Michael Tucker

Registered with Property118.com
Saturday 20th January 2018


Latest Comments

Total Number of Property118 Comments: 6

Michael Tucker

8:25 AM, 18th June 2019
About 10 hours ago

Don't forget Landlords Boris?

I would certainly not mind being in a position to pay 40% on my received pension.... Read More

Michael Tucker

7:28 AM, 18th June 2019
About 10 hours ago

Don't forget Landlords Boris?

Reply to the comment left by Michael Barnes at 11/06/2019 - 20:17
It certainly does work like that, the point you have missed is the amount that the Government contribute to your pension depends on your highest rate of tax paid! Example £6000 contribution by tax payer @ 20% = Government contribution £2000 total annual pension contributed to pension pot £8000 @ 40% = £10000. I hope that’s clear.... Read More

Michael Tucker

13:57 PM, 10th June 2019
About A week ago

Don't forget Landlords Boris?

If Boris is elected and, keeps his promise to up the 40% rate to £80,000 that will mean many landlords would be better off especially if they are married couples taking their total income to £160,000. The downside of course for some people saving into a pension fund, will be they won’t get the 40% rate added to their pension contributions until they earn over the new figure which could be never. However, it would allow them more money to pay into a pension plan. Bottom line is it would take a lot of landlords out of the 20% tax credit situation that most of us are facing at the present time, only to get worse from 2020 onwards.... Read More

Michael Tucker

10:29 AM, 18th March 2018
About A year ago

Is government thinking of disallowing operating costs, and for companies as well?

The Government really can see already what section 24 is going to do to the PRS. It is going to decimate the sector altogether, they have already taken away all incentives for prospective Landlords which, without them, the housing shortage would be far worse.
I believe bed and breakfast, will be where landlords could consider diversifying. There will be plenty of requirement for this type of accommodation as the private rented section goes into decline over the next few years unless, there is a Damascene revelation by the Conservative Government.... Read More

Michael Tucker

19:17 PM, 17th March 2018
About A year ago

Property sale - tenant has moved out and not returned keys?

If theTenant has moved out and they have informed the local authorities council tax department about their move, you or your agent will be sent a bill to let you know that you are now responsible for paying the council tax. As council tax as most will know, is paid from day one after the tenant has notified the council that they are moving out. If they have not informed the local authority they will of course be responsible for paying the council tax.
You could also speak to the local authority and ask if your tenant has given notice, no one would want to be responsible for payment of council tax on a property, where they are not residing.... Read More