I’ll be signing this petition. We've been successfully self-managing for the last decade but sadly due to personal circumstances are now contemplating appointing a managing agent. I’ve been quite horrified by the lax drafting of their engagement contract. Obviously it’s...
A key point of the UT's decision - overlooked by the FTT - is the distinction between the nature of the property interest acquired by Sonder (namely a leasehold interest) versus the nature of the property interest granted by Sonder...
Reply to the comment left by Markella Mikkelsen at 16/04/2024 - 10:10If you’re speaking as a landlord, then I’m afraid you've misunderstood the laws of tenancy. By granting a tenancy you have expressly given up your right for your property...
You may not need to worry about UK CGT on a disposal to your sons if you're not UK resident at the time. But you may need to think about the equivalent tax in whatever country you are resident in.
Is this “revelation” by the Telegraph along the same lines as their “revelation” before the last Budget that the pension lifetime allowance was going to be raised? Except the government then did something completely different? Why on earth are you...
Obviously you also have to factor in the fact that if you leave £160k sat in the bank, its value will be diminishing by about 10% p.a. at current rates of inflation.
The assets used in a car rental business are generally depreciating assets. Property on the other hand has historically been a hugely appreciating asset, meaning that property owners are seldom exposed to risk of capital loss in the way that...
Very unfortunate if the s24 legislation didn’t take into account the CMS implications, but that's hardly the fault of the CMS staff who are legally obliged to apply the law as it’s actually written not as you/they think it should...
If Mum bought the property on a normal buy to let mortgage, I wonder if the mortgage company gave permission for it to be let to family (including grandkids apparently still living there with ex and new partner)?
What exactly do you mean by “HMRC has officially given them the thumbs up?” Is there some sort of published statement from HMRC (in which case could you provide a link)? Or does this just mean that HMRC have said...
Reply to the comment left by Judith Wordsworth at 19/11/2022 - 11:01Interesting idea. Do you think that would mean some landlords would serve notice on tenants who’d been claiming benefits but then found work? And if so, that might indirectly...
Reply to the comment left by Seething Landlord at 22/02/2022 - 12:13I completely agree. I’m not sure why Property118’s News Team have thought it helpful to run an article stating that: “ From 2025, all rental properties with new tenancies...
If he’s paid residential rates of stamp duty he may be able to get that reduced to non-residential rate on the basis that it’s too dilapidated to be suitable for use as a dwelling in its current state.
You probably need legal advice rather than accountancy advice. The first question isn’t whether you can come off the joint mortgages. The first question is how you and your ex will be splitting all of your joint assets and liabilities...
Reply to the comment left by michael O'Connor at 07/01/2022 - 14:56It doesn't say “major stake”; it says “major interest”, which is a different thing. “Major interest” means either a freehold or leasehold interest, as distinct from (say) a lesser...
To claim back the £8K SDLT on your current home, you'll have to dispose of the (currently let) Scottish flat within the required time period. You're suggesting gifting the beneficial interest in the Scottish flat to your mother, while retaining...
18th August 2025, 8 months ago
I’ll be signing this petition. We've been successfully self-managing for the last decade but sadly due to personal circumstances are now contemplating appointing a managing agent. I’ve been quite horrified by the lax drafting of their engagement contract. Obviously it’s...
Read More →21st January 2025, 1 year ago
A key point of the UT's decision - overlooked by the FTT - is the distinction between the nature of the property interest acquired by Sonder (namely a leasehold interest) versus the nature of the property interest granted by Sonder...
Read More →2nd July 2024, 2 years ago
It’s not a valid comparison though, is it? A taxi's a depreciating asset whereas a residential property isn't.
Read More →Reply to comment left by Markella Mikkelsen at 16/04/2024 - 10:10
Reply to the comment left by Markella Mikkelsen at 16/04/2024 - 10:10If you’re speaking as a landlord, then I’m afraid you've misunderstood the laws of tenancy. By granting a tenancy you have expressly given up your right for your property...
Read More →Reply to comment left by Jeremy Johnson at 08/03/2024 - 11:06
First time buyers won’t buy four bed houses. But people in 2 and 3 bed houses will, and the first time buyers will buy their houses.
Read More →7th May 2023, 3 years ago
You may not need to worry about UK CGT on a disposal to your sons if you're not UK resident at the time. But you may need to think about the equivalent tax in whatever country you are resident in.
Read More →7th May 2023, 3 years ago
Is this “revelation” by the Telegraph along the same lines as their “revelation” before the last Budget that the pension lifetime allowance was going to be raised? Except the government then did something completely different? Why on earth are you...
Read More →Reply to comment left by Tim Armitage at 06/04/2023 - 09:44
Obviously you also have to factor in the fact that if you leave £160k sat in the bank, its value will be diminishing by about 10% p.a. at current rates of inflation.
Read More →19th March 2023, 3 years ago
The assets used in a car rental business are generally depreciating assets. Property on the other hand has historically been a hugely appreciating asset, meaning that property owners are seldom exposed to risk of capital loss in the way that...
Read More →19th March 2023, 3 years ago
Very unfortunate if the s24 legislation didn’t take into account the CMS implications, but that's hardly the fault of the CMS staff who are legally obliged to apply the law as it’s actually written not as you/they think it should...
Read More →18th February 2023, 3 years ago
If Mum bought the property on a normal buy to let mortgage, I wonder if the mortgage company gave permission for it to be let to family (including grandkids apparently still living there with ex and new partner)?
Read More →18th February 2023, 3 years ago
What exactly do you mean by “HMRC has officially given them the thumbs up?” Is there some sort of published statement from HMRC (in which case could you provide a link)? Or does this just mean that HMRC have said...
Read More →Reply to comment left by Judith Wordsworth at 19/11/2022 - 11:01
Reply to the comment left by Judith Wordsworth at 19/11/2022 - 11:01Interesting idea. Do you think that would mean some landlords would serve notice on tenants who’d been claiming benefits but then found work? And if so, that might indirectly...
Read More →Reply to comment left by Ismail Sidat at 15/11/2022 - 17:47
No.
Read More →Reply to comment left by David Heal at 22/02/2022 - 12:13
Reply to the comment left by Seething Landlord at 22/02/2022 - 12:13I completely agree. I’m not sure why Property118’s News Team have thought it helpful to run an article stating that: “ From 2025, all rental properties with new tenancies...
Read More →Reply to comment left by Alex Caravello at 01/02/2022 - 16:28
Section 86 Income Tax Act applies to trading losses, not to property rental losses. Rental activity isn’t a trade for tax purposes, usually.
Read More →26th January 2022, 4 years ago
If he’s paid residential rates of stamp duty he may be able to get that reduced to non-residential rate on the basis that it’s too dilapidated to be suitable for use as a dwelling in its current state.
Read More →22nd January 2022, 4 years ago
You probably need legal advice rather than accountancy advice. The first question isn’t whether you can come off the joint mortgages. The first question is how you and your ex will be splitting all of your joint assets and liabilities...
Read More →Reply to comment left by michael O'Connor at 07/01/2022 - 14:56
Reply to the comment left by michael O'Connor at 07/01/2022 - 14:56It doesn't say “major stake”; it says “major interest”, which is a different thing. “Major interest” means either a freehold or leasehold interest, as distinct from (say) a lesser...
Read More →6th January 2022, 4 years ago
To claim back the £8K SDLT on your current home, you'll have to dispose of the (currently let) Scottish flat within the required time period. You're suggesting gifting the beneficial interest in the Scottish flat to your mother, while retaining...
Read More →Showing 20 of 36 comments