Solutions for landlords with a Section 24 tax problem. First though, let's take a look at what Section 24 tax is and why it's so unfair. The following Case Study explains why so many property rental business owners are considering incorporation, by comparing the tax position of a private landlord vs that of a private hotelier. Let’s assume that both businesses own assets worth £2,000,000 and have 75% LTV mortgages secured on them at an interest rate of 5%. In other words,

Hello, I have completed on the purchase of a property with the existing tenants still resident. Their first year is up next month, and they signed another 1 year AST some months back (they are students). Should l ask them to sign a new contract as the old one is in the past owner's name (l have copies) or are they valid? Obviously, they know that the account details have changed. Many th

The NRLA is accusing the Chancellor of making landlords the scapegoats for the Covid-19 rent debt crisis as he turns his back on the support the sector needs. A new report published by the National Residential Landlords Association outlines the toll that COVID-19 has taken on the private rented sector. It warns that without financial support to tackle COVID-related rent arrears, the Chancellor is forcing landlords into a corner. They either have to accept continuing to receive no