Furnished Holiday Let changes for those on the Flat Rate Vat Scheme
Author: Rupert Chapman
27th March 2025, 1 year ago | 0
Rupert Chapman
Removal of FHL – One man’s poison is another man’s meat. How will it affect you?
Author: Rupert Chapman
11th March 2024, 2 years ago | 5
Rupert Chapman
Registered with Property118.com
25th May 2023
Total Posts
2
Total Comments
14
Bio
An entrepreneur experienced in organically growing and selling sme businesses. Sector experience in food retail, insurance, tax and HR consultancy, Gov funded training, beauty aesthetics, residential and commercial property.
Currently based in Portugal, I divide my time between consulting on property matters and running a varied UK property portfolio that includes family lets, HMOs, social housing, serviced accommodation and commercial retail.
I run a property investor and developer membership group called Unity Property Professionals and run a social media group for UK property owners living in Portugal.
Lifelong hobbies include sailing and water based activities, most recently kitesurfing. Current challenge is to break 95 in golf, which should keep me busy for the remainder of my life.
In 2023, I will be 60 years young. I live with my wife, Elena and golden retriever, Hattie.
I have three successful adult children based in UK, one has a bookkeeping business, another is corporate senior management in the sustainability sector and the third is training to be a barrister.
27th January 2025, 1 year ago
This is many personal disasters waiting to happen. This stock has one exit - rental. The training companies told them the fundamentals : Make money when you buy Cashflow positive Have multiple exits. Buying into low income demographics means the...
Read More →21st January 2025, 1 year ago
Many professionals were somewhat surprised at the FTT decision. But TOMs is not a relief, nor an optional scheme. Those who applied TOMs following the FTT decision, based on their circumstances reflecting Sonder, were acting in accordance with the law....
Read More →14th September 2024, 2 years ago
I disagree that S21 is not a big change. I have long argued that right of tenure for tenants would be advantageous to both parties. Germany is a good model here and demonstrates that tenants with greater security of tenure...
Read More →8th August 2024, 2 years ago
Last year I brought a three bed semi from E to B. New water tank, rip out gas boiler, air source heat pump, solar, new radiators and insulation. The works were prescribed by a grant funded installer under the ECO4...
Read More →29th July 2024, 2 years ago
I was buying HMOs in Nottingham in 2018. There were numerous on the market that has previously received enforcement notices from planning on use class within its article four area. Without evidence of continuous HMO use since 2012 it was...
Read More →11th July 2024, 2 years ago
Thanks Mark If you post the question on the group linked below, I can tag specialist brokers that can help. It may be better to get a loan in Portugal, subject to qualifying UK income. Ex pat mortgages are more...
Read More →24th April 2024, 2 years ago
Very important question for all that are seduced by guaranteed rent offers. There is a growing trend of landlords signing their assets over to third party operators and I suspect this is set to continue. The answer, partly lies in...
Read More →10th April 2024, 2 years ago
Assuming you are legally correct, you face a disadvantage in that you are committed to the tenancy for three years and cannot issue a possession notice within that period. I appreciate you are looking for long term income (who isnt?),...
Read More →Reply to comment left by John Burnett-Hall at 08/03/2024 - 13:16
Reply to the comment left by Just Be Happy at 08/03/2024 - 13:16the story illustrates that many, probably most sa owners are on the wrong product but the upcoming licensing will mean that to continue, it is necessary to have...
Read More →Reply to comment left by Richard Poppleton at 06/03/2024 - 15:41
Reply to the comment left by Richard P at 06/03/2024 - 15:41VAT is based upon the type of supply. Long term letting is exempt. Short term letting is a vatable supply. There are more detailed rules regarding this supply, for...
Read More →Reply to comment left by John Maynard at 06/03/2024 - 14:27
It is pretty clear in the gov website summary. FHL will be abolished and the treatment of the income will now be the same as long term lettings. FHL is income tax only. Corporation tax is unaffected. Of course more...
Read More →14th February 2024, 2 years ago
I certainly have noted a shift in Michael Gove’s attitude to policy as more time passes since his dialogue with NRLA. He is prioritising vote winning comments over sense. We can expect some vote winning actions such as the scrapping...
Read More →24th October 2023, 3 years ago
The whole issue simplified: Property investors can legally purchase property in personal name. Alternatively, they can legally purchase property via ownership of a limited company. They can legally transition between the two and there are transitional tax reliefs available and...
Read More →7th August 2023, 3 years ago
This protects the agent commission in the event of rent default by the tenant. The landlord would be liable to pay the agent commission. It may also enable the landlord to get rent guarantee insurance. However, the insurer would fund...
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