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Finance Bill 2017 brings foreign owners into IHT net

Finance Bill 2017 brings foreign owners into IHT net

24/03/2017

The provisions of the Finance Bill 2017 seem to mean non-UK domiciled people and companies are brought into the IHT net to the extent that they own UK residential property (directly or through a trust structure). So the estate of a French or Chinese investor would suffer 40% IHT on death (with no reduction for… Read more


Wall hung letter box in corridor disallowed?

Wall hung letter box in corridor disallowed?

24/03/2017

I have just bought a leasehold flat and fitted a wall hung letterbox on the wall in the corridor right outside the front door, after sealing the letter box hole in the front door. I have been told I am not allowed to do so without much more information. I don’t see any specific terms… Read more


Council car parking rip off for HMO – Help!

Council car parking rip off for HMO – Help!

24/03/2017

I’ve just been informed by my local council that I need on street parking permit for each tenant in my HMO at a cost of £350 per permit instead of the £5 a year the tenants could get for there own vehicle. The tenants for my property are all contractors working in the local area… Read more



AIIC recommends Landlords allow tenants to decorate and make improvements

AIIC recommends Landlords allow tenants to decorate and make improvements

23/03/2017

The Association of Independent Inventory Clerks (AIIC) has recommended that Landlords and agents allow tenants to personalise, decorate and make improvements to their homes. This is following a survey by online home improvement platform Plentific showing that: 73% of tenants have carried out their own DIY 23% of tennats have spent more than £500 on… Read more


Popular central Birmingham Buy to Let opportunity

Popular central Birmingham Buy to Let opportunity

23/03/2017

A Buy to Let opportunity in the popular city of Birmingham is now available. Prices start from £149,995, which are extremely competitive value for the city centre location and an  attractive payment plan is also available. The development is situated in a prime location, with major attractions such as the Bull Ring shopping centre and… Read more


Does renting my property to a SPV avoid liability?

Does renting my property to a SPV avoid liability?

23/03/2017

I believe that by letting out properties in my own name I am potentially subject to unlimited liability lawsuits from tenants (apparently very unlikely but not impossible). Would I be able to restrict the limit of my liability by renting out my property to a SPV (Single Purpose Vehicle limited company) for market rent. The… Read more



On the other side – Benefit Capped tenants and affected landlords

On the other side – Benefit Capped tenants and affected landlords

23/03/2017

Did anyone watch Dispatches: Benefit Families on Channel 4 on Monday Night? The programme started off with single mother Karen, with 5 young children living in a two bedroom council flat in Lewisham South East London, the benefit cap has affected her by £90.00 per week. This amount is taken from her Housing Benefit award… Read more


Landlord training partnership launched by North Tyneside Council

Landlord training partnership launched by North Tyneside Council

22/03/2017

North Tyneside Council and the National Landlords Association (NLA) have announced a new partnership that aims to bring professional practice to the private rented sector (PRS). The partnership – the first of its kind between a local council and a landlord body – will see North Tyneside Council encourage local landlords to sign up as… Read more


Property Tech Company Raises A Further £8 million of Venture Capital

Property Tech Company Raises A Further £8 million of Venture Capital

22/03/2017

It has been reported that the founder of GoCardless (the direct debit service used by many landlords and letting agents) has raised a further £8 million to fund his latest property tech business. I have taken a quick look at the website and it appears to be a property based hybrid of WeBuyAnyCar and a traditional estate agency…. Read more



Article 50 and the UK Property Market

Article 50 and the UK Property Market

21/03/2017

The UK’s Prime Minister, Theresa May, finally confirmed March 29 as the day when the country will officially trigger Article 50 and therefore kick off the process to leave the EU for good. After the date had been confirmed yesterday, the Sterling experienced a minor decline in value against the US Dollar and the Euro…. Read more


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