Go Back   Askaboutmoney.com > Search Forums

Notices

Showing results 1 to 25 of 336
Search took 0.07 seconds.
Search: Posts Made By: ronaldo
Forum: Mortgages and buying and selling homes 10-07-2014, 01:33 PM
Replies: 2
Views: 398
Posted By ronaldo
The UK banks, as far as I know, are unable to...

The UK banks, as far as I know, are unable to take Irish property as security for a UK mortgage - this even holds true for Ulster Bank who only operate in Northern Ireland and the Republic of...
Forum: Mortgages and buying and selling homes 01-05-2014, 07:59 AM
Replies: 27
Views: 2,173
Posted By ronaldo
KBC are already offering 3.85% so I don't think...

KBC are already offering 3.85% so I don't think it'll be too many more years before the other banks decide that the current high SVR's have improved their books enough to enable them to start...
Forum: Mortgages and buying and selling homes 30-04-2014, 10:27 AM
Replies: 27
Views: 2,173
Posted By ronaldo
Nor should he in my opinion. The system is broke...

Nor should he in my opinion. The system is broke at the moment but we should let it sort itself out - which it will eventually as each banks balance sheet improves and it decides to start to compete...
Forum: Mortgages and buying and selling homes 29-04-2014, 05:51 PM
Replies: 11
Views: 1,778
Posted By ronaldo
I don't really agree with the idea of a 40-year...

I don't really agree with the idea of a 40-year mortgage, in itself, being bad. A 25-year term, in my opinion, is just an arbitrary number with no real meaning or justification behind it (obviously,...
Forum: Mortgages and buying and selling homes 27-04-2014, 11:08 AM
Replies: 11
Views: 1,778
Posted By ronaldo
The banks like to see a good record of consistent...

The banks like to see a good record of consistent savings. With this in mind, you should have at least 6 months bank statements showing a good amount of monthly savings.

You're current available...
Forum: Property investment and tenants' rights 24-04-2014, 11:48 AM
Replies: 8
Views: 2,288
Posted By ronaldo
KBC changes: 3-year fixed reduced from...

KBC changes:

3-year fixed reduced from 5.56% to 5.48% APR
5-year fixed introduced at 5.82% APR
Forum: Mortgages and buying and selling homes 11-04-2014, 12:44 PM
Replies: 1
Views: 538
Posted By ronaldo
Your foreign financial products will not show up...

Your foreign financial products will not show up on an Irish Credit Bureau report. You'll need to request your reports from the UK credit bureaus, of which there are three.

It can be difficult to...
Forum: Property investment and tenants' rights 09-04-2014, 02:39 PM
Replies: 19
Views: 1,723
Posted By ronaldo
That's a very good point :)

That's a very good point :)
Forum: Property investment and tenants' rights 09-04-2014, 02:07 PM
Replies: 1
Views: 509
Posted By ronaldo
I believe most of the selling expenses should be...

I believe most of the selling expenses should be written off against your eventual Capital Gains Tax liability, if any. They cannot be written off agaisnt rental profit.
Forum: Property investment and tenants' rights 08-04-2014, 09:14 PM
Replies: 19
Views: 1,723
Posted By ronaldo
One thing I've often wondered about this but...

One thing I've often wondered about this but didn't look into it because I'm not yet in a position to buy is that, if the property purchased is free from CGT after 7 years, does that mean that, in...
Forum: Property investment and tenants' rights 08-04-2014, 08:34 PM
Replies: 19
Views: 1,723
Posted By ronaldo
They are 100% incorrect. Provided you bought last...

They are 100% incorrect. Provided you bought last year or this year and hold for 7 years, you have no liability to CGT.

If you hold for 8 years, you will be liable for 1/8th of the usual CGT...
Forum: Property investment and tenants' rights 07-04-2014, 03:57 PM
Replies: 5
Views: 625
Posted By ronaldo
Thank you. I just wanted to make sure my tax...

Thank you. I just wanted to make sure my tax return was completed correctly because we all know the ROS system can't be trusted to get everything correct at times. :)
Forum: Property investment and tenants' rights 07-04-2014, 03:46 PM
Replies: 5
Views: 625
Posted By ronaldo
Is it not allocated as a percentage? For example,...

Is it not allocated as a percentage? For example, my Irish tax return was made up 90% of my foreign income and rental profit in Ireland represents the other 10%. My tax calculation on ROS allocated...
Forum: Investments 06-04-2014, 09:42 PM
Replies: 22
Views: 3,732
Posted By ronaldo
I also agree with this. If someone wanted a...

I also agree with this. If someone wanted a completely hands-off approach, a Eurostoxx 50 ETF, or similar, is a good option.

The things I don't like about the ETF's include the 'deemed-disposal'...
Forum: Investments 06-04-2014, 09:31 PM
Replies: 22
Views: 3,732
Posted By ronaldo
If you were going for this option, I'd go for...

If you were going for this option, I'd go for more than 5 shares. The main reason for choosing 5 would be to reduce trading costs for someone investing a total of somewhere in the region of 10k -...
Forum: Property investment and tenants' rights 06-04-2014, 11:34 AM
Replies: 12
Views: 1,592
Posted By ronaldo
That would be 33% and it would depend on the...

That would be 33% and it would depend on the valuation used at the time the OP inherited it - not the price paid for it. Chances are it'll be a loss-maker and no CGT will be due.

Also, I'm failing...
Forum: Property investment and tenants' rights 05-04-2014, 12:13 PM
Replies: 12
Views: 1,592
Posted By ronaldo
As Brendan stated above, the value in 2002 is...

As Brendan stated above, the value in 2002 is irrelevant.

Also, you do realise that a vacant property will still cost you money - insurance, maintenance, property tax, etc. are still all payable....
Forum: Mortgages and buying and selling homes 05-04-2014, 11:48 AM
Replies: 3
Views: 747
Posted By ronaldo
They'll ask you to take out life insurance to...

They'll ask you to take out life insurance to cover the mortgage - depending on your answers to the questions when getting a quote for that, the life insurance company may ask for a medical.

The...
Forum: Property investment and tenants' rights 28-03-2014, 10:03 PM
Replies: 17
Views: 1,472
Posted By ronaldo
Looking at this again, I believe my previous...

Looking at this again, I believe my previous understanding that you weren't entitled to any Personal Credit as a non-resident was incorrect.

Therefore, I've updated the original post with the...
Forum: Tax 28-03-2014, 09:54 PM
Replies: 1
Views: 505
Posted By ronaldo
Preliminary Tax and Tax Returns - Due Date

I've just filled in my tax return and my income tax liability is higher than last year. I paid 100% of last years liability in preliminary tax.

In completing my return, I now have a 'balancing...
Forum: Property investment and tenants' rights 26-03-2014, 08:18 PM
Replies: 18
Views: 1,886
Posted By ronaldo
Sorry, it was a poorly explained post before with...

Sorry, it was a poorly explained post before with me trying to finish up and get out of the office.

The thing is, I'm not so sure it's finely balanced if you take the whole picture of the OP into...
Forum: Property investment and tenants' rights 26-03-2014, 05:52 PM
Replies: 18
Views: 1,886
Posted By ronaldo
Yes, I can understand the reasonings behind...

Yes, I can understand the reasonings behind selling the one with the least CGT due as opposed to the one with the most.


I still think it's a no brainer to sell the loss making one first but...
Forum: Property investment and tenants' rights 26-03-2014, 01:46 PM
Replies: 18
Views: 1,886
Posted By ronaldo
Unfortunately, on a property located in Ireland,...

Unfortunately, on a property located in Ireland, you must pay Irish CGT on the sale. You then need to complete your UK tax return working out your liability if you were paying the CGT under UK tax...
Forum: Property investment and tenants' rights 26-03-2014, 12:29 PM
Replies: 18
Views: 1,886
Posted By ronaldo
This means that it's not a finanial drain....

This means that it's not a finanial drain. However, selling your property with the lower CGT will cost you 13k in CGT and selling the other will cost 40k. In other words, you'll be managing the...
Forum: Mortgages and buying and selling homes 25-03-2014, 10:54 AM
Replies: 5
Views: 1,149
Posted By ronaldo
But AIB's 'LTV Variable' rates are lower than the...

But AIB's 'LTV Variable' rates are lower than the standard variable rate. They're not giving a 1 year discount out of the goodness of their hearts.

Look at the actual APR of the deal. The 1 year...
Showing results 1 to 25 of 336

 
Forum Jump

All times are GMT +1. The time now is 05:27 AM.