Bristol Landlord

Registered with
Monday 18th August 2014

Trading Status
Sole Owner

Providing essential rental accommodation since

Number of rental properties owned
6 - 10

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 54

Bristol Landlord

4:55 AM, 1st December 2020
About 3 days ago

New HMO licence - Can Islington demand these conditions?

Sandy, welcome to the same world as the rest of us. I don’t know why your so surprised at this, my Victorian terraces in Bristol generally hold 4 tenants, have been regarded for years by Bristol City Council as HMOs and have recently been required to be licensed, at a cost of £1050 each after discounts. They have recently been inspected and I am now installing the latest fire alarm systems, fire doors etc. If I don’t do the work then I get a massive fine and the license is revoked, so there’s not much choice in the matter. I see this as a safety issue and the cost of doing business, as should you. I’m also putting up my rents as quickly and as high as I can to compensate, if the tenants don’t like it then they’re welcome to go live somewhere else.... Read More

Bristol Landlord

20:48 PM, 28th October 2020
About a month ago

Golden Visa Opportunities: The Top 10 Interesting Programs

Reply to the comment left by Beaver at 28/10/2020 - 17:38
I think you’re being very misleading, I said I hated Brexit, I never said I hated the people who voted for Brexit, completely different things.
Millions of voters voted out of the EU because they were deliberately misled by the Brexit campaign and didn’t understand the true issues.
Many believed the lie that there would be millions more in the kitty for the NHS despite the fact of the EU having absolutely nothing to do with how the UK Govt decides to spend the UK tax payers money. There would be way more money available for the NHS if it wasn’t wasted on things like the Trident nuclear missile program or by allowing multinationals like Amazon to pay next to nothing in taxes.
Brexit is a gigantic con affecting the lives of millions of people and all for the benefit of a few well connected multi millionaires.
Here’s some articles; Read More

Bristol Landlord

15:23 PM, 28th October 2020
About a month ago

Golden Visa Opportunities: The Top 10 Interesting Programs

Reply to the comment left by Beaver at 27/10/2020 - 13:13I’m not a professional international tax accountant but I’ve done some research.
If your a landlord with UK rental properties then you have two major taxes to pay, income tax on the rents and Capital Gains Tax if/when you sell up.
If UK resident then you will always pay both of these taxes, unless Resident but Non Domiciled I believe.
If you become UK non resident then depending on which country you move to you may or may not pay those taxes in your new country. Certainly the UK requires you to file a tax return on your UK rents wherever you are living in the world but your new country if it has a DTA with the UK shouldn’t be charging income tax also. Regarding CGT some countries cover that also with a DTA and won’t charge it if the UK doesn’t also. If you’ve already been UK non resident for several years, as have I, then the UK only charges CGT on gains made after April 2015.
The reason Portugal and Cyprus are good places to have residency are because they also won’t charge CGT on the sale of your UK properties.
Other places to investigate a move to escape UK CGT are Andorra, Gibraltar, IOM, Monaco, Malta, Belize, Hong Kong, Jamaica, Sri Lanka, Thailand.
Other countries with I believe CGT rates below UK are Bulgaria, Croatia, Czech Republic, Romania, Russia, Ecuador, Malaysia, Costa Rica, New Zealand, Singapore.
None of this information is guaranteed as it was done a couple of years ago, you must do your own research and obtain your own professional advice.
Brexit will also create uncertainty, which is why I hate it, nothing to gain but lots to lose.
There was a previous posting on this subject from 2018 which is very interesting. Read More

Bristol Landlord

3:45 AM, 21st October 2020
About a month ago

British Ex-Pat Bank Accounts to be CLOSED

Reply to the comment left by Mark Alexander at 19/10/2020 - 21:12
This week I called Lloyds Bank, with whom I have had an account for decades, and they confirmed they will be closing accounts of ex pats with addresses in Portugal, Germany, Holland, Slovakia, Ireland and Italy.
I then called HSBC who confirmed they would not be closing anyone’s account wherever they lived. They also said I could open an account online with whatever European address I had, just send them proof of ID and address.
So I think the course of action is clear.... Read More

Bristol Landlord

21:47 PM, 14th May 2020
About 7 months ago

Government's destructive path

Reply to the comment left by Steven at 12/05/2020 - 14:24Hi Steve, I used to really like the Steve Wright show, hey wait a minute, your name is Steven, are you Steve Wright and now a landlord?
I also really liked the Anne Nightingdale show on Sundays, she is cool, now DJs through the middle of the night I believe.
I totally understand you, the party in power for the last 10 years has ruined things for any landlord not a Corporate Landlord. The S24 tax changes I think really made it clear the government favored the corporate landlords.
Personally, I am favouring Portugal as a place to settle up and sell my places.
Interestingly, today I just got an email from Bristol City Council asking me if I’m interested to rent out my houses to them?
This is after they have already just nailed me for about £1200 per house for a 5 year Additional License with some 34 ridiculous conditions, some even making me responsible for a tenants Anti Social Behaviour. I already wrote to them to say that under law I can’t interfere in the life of a tenant and how can I possibly get a bad tenant to leave once we don’t have S21?
How long will it be before the invitation becomes an offer I can’t refuse due to my License being dependent on their Conditions?
“Bristol City Council needs in excess of 500 units of new accommodation for longer term private lets over the course of the next year.
As the property market gets moving again, you may now be looking at your options for letting your property, or for letting your client’s properties if you are an agent. There has never been a better time to get in touch with Bristol City Council’s in-house lettings team and find out more about how we can work with you. By renting through the council, you’ll enjoy a range of other benefits including rent guarantees, no agency fees and an ongoing comprehensive package of support for both landlord and tenant.”... Read More