Nancy Metz

Registered with Property118.com
Monday 11th June 2018

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 4

Nancy Metz

11:33 AM, 6th August 2020
About 4 months ago

Council tax department want copy tenancy agreement?

I had the same request a couple of years ago from Glasgow City Council. When I asked them the purpose of their request, they told me it was nothing to do with Council Tax, and that HMRC were using Councils to check that people with rental property were declaring the income for tax purposes.... Read More

Nancy Metz

9:30 AM, 4th July 2018
About 2 years ago

Downsizing into our Buy to Let?

Firstly I’d get myself a new accountant.
We asked our accountant about doing exactly what you propose. Our understanding is that you don’t pay any CGT on the sale of what is currently your primary residence, but that you do not escape CGT entirely when /if you come to sell the BTL property which you rented out until you moved into it. It seems that your CGT is calculated using the number of years you have owned and rented out the BTL property and the number of years you subsequently used it as your primary residence, as well as the increase in value since its purchase.
It may be worth it if your BTL has greatly increased in value since you bought it, but if it hasn’t, or you have owned it for a long time, the CGT saving may not be very significant.
Happy to stand corrected if we have misunderstood the rules!... Read More

Nancy Metz

11:45 AM, 14th June 2018
About 2 years ago

Commercial rent review tenant hiding?

Thanks for the very helpful comments. I feel better informed now to have a useful discussion with the Surveyor/Valuer about where we go from here.
Thanks!... Read More

Nancy Metz

10:08 AM, 13th June 2018
About 2 years ago

Commercial rent review tenant hiding?

Hi Neil
Not a stupid question at all!
However it’s not a case of the tenant having gone missing, but simply refusing to answer any and all communications. Emails and texts have been read, Recorded Delivery letters signed for. I appointed the agent to establish a fair rent increase and because the tenant had become extremely difficult and would not engage with me. Now he won’t engage with my agent either.... Read More