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Search found 3 matches

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by christop10
Wed Nov 14, 2018 7:40 pm
Forum: Functional Support
Topic: Mortgage cashback?
Replies: 0
Views: 10423

Mortgage cashback?

Hi, I have received some cashback as part of my mortgage deal. How do i record this, since I presume it isn't taxable income?
Similarly, my bank account gave me £200 for extremely poor service - how do i record this, since I dont think this should be taxed either?
Thanks
by christop10
Fri Aug 17, 2018 3:31 pm
Forum: Functional Support
Topic: Is Finance costs being recorded correctly?
Replies: 1
Views: 4262

Is Finance costs being recorded correctly?

It seems that when you record finance cost expenses at the moment, they are being recorded in the property purchase account, and therefore as a capital expense. However I thought costs associated with financing could be / should be recorded as a revenue expense?
Thanks
by christop10
Fri Aug 17, 2018 3:05 pm
Forum: Functional Support
Topic: How to record property purchase inc. equity
Replies: 1
Views: 4558

How to record property purchase inc. equity

Hi All,

I am just starting to use LV. I am purchasing a property through a LTD... £180k, £36k equity (by way of directors loan) and £144 mortgage.

I can set up the property and the mortgage in LV - but I wondering how I record the D loan / equity?

Thanks,
Chris

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