user_36389

Registered with Property118.com
Monday 6th April 2020


Latest Comments

Total Number of Property118 Comments: 6

Raj_aryan

15:32 PM, 26th April 2020
About 6 months ago

Raj_aryan

22:34 PM, 21st April 2020
About 6 months ago

Shock electricity bill for void period?

Please check with management company in case they have mixed up the accounts if this is leasehold property.

I have always wondered one thing....Does it impact your credit report if you as a landlord is not reachable or utility companies keep sending the bills and recovery letters on landlords name at the rental address for example which are you completely unaware of?... Read More

Raj_aryan

18:16 PM, 14th April 2020
About 6 months ago

What's the process for creating a deed of trust to transfer rental income to spouse?

Reply to the comment left by The Secret Landlord at 14/04/2020 - 14:20
My accountant asked me to contact a solicitors who then asked to contact chartered property tax adviser to confirm as form 17 is not available directly to joint tenants. It will only work for tenants in common but it will incur stamp duty if there is a mortgage involved.... Read More

Raj_aryan

10:29 AM, 13th April 2020
About 6 months ago

What's the process for creating a deed of trust to transfer rental income to spouse?

Reply to the comment left by Mark Alexander at 06/04/2020 - 22:48I don’t know what is right about SDLT on DoT via form 17 between spouses based on the below
https://www.taxinsider.co.uk/watch-out-for-the-stamp-duty-tax-trap-when-gifting-a-property-ta
Also, I looked at some Hmrc guidance yesterday and there view is very much in line with mine.
Because a transferee normally accepts joint and several liability for any existing debt concerns had been expressed that transferees might be chargeable on the full amount of the debt even if they acquired only a part share of the property.
FA03/SCH4/PARA8(1B) ensures that in determining the amount of debt assumed each person’s liability for the debt is taken to be a proportion of the debt corresponding to the share that they own in the property subject to the debt.... Read More

Raj_aryan

12:43 PM, 7th April 2020
About 7 months ago

What's the process for creating a deed of trust to transfer rental income to spouse?

Reply to the comment left by Mark Alexander at 06/04/2020 - 22:48
Well, what if HMRC come back asking for SDLT.. how can landlords protect themselves if SDLT is later demanded ?

Is there a calculator to understand the risk amount ?... Read More