Andrew

Registered with Property118.com
Sunday 11th February 2018


Latest Comments

Total Number of Property118 Comments: 62

Andrew

16:59 PM, 21st May 2021, About 4 weeks ago

New EICR to cover any changes made by outgoing tenant?

This interview recorded with an electrician last year to help landlords understand the process and avoid being ripped off was shared by property118 see https://youtu.be/DFgK3uwkLwM

The report lasts for 5 years bit like a car MOT

As a landlord if you suspect a prior tenent has tinkered with electrics making them unsafe you have a duty of care to have them checked out to prevent you being named in a criminal prosecution if someone was injured

So No you dont have to undertake one after tenant changes but would advise doing if you suspect a problem may exist to protect you and your business... Read More

Andrew

16:54 PM, 21st May 2021, About 4 weeks ago

EICRs From Hell?

Last year I recorded this interview with an electrician which Property118 shared for everyones benefit https://youtu.be/DFgK3uwkLwM

From how you describe this - it sounds like the electrician may have used this for fishing for work

Given that to undertake the tests and capture recordings they have to connect into wiring at different points I would suggest he hasnt put something back correctly

What you report as fault would have shown up on his diaganostics report you get a copy of and would not have passed

I would ask to review this before you ask his trader body to review the report and a complaint you will be filing

Id suggest this chap may need avoiding in future... Read More

Andrew

20:01 PM, 3rd March 2021, About 3 months ago

Budget 2021 - Landlord Reactions

A brilliant property GIVEAWAY budget from Rishi Sunak - here is why this is a great budget - https://youtu.be/Zj-477nrxzA

This budget was full of good news and giveaways property investors can capitalise on... Read More

Andrew

13:24 PM, 12th February 2021, About 4 months ago

Council tax per room for HMO in Nottingham!

A year ago I wrote an article on how the VOA decision was overturned on Property118 and included a video link - I cant find the article but here is the video and details of why this case was won and additional arguements to help you

https://youtu.be/YFts5Qhxs9A - Tony Dand How I Stopped HMO Council Tax per Room Banding

Hope this is useful... Read More

Andrew

14:55 PM, 7th January 2021, About 5 months ago

12 Days of Property - Tax Planning 2021

Reply to the comment left by Chris Novice Shark Bait at 07/01/2021 - 13:33
Chris
This is a great post and demonstrates one size doesnt fit all. I would also suggest you take a big picture look at what you are doing / being advised.

By all means sell of non performing properties and restructure gearing if it is the optimal thing to do for your business

My advice is take take a wholistic look at all taxes and work several calculations out to find the optimal solution. Mark will do that as part of the process.

Examples of what I mean are
1> Continue as you are until all personal IT losses used up
2> Would you pay less total tax IT CT CGT SDLT by incorporating before all losses used up?
3> What is the optimal timing to begin the process so as IT are used up it switches within a very small timeframe so you arent clobbered with Section 24
4> What possible changes could impact your decisions
5> Depending on age / family circumstances how does this sit with your IHT planning a tax often over looked when worrying about today we forget the whole of life tax cost

Hope thats useful food for thought... Read More