Having to completely renovate a rental to live in for a couple of years, I faced the same issue with rapacious freeholders - they wanted money to grant permission - and then have to obtain planning permission from the council...
Looks like HMRC receipts of CGT are going to rocket by y/end 21-22 and will continue over the coming years as private landlords bail out. Just watch the law of unintended consequences kick in and rents sky rocket for tenancies...
Just finished up my rental income numbers to submit to HMRC and this is the gig; Total return on investment on 2 properties, both with 100% occupancy and rent receipts, is a big fat 2.9%. Little wonder private landlords are...
Socialist mayor expects private property rental owners to foot the bill for private renters who can't/won't pay. So now friends, you are expected to become a charity but without the financial benefits of actually being a registered charity. And the...
No realistic rent increases for 2 previous running years of COVID lunacy, despite increased maintenance & other costs, and we're to continue "supporting tenants"? Where's the support for the provider of the housing service? Private sector landlords are a soft...
With returns of ~5% assuming no void periods or serious renovations at tenancy ends, added to which there’s a relentless stream of one-sided anti LL legislation, licensing etc. why would anyone in their right mind bother entering the PRS? Even...
Where is this in your article, seeing as its headline refers to CGT rather than IHT? “ I am pleased to announce the Government has accepted five recommendations from the second report on the technical and administrative issues with CGT,...
It is to provide lucrative employment to a section of the population. Rather than sow discord amongst the PRS, Shelter would do better to promote harmony. Their website does indeed provide tenants with a complete toolkit to behave obnoxiously if...
Articles abound suggesting asset prices aren’t about to fall and in fact say, property prices have been on the rise & will remain so for a while to come. No doubt prices are temporarily hardening due to the impending end...
Were CGT rates to rocket, the result would likely as not be a stagnation in property sales, thus people hanging on rather than baling out. At my time of life, I'd want to bale out of 2 of my 3...
That's pretty much exactly my experience back in June 20 with Romanian tenants. Just vanished with only an SMS informing me they've gone. Flat still full of their personal possessions. The letting agent I use advised me not to clear...
The way it's shaping up, and has been for a while, leads me to plan to leave the PRS. The govts. next step is to hike CGT, which further aims to punish the private landlord. I wish I could understand...
That's it for me... I've seen and heard enough. I'm now passing the responsibility to house people across to local councils and the govt. As soon as this C-19 nonsense has settled down, I'm putting in place a divestment plan...
By all means enact all those points and just watch the law of unintended consequences bite you hard. Then we'll witness the likes of Gangnam-Style try to convince us that she was only following advice and it wasn't really anything...
Reply to comment left by Gary Thomas at 21/12/2022 - 12:51
Having to completely renovate a rental to live in for a couple of years, I faced the same issue with rapacious freeholders - they wanted money to grant permission - and then have to obtain planning permission from the council...
Read More →25th November 2022, 3 years ago
Looks like HMRC receipts of CGT are going to rocket by y/end 21-22 and will continue over the coming years as private landlords bail out. Just watch the law of unintended consequences kick in and rents sky rocket for tenancies...
Read More →25th November 2022, 3 years ago
Just finished up my rental income numbers to submit to HMRC and this is the gig; Total return on investment on 2 properties, both with 100% occupancy and rent receipts, is a big fat 2.9%. Little wonder private landlords are...
Read More →31st October 2022, 3 years ago
Socialist mayor expects private property rental owners to foot the bill for private renters who can't/won't pay. So now friends, you are expected to become a charity but without the financial benefits of actually being a registered charity. And the...
Read More →20th September 2022, 4 years ago
No realistic rent increases for 2 previous running years of COVID lunacy, despite increased maintenance & other costs, and we're to continue "supporting tenants"? Where's the support for the provider of the housing service? Private sector landlords are a soft...
Read More →4th May 2022, 4 years ago
With returns of ~5% assuming no void periods or serious renovations at tenancy ends, added to which there’s a relentless stream of one-sided anti LL legislation, licensing etc. why would anyone in their right mind bother entering the PRS? Even...
Read More →2nd December 2021, 4 years ago
Where is this in your article, seeing as its headline refers to CGT rather than IHT? “ I am pleased to announce the Government has accepted five recommendations from the second report on the technical and administrative issues with CGT,...
Read More →Reply to comment left by DSR DSR at 14/09/2021 - 10:42
It is to provide lucrative employment to a section of the population. Rather than sow discord amongst the PRS, Shelter would do better to promote harmony. Their website does indeed provide tenants with a complete toolkit to behave obnoxiously if...
Read More →14th May 2021, 5 years ago
Articles abound suggesting asset prices aren’t about to fall and in fact say, property prices have been on the rise & will remain so for a while to come. No doubt prices are temporarily hardening due to the impending end...
Read More →9th February 2021, 5 years ago
Were CGT rates to rocket, the result would likely as not be a stagnation in property sales, thus people hanging on rather than baling out. At my time of life, I'd want to bale out of 2 of my 3...
Read More →21st January 2021, 5 years ago
That's pretty much exactly my experience back in June 20 with Romanian tenants. Just vanished with only an SMS informing me they've gone. Flat still full of their personal possessions. The letting agent I use advised me not to clear...
Read More →26th September 2020, 6 years ago
The way it's shaping up, and has been for a while, leads me to plan to leave the PRS. The govts. next step is to hike CGT, which further aims to punish the private landlord. I wish I could understand...
Read More →9th June 2020, 6 years ago
That's it for me... I've seen and heard enough. I'm now passing the responsibility to house people across to local councils and the govt. As soon as this C-19 nonsense has settled down, I'm putting in place a divestment plan...
Read More →16th May 2020, 6 years ago
By all means enact all those points and just watch the law of unintended consequences bite you hard. Then we'll witness the likes of Gangnam-Style try to convince us that she was only following advice and it wasn't really anything...
Read More →