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Mark Homer Talks Dogecoin | Property Investing vs Cryptocurrencies

Mark Homer Talks Dogecoin | Property Investing vs Cryptocurrencies

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Tax Advice Landlords & Property Investors Need To Know | Tax Tips From My Accountant

Tax Advice Landlords & Property Investors Need To Know | Tax Tips From My Accountant

In this episode of Mark My Words, Mark speaks to his accountant, Chris Wilkins. Chris has been Mark’s accountant for 11 years now! Chris talks about property tax, HMRC enquries, property structuring, changes in corporation tax and more.

The thing that was right at the front of property people’s minds when Chris was last on the podcast was section 24. Now it has had a full effect, mortgage interest for a residential property is not deductible in your rental accounts, it’s a tax reducer. There are a lot of ramifications, especially for those who were on the cusp of the higher rate tax band and those with large portfolios who could easily be paying more in tax than they are making in profit.

Being in the know, or having an accountant in the know, around HMRC rules and regulations can save you a lot of time, hassle and money. HMRC frequently break their own rules and ask for things you technically don’t have to give them.

When buying a property (e.g in your name –vs- creating a limited company) it’s important to find out the tax implications, in both the short and the long term. It could make a significant difference in what you owe.

There are many ways you can file accounts at companies house. You can find that something that you did 6 years ago, actually ends up saving you further down the line so you should always file with the future in mind.

VALUABLE RESOURCES

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

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My Latest Property Investment | 39 Apartments

My Latest Property Investment | 39 Apartments

Mark Homer Progressive Property co founder gives an update about one of his current investment properties. Currently developing 39 apartments in the city centre of Peterborough, if your looking to scale up your portfolio this is the video for you.

More videos from Mark
How I Went From Zero to Multi Millionaire Property Developer
https://www.youtube.com/watch?v=ZONoj8v3usU&t=28s

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How to Purchase Your Second Investment Property | Build a Buy-To-Let Portfolio

How to Purchase Your Second Investment Property | Build a Buy-To-Let Portfolio

Do you already have your first investment property/Buy-To-Let property investment, in today’s video Kevin shares investing tips on how to buy your 2nd, 5th or 10th property investment, because it can be really difficult to maintain momentum in today’s property market (Real Estate Market).

Can you find a genuinely discounted property, below market value? If you can buy property number two at a genuine discount, you can refinance fairly quickly and pull some of that deposit back out of the deal, which you can then use to go and buy property number three.

#SecondInvestmentProperty #SecondHouse #PropertyInvestment

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How I Started My Service Accommodation Property Business

How I Started My Service Accommodation Property Business

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#ServiceAccommodation #UKProperty #Investing

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Housing & Stock Market Crash Incoming | Market Crash Revealed | Property Market Crash

Housing & Stock Market Crash Incoming | Market Crash Revealed | Property Market Crash

Are we in a bubble? when will it pop? When will the stock & housing markets going to crash. Mark Homer goes into detail revealing all in this must watch market & economy update video, get ready!

#HousingMarketCrash #StockMarketCrash #MarketCrash

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My Worst Ever Property Deal Revealed! | Property Investing Q&A

My Worst Ever Property Deal Revealed! | Property Investing Q&A

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#Q&A #PropertyInvesting #WorstEverDeal

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How To Became a Property Developer

How To Became a Property Developer

The property industry is booming in the UK and there is no better time to start investing than today. Kevin is joined by yet another one of Progressive Property’s success stories, they have gone from strength to strength in the property Developments. Together they discuss finding the right refurb team, investment opportunities and why investing on your doorstep is beneficial.

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How I Make £2200 Passive Income From 1 Investment Property

How I Make £2200 Passive Income From 1 Investment Property

Just one investment property could mean you can retire early, quit your job, crate a side business or create a great asset. In this video Kevin gets into detail about how he makes £2200 per month from one property deal and can double this income in the future from the same property.

#PropertyInvesting #InvestmentProperty #PassiveIncome

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How I Became a Full Time Property Investor

How I Became a Full Time Property Investor

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