Telford Homes Share Discussion Threads

[gengulphus] 17/5/2017 09:55

You're talking about the "replacement property" provisions, which don't actually require you to first hold for two years - they just require you to have held the original property and the replacement property/ies for periods totalling two out of the five years preceding death, and to hold the final replacement property at death. E.g. if I hold qualifying property A for one year, then replace it with qualifying property B and also hold that for one year, and then die, my estate does get the relief.

There is however a potential issue about what counts as "replacing". says that there has to be "some tangible connection or link between the pre-existing property and the later property" for it to count and gives an example where it doesn't. But I don't really know just what "tangible" means in that - about all I can say is that the more directly and obviously the new share is a replacement for the old one, the better.

Having given that link, I should also say that its second bullet point seems to be quite misleadingly written, suggesting that each item of property has to be held for two out of the five years preceding death. The underlying legislation is in and is much clearer that it's only the combined periods of ownership that have to total at least two out of the five years preceding death.

Gengulphus

[doubleorquits] 17/5/2017 09:28

jimbowen,
That's right. I'm not sure if that is actually stated but as long as you keep the records then you do not have to reinvest proceeds immediately although the money held is not exempt in that status i.e. it has to be invested at the time of death to secure the exemption.

One question I have: what is the situation if I hold a qualifying share for, let's say 12 months, but sell it and then reinvest the proceeds in another qualifying AIM share? Do I start all over again or does the one year qualify as part of the process?

[jimbowen30] 16/5/2017 17:51

Doubleorquits,
Once you've held for two years, I also believe you have up to three years to reinvest the proceeds.

[doubleorquits] 16/5/2017 16:32

Following on:
They have to be held for two years but after that the money can be reinvested in another qualifying AIM company without losing its IHT exemption status.

[gengulphus] 15/5/2017 15:33

To be precise:

* They must not be "listed" anywhere - some AIM companies are listed on foreign stock exchanges and they don't qualify. AIM companies only get in at all because being on AIM doesn't count as being "listed" - the main purpose of the IHT exemption is to allow people's businesses to be passed to their heirs without a potentially business-destroying IHT bill even if the business has been incorporated as a private company, and AIM companies only get it by happening to be just the right side of the legal borderline.

* They must be "trading" companies, not "investment" companies - that's basically to prevent people getting the exemption just by incorporating their investment portfolios as private companies.

Gengulphus

[1olddog] 13/5/2017 21:41

Telford qualify but not all AIM shares. They have to meet certain conditions.

[jimbowen30] 13/5/2017 12:41

yes they still qualify as long as you hold two years

[dilip40] 13/5/2017 08:51

if your aim co shares are in an isa does one still get iht exemption tia

[jimbowen30] 09/5/2017 14:54

Yes I sincerely hope not too. Stay on AIM please!

[nocton] 09/5/2017 14:50

Hope not as invest in AIM shares for IHT relief, so would sell if they did.

[pillion] 09/5/2017 13:53

Any chance of TEF upgrading from the AIM market to full status ?

[hillofwad] 04/5/2017 17:53

TEF cranking up sites at a rate of knots this year with planning consent ready to rock . TEF normally buy sites where they can add value through planning betterment
It looks very likelyey that this site and Stone Studios heading straight down to feed the PRS machine. Folio 9 Notting Hill) or M&G ? Relationships formed the money is there -they are geared up and making hay whilst the sun is shining . Great location too .

[pillion] 04/5/2017 16:06

The gross development value of the scheme is expected to be circa GBP95 million and the Group intends to commence work on site later in 2017 with completion anticipated in 2021....

[pillion] 04/5/2017 15:27

Good news re South Kilburn. Pref Partner !!

[aimingupward2] 04/5/2017 13:07

Excellent! All 'grist to the mill' and has promptly turned the share price back upwards after the recent little retrace.

Exciting, too, as the rns says, that this gives them a first entry into dealings with Brent.

My other building Co, RDW, also moving back up!

[jurgenklopp] 04/5/2017 11:31

Telford Homes Plc

('Telford Homes' or the 'Group')

Selected as preferred partner for 236 new homes in South Kilburn, NW6

Telford Homes Plc (AIM: TEF), the residential property developer focused on non-prime London, is pleased to announce that it has been selected by the London Borough of Brent as their preferred partner to redevelop Gloucester House and Durham Court, a significant residential development site situated between Cambridge Road and Kilburn Park Road in South Kilburn, NW6.

The 3.2 acre site, which is located 100 metres from Kilburn Park underground station, has detailed planning permission and represents the second phase out of a four-phase masterplan for the regeneration of South Kilburn. The development will deliver 124 new open market homes, 102 affordable social rent homes and 10 shared equity homes in buildings ranging from four to eight storeys high.

The consented scheme has been designed by Fielden Clegg Bradley Studios working with Alison Brooks Architects, Gort Scott Architects and Grant Associates and has recently been shortlisted for a Housing Design Award 2017. The gross development value of the scheme is expected to be circa GBP95 million and the Group intends to commence work on site later in 2017 with completion anticipated in 2021.

The Group will make a further announcement upon entering into formal legal documentation with the London Borough of Brent.

Jon Di-Stefano, Chief Executive of Telford Homes, commented: "We are delighted to have been selected as the preferred partner of the London Borough of Brent for the redevelopment of Gloucester House and Durham Court. South Kilburn is undergoing major regeneration and our involvement represents the start of an exciting new relationship with Brent and our first development in the Borough. We look forward to exchanging contracts in the near future and commencing work on site later this year."

[pillion] 02/5/2017 21:06

My holding
CRST
TEF
HSTN
LLYD

All in profit at the mo

[aimingupward2] 02/5/2017 20:50

They're the two housebuilders that I hold too! Feel pretty confident re their prospects. TEF had a rest today; could be a good opportunity to add.

[jurgenklopp] 28/4/2017 16:55

TEF and RDW are the housebuilders shoring up my ISA at the moment.

I'll get Sakho back from Palace (he's been punished enough) and this time next season ........

;o)

[kop202] 28/4/2017 13:36

Jurgen You just concentrate on shoring up Liverpool defence and leave the share tipping to others

[aishah] 28/4/2017 10:16

2 small-cap income stocks with monster dividends

AIM-listed Telford Homes (LSE: TEF) received a nice little boost earlier this month when management confirmed that it was expecting to report record levels of revenue and profits for the year to 31 March 2017. Shares in the London-focused residential property developer have rallied since the announcement on 5 April, gaining 60p or 17% in just three weeks. So could this be a sign of better things to come from Telford, or is this just a flash in the pan?
London-focused
With a market capitalisation of just over £316m, Telford Homes doesn?t get as much media coverage as other larger housebuilders…

[jurgenklopp] 27/4/2017 16:27

Very strong this afternoon.

It bodes well.

[owenski] 27/4/2017 16:26

Well said Hillofwad

[hillofwad] 27/4/2017 16:12

Yes despite continuous unbroken good news on the operational level the share price drifted downwards from the giddy heights of the 490s sometimes very diffcilut to keepthe faith You need look no further than Blackrock,Artemis together with Cazenove who have shed about 10% of the company without a new kid on the block emerging to pick them up Shorters like Old Mutual too Its only us private investors who have kept up the interest

Anyone who has been following TEF can only be impressed with the way the company operates it does exactly what it says on the tin in an untriumphal businesslike manner full of integrity Simply marvellous and surely one of the better succcess stories ofthe AIM Lets face it we are pretty darn lucky to be invested here

[pillion] 27/4/2017 15:35

Oh yeah, Hackney Wick is a brilliant area.

Cheers runthejoules; it might not be too late


No advice intended