Join the Residential Landlords Association

Member Forums - Report Post

If you wish for the RLA to contact you regarding this report please remember to provide contact details.

Please Note: - This facility is for reporting of abuse or other breaches of the forum rules. Please do not use this facility to reply to the post as your response will not appear here - to reply please use the quote option.
  1. Please do not post RLA enquiries in these forums. Any enquiries should be sent to info@rla.org.uk.
  2. Please note that the initial message in any forum conversation on this website is viewable by the public.
  3. For security reasons, please do not include your membership number within the title or body of your forum post.
  4. You must not include any personal details relating to your tenants, such as their names and addresses, in your postings.
  5. You must not use the forums to advertise your service or business. Please use the RLA's suppliers guide for all advertising purposes.
  6. Any content deemed as advertising, inappropriate or does not meet the RLA's code of conduct will be removed from the forums.
  7. The RLA cannot be held responsible for any posts made in these forums by non-RLA staff
Report a post:
Lucky7 said: Posted on: 16/07/2017 21:07

Just seeing what others would do, I recently inherited a licenced HMO in central London worth around £2M - £2.2 (agent valuation). The IHT valuation a few years back was roughly £800k resulting in an IHT bill of around £170k.
HMO: 5 rooms, roughly £4500pcm total rent. Fixed monthly costs for utilities, C tax, mortgage etc around £1400.

Selling will incur a huge CGT bill, that needs to be taken into account.
£160k mortgage left roughly.
My requirement is to have an income same or better than I'm getting currently.

What would you do? Keep hold of it as capital is going up, sell and re-invest, anything else?

I'm curious what the more experienced people on here would do.

Landlord & Investment Show London Olympia 2019
Residently
99 Homes
John Pye Auctions