Chris Bradley

Registered with Property118.com
Friday 6th December 2019


Latest Comments

Total Number of Property118 Comments: 40

Chris Bradley

15:05 PM, 10th April 2021
About 21 hours ago

How much will it cost to solve my tax problem?

Reply to the comment left by Royston Olner at 10/04/2021 - 14:56
I can understand it taking time, I've done two properties up, doing most of the work myself, taken over two years, not much expenses in the full refurb, mainly capital and of course I can't charge for my labour. Glad you got them rented out now... Read More

Chris Bradley

9:06 AM, 10th April 2021
About A day ago

How much will it cost to solve my tax problem?

I'm confused regarding the last comment as you have indicated that expenses have exceeded rent for almost 10years. Have you incorrectly set refurbishment costs off against rent as these would be capital expenses not revenue expenses? Or does the mortgage exceed the rent. I can understand set up expenses maybe lasting 2 years but 10years rings alarm bells... Read More

Chris Bradley

17:38 PM, 9th March 2021
About a month ago

Can I withhold tenant access temporarily?

I would let him in, and stay till police arrive. You have made a criminal damage report, A is guilty of that and needs to interviewed by police, probably charged-- you will need this as evidence if you want to evict A. Meanwhile reach out to any family/friends you know of A, a guarantor or a family address given on tenancy. A missing person report may be needed, he could need help, or staying with family. He might not want to ever return and the sooner you locate him for that the better... Read More

Chris Bradley

7:40 AM, 27th February 2021
About a month ago

Can I report this to the police for fraud as UC might not do anything?

By definition of the law it would be fraud, as they claimed housing benefit, with no intention of using it for the purpose it was given. The main issue her is who did they commit the fraud against? I'd saw the UC as they are the ones who paid the money on the understanding that it would be paid to you. The council how,ever will not report them to the police. It's a shame as a big media coverage of a "guilty" in this matter would deter the others. This type of situation is costing the tax payer millions I'm sure. Good luck. Hopefully the MP will assist... Read More

Chris Bradley

7:30 AM, 27th February 2021
About a month ago

Property tax relief restrictions on personal remortgage?

I believe the previous comment is incorrect. Previous to 2015 any fund raised up to the original value of the property at the time it entered the rental market was deductable. The rules changed in 2015, where these funds must be reinvested into the buisness to be eligible.
Of course they are no longer directly deducted, they are entered for a basic rate tax credit of 20%, so higher rate tax payer doesn't get 40% only 20%... Read More