previously unclaimed Capital Allowances reliefs that were part of the purchase price but were never identified during the buying process.

Typically we find Capital Allowances equivalent to 25% of the property’s purchase price and, if we don’t secure at least £25,000 in unclaimed allowances, you won’t owe anyone a penny.

Best of All……

Capital Allowances can be offset against any income  that they derive from.

If a company owns the asset, you can use the allowances against that company’s taxable profits and then against any other company within the same tax group, if a loss is created. Claims can be retrospective as there is no time limit on how far you can go back, in owning the property and you can even go back two tax years for a tax refund !

What Capital Allowances Can Be Claimed

It is routine for accountants to claim capital allowances for “movable” fixtures and fittings in a shop, for plant and machinery in a factory, or for furniture in a furnished holiday let. They cannot claim such allowances for the “immovable” fabric of the building, however, which is viewed as a non-depreciating asset. The opportunity we are concerned with is the class of assets in the grey area between “movable” and “immovable”. Clearly office furniture is movable and the roof is immovable. But what about air-conditioning plant, emergency lighting and alarm systems? These are normally considered by accountants as “freehold improvements” and not therefore eligible for capital allowances.

Even when businesses or individuals hear about our service, there is a common misconception that, because the expenditure occurred in the past, they have missed the boat. Not so! Indeed there is no time restriction on when you can claim these allowances.

For more information on capital allowances for commercial property please visit our website White Knight Associates Source Portal Tax Claims

Introduction to Commercial Property Tax Claims - by White Knight Associates

White Knight Associates (WKA) work in partnership with a specialist capital allowance claims company called Portal Tax Claims who work in collaboration with your existing advisers to identify and create retrospective and current capital allowance claims that lead to significant tax refunds and offsets. By adding value, their accounting and surveying experts identify previously unclaimed Capital Allowances reliefs that were part of the purchase price but were never identified during the buying process and have therefore not been claimed. In fact 96% of UK commercial property owners have yet to make this claim.

Capital Allowances can be offset against any income that you have. If a company owns the asset, you can use the allowances against any other companies’ taxable profits within the same tax group. Claims can be retrospective as there is no time limit on how far you can go back in respect to expenditure incurred whist owning the property and you may even receive a refund of the tax paid in the FOUR previous years. So long as you’ve paid tax, the property isn’t held in your pension, SIPP or other wrapper that already attracts tax relief then that’s a serious chance you can claim.

WHAT CAPITAL ALLOWANCES CAN BE CLAIMED?

It is routine for accountants to claim capital allowances for “movable” fixtures and fittings in a shop, for plant and machinery in a factory, or for furniture in a furnished holiday let. They cannot claim such allowances for the “immovable” fabric of the building, however, which is viewed as a non-depreciating asset, however most accounts we’re dealt with do not understand this particular claim and therefore it’s a missed opportunity.

THE OPPORTUNITY

The opportunity WK Associates are concerned with is the class of assets in the grey area between “movable” and “immovable”. Clearly office furniture is movable and the roof is immovable. But what about air-conditioning plant, emergency lighting and alarm systems? These are normally considered by accountants as “freehold improvements” and not therefore eligible for capital allowances. Even when businesses or individuals hear about our service, there is a common misconception that, because the expenditure occurred in the past, they have missed the boat. Not so! Indeed there is no time restriction on when you can claim these allowances.

WHAT ARE CAPITAL ALLOWANCES?

When you spend money buying or improving a property, HMRC allows you to offset some of that expenditure against your profits, or general income for tax purposes.

ITS YOUR STATUTORY RIGHT TO CLAIM

By allowing a retrospective or current acquisition claim based on the purchase price. It is not a contentious tax avoidance scheme or loophole but is based on established UK statutory law dating back to 1878. You are not a “Guinea Pig” as 1500 cases have already been submitted successfully by Portal and they boast a 100% success rate. White Knight Associates acts as an introducing agent for Portal and we are more than happy to help you investigate whether you have a claim to be made or not.

What’s more… to find out it wont cost you a penny. If we fail to find £25,000 or more in missed allowance you don’t pay for anything. Request more information click here