Alex McGuinness

Registered with Property118.com
Thursday 27th February 2020


Latest Comments

Total Number of Property118 Comments: 4

Alex McGuinness

5:41 AM, 4th March 2020
About 9 months ago

A guide to offsetting training expenses against rental income

Does this apply for self assessment because a new accountant is telling me that BTL's do not count asa business and therefore training and most subscriptions cannot be deducted.

E.g.
"The nature of property letting requires some activity to maintain the investment, but that is not enough to make it a business. For example, being a landlord normally involves:
undertaking or arranging for external and internal repairs

preparing the property between lets
advertising for tenants and arranging tenancy agreements
generally maintaining common areas in multi-occupancy properties; or
collecting rents.
In order for a property owner to be a self-employed earner, their property management activities must extend beyond those generally associated with being a landlord (which include, but are not limited to, the above)."
From HMRC Internal Manuel: https://www.gov.uk/hmr.../national-insurance-manual/nim23800... Read More

Alex McGuinness

4:37 AM, 28th February 2020
About 9 months ago

Student Council tax exemption - Proof required?

Reply to the comment left by Fen Jen at 06/12/2018 - 10:55
This isn't feasible either way - if you've got signed AST's before the term starts as you should have, you can't put up the rent or evict them.... Read More

Alex McGuinness

10:14 AM, 27th February 2020
About 9 months ago

If Students don't provide proof I'll have to pay Council Tax?

Reply to the comment left by Mr B2L at 06/08/2019 - 12:15
Hi Mr B2L, after providing an AST etc what is the next rebuttal when the council insists on a tax certificate?... Read More

Alex McGuinness

10:11 AM, 27th February 2020
About 9 months ago

If Students don't provide proof I'll have to pay Council Tax?

If I can't get the last certificate I need I will be attempting to use the guidelines of GDPR to get the university to release it to me.
This is because I already possess all of the data relating to the student that they are prevented from sharing with me without the student's consent. I'll send them my data protection policy as is required, and request they send me theirs so we can each be sure that we are responsible data controllers demonstrating due care and precaution over retention and sharing of data, as per guidelines.
If I can then show that I hold the name, contact details, course of study details, signed AST and incoming bank payments, emails and texts acknowledging their uni attendance and course dates, recounts of conversations I had with the tenant during the academic year, and statements from housemates confirming that they traveled to and discussed uni with this tenant, then reasonably there is no data the university has reason to withhold from me.
If this doesn't work then the next step will be to repeat this process with the council - hopefully with this overwhelming amount of data it should be reasonable to prove the student's status.... Read More