Should you buy new landed or non-landed property?

Let’s begin by looking at the current situation. The property market has undergone great changes in terms of demand and supply plus the affordability issues.  Because of the current over supply issues , developers are now offering good packages for easy entry cost for buyers: – No down payment – Cash back – Free legal fees, stamp duties on loan agreements. Some even absorb the … Continue reading Should you buy new landed or non-landed property?

Mistakes made by owners when selling their properties

To avoid paying out REN’s commissions, owners will try to sell on their own. However, doing it on their own can be quite challenging in getting buyers – RENs have the marketing reach that owners do not have. RENs (unlike owners) are more willing to spend a lot on marketing to get buyers as they will get commissions for every sale. Secondly, owners do not … Continue reading Mistakes made by owners when selling their properties

UK Tax – Capital Gains on Disposal of Residential Property

Capital Gains Tax is a tax on the gain you make when you sell your UK property (You need to let Her Majesty’s Revenue and Customs (HRMC) know of your property disposal). The 2018/2019 Capital Gains tax rate is 18% for individual and 20% for company. The Capital Gains tax-free allowance is£11,700. Joint owners who are married will each be entitled to the tax free … Continue reading UK Tax – Capital Gains on Disposal of Residential Property

UK Inheritance Tax

Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who has passed away. The standard Inheritance Tax rate is 40% (additional £175,000 allowance is given from 2020). The UK inheritance tax allowance is £325,000. Example: Estate value £500,000 Less: Inheritance tax-free allowance £325,000 Taxable inheritance £175,000 The Inheritance Tax charged will be 40% x £175,000. The payable amount will … Continue reading UK Inheritance Tax

5 solutions to finance your Australian property

In March 2016 ANZ Banking Group (one of Australia’s big four) closed their doors to foreign buyers. This was closely followed by Westpac, and then all other Australian banks. Thousands of international buyers were left without the finance to settle on purchases entered into prior to the changes. Those affected had to source other funds or else forego their 10% down-payment. As yet this situation remains … Continue reading 5 solutions to finance your Australian property

How to fund your children’s/grand children(s) university education overseas

Many of us dream of sending our children to study in the best schools and universities around the world, but financially it can seem far out of reach. In this article I explain a tried and tested way to use property to fund your children’s (or grandchildren’s) university education overseas. How much does it cost to study abroad? We’ve crunched the numbers and here is … Continue reading How to fund your children’s/grand children(s) university education overseas

Leasehold or freehold property?

From my interactions with potential buyers of new properties, many of them will immediately get turned off once they are told it is a leasehold property. They are only interested in a freehold property. Let’s look at why leasehold properties are perceived as not as good as freehold: 1. They are a bit difficult to sell once it goes past the 30 years tenure (normal … Continue reading Leasehold or freehold property?