Alan B

Thankyou Grampa ,some sound advice .

 So perhaps 2 mid terrace ,low maintenance would be better .

       Alan

I intend to just buy One BTL  and keep for say 15 years plus as my sole income.

Would starting a small business as a landlord be permitted and would it be an advantage for income tax

or capital gains tax relief if i sold the property some years later ?

If so is it free to start a business ? sorry lots of questions.  Regards Alan

  Thankyou for your response , just clarify it was a BTL not a sandwich I was thinking of.

I dont need a mortgage as im selling a home that wasnt suitable to let.

my concern was Capital gains tax bill if i sold the BTL, in say 10 years .

so if its the  only property i actually own ,even though i never lived there and live in a small rental myself

I dont need to nominate it as primary residence ?

would there be any point in buying it through a company ? [i dont, as yet own a company]

I like the  mercedes motorhome Grandpa did you construct it yourself? it looks like two tourers grafted on a 408

  kind regards Alan

I am hoping to purchase my first and only BLT and need advice on nominating it as primary residence,

my situation is I have a very cheap small residence i rent and live at.

and hope to buy a larger 3 bed to let out for income in retirement ,can i nomiate this as my main residence ?

is there any time limits ,as i hope to do this for at least 10-15 years if i dont pop my clogs.

Is this  the best option do you think any advice would be greatly appreciated .Kind regards Alan