Alan Bromley

Registered with Property118.com
Sunday 31st August 2014


Latest Comments

Total Number of Property118 Comments: 26

Alan Bromley

10:10 AM, 3rd July 2020
About a month ago

What can freeholder do if leaseholder dies intestate?

You seem a bit confused as to your rights as Freeholder. The flat could be sold by whoever inherits it, whether that is a beneficiary in a will (who could also choose to live in it) or the Crown if the person dies intestate. It could be sold with the current lease or if there is a named beneficiary that person might want to extend the lease but as there are less than 80 years left that may not be worth the hassle due to the marriage value. If the Crown gets it they would probably sell it at auction and the buyer would negotiate the extension of the lease.

An executor (or the Crown) would be required to obtain the market value for the flat but you could buy it in which case you could extend the lease yourself and sell it on at a higher price. However, I'm not sure how the taxman would tax this increase in value so you'd need to take advice.

You won't be GIVEN the flat if there's any of the lease remaining which, since you are 76 and the lease is 53, would require a degree of immortality!... Read More

Alan Bromley

8:47 AM, 26th September 2019
About 11 months ago

Should I sell or risk tenants buying at undervalue price?

It's just one of the pottier policies that Labour are tossing around under Corbyn (like doing a raid on private schools and setting up a drug company). Partial confiscation of someone's personal investments (which is what this would effectively be) would fall under human rights legislation and they would have a fight on their hands, even where landlords have incorporated.

Realistically, the chances of Labour getting into power with an overall majority are nil. When he fails at the next election he will probably be tossed out by the party as there are already mutterings about this. Hopefully, it will swing back to the centre ground. Don't panic Mr Mainwaring!... Read More

Alan Bromley

16:15 PM, 4th September 2019
About 11 months ago

Just say NO to tax avoidance "schemes"

As someone who did a couple of contrived tax avoidance schemes back in 2004-5 I strongly advise you all never to do them. One of the schemes is still subject to final settlement. Needless to say, both scheme have resulted in me paying more tax than I would have done had I taken the money out of my company via accepted routes. If something sounds dodgy, it almost certainly is!... Read More

Alan Bromley

11:46 AM, 6th August 2019
About A year ago

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

I had this with Portsmouth Council. They said that I was liable if the student did not provide what would be regarded as personally identifiable information. I would try the student accommodation office who should be able to help you if the students are being difficult.... Read More

Alan Bromley

17:14 PM, 30th March 2019
About A year ago

Abject Failure of the ICO is beyond belief

GDPR was brought in largely to create a framework within which the gathering, trading and subsequent use of personal data can be justified by commercial and non-commercial organizations. It's purpose is not primarily to protect the individual. Perhaps to biggest get-out for any organization is 'legitimate interest', a catch-all terms which allows an organization to use your data for virtually any purpose it wishes to provided it can justify a need for that data.

That justification can simply be for marketing purposes, as I found out earlier this year. For example, Royal Mail sells your personal details gathered via its redirection services to companies such as Experian which, in turn, sells it on to companies that request your whereabouts.

While companies have a duty to protect your personal details from hackers, they are perfectly able to pass them around and use them as they wish.... Read More