colette

Registered with Property118.com
Saturday 1st June 2019


Latest Comments

Total Number of Property118 Comments: 18

colette

14:56 PM, 23rd March 2020
About 2 weeks ago

To Let or to keep empty for present time?

well, you could always look for tenants who work for NHS or local authority and find out if they have worked there for 5 years or more. They get full wages for 6m if they go sick after 5 years service, so should be able to pay rent.... Read More

colette

15:40 PM, 31st January 2020
About 2 months ago

Getting deposit back from landlord illegally subletting?

Reply to the comment left by terry sullivan at 31/01/2020 - 10:32
terry, "plod" as you refer to the police was extremely helpful to my friend and she got the money back following a visit from them. I would not tar all police/forces with the same brush and from the viewpoint of the tenant he should try all suggestions put to him.... Read More

colette

19:29 PM, 30th January 2020
About 2 months ago

Getting deposit back from landlord illegally subletting?

Hi, regardless of anything else he produced a fraudulent deposit certificate to obtain money from you and in doing so made a personal gain of £800 he will not return. That is a criminal offence and you should involve the police. They will give you every excuse not to become inovlved including telling you it is a civil matter. It is not, he set out to defraud you deliberately and obtain money under false pretences and it is fraud. Tell him you are reporting this matter to the police unless your money is returned within 7 days and if not, then do go to the police. It happened to a friend and the police did take it forward by visiting the perpetrator and the money was returned when the "landlord" realised he could end up with a criminal record.... Read More

colette

12:44 PM, 22nd January 2020
About 2 months ago

Do I pay CGT if I sell to a friend at minimum value

Reply to the comment left by paul thomason at 20/01/2020 - 15:17
Thanks Nick but I have been paying off the mortgages and the last 3 will be done this year. I do not want to take out debt at my age.... Read More

colette

12:41 PM, 22nd January 2020
About 2 months ago

Do I pay CGT if I sell to a friend at minimum value

Reply to the comment left by at 21/01/2020 - 14:47
Thanks for your helpful reply. After discussion, I will sell the property to my friend for a lesser amount, taking into account work required to the house etc. He owns no other property and it will be his main residence. There may be a small amount of cgt to pay. At a point well into the future he will sell it and may at that time make a gift to my son of some of the proceeds so I do not feel like Al Capone with regards to tax evasion. With regards to my other properties I had been transferring them into tenants in common up to the annual cgt amount each year with my son, so he now has an interest in most of them. I did this in respect of possible care home fees and rules about tenants in common which apply to care home fees in Wales and how they assess property for care home fee purposes. I had to wait until each mortgage was paid off and do not wish to take out other mortgages now. However, if I do this with the 3 remaining properties left whose mortgages I will have paid off this year, will stamp duty be payable either on the percentage proportion he receives (equivalent to annual cgt allowance) or the whole value of the property? When I did the first lot of cgt exercises prior to 2016 higher stamp duty did not apply to 2nd homes etc.... Read More