SimonP SimonP

Registered with Property118.com
Friday 26th December 2014

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 24

SimonP SimonP

8:12 AM, 8th August 2020
About 3 months ago

Allowing family members to live in property without rent?

Income tax: renting out a property at less than market value means that expenses claimed are limited to the amount of rent received. In other words, nil profit/nil loss. In this instance since there is no rent charged then no expenses can be claimed.

CGT: is only chargeable upon disposal of the property. Nothing to do here until the property is sold.

When you mentioned that the landlord is not living on the property, that only affects the Rent-A-Room Scheme (income Tax). Nothing at all to do with CGT.

Incidentally, should you have a BTL mortgage, the terms will normally exclude family members from living in the property.... Read More

SimonP SimonP

21:41 PM, 16th July 2020
About 3 months ago

New Electrical Installation Condition Report Rules July 2020?

I thought the new electrical requirements had been put on hold as they were deemed to be lacking in proper information. Have I missed something?... Read More

SimonP SimonP

14:23 PM, 10th July 2020
About 4 months ago

I told the police they were not allowed back to the property?

Reply to the comment left by Graham Bowcock at 10/07/2020 - 13:58
Thank you for the information, Graham. I was under the impression that the government had set a limit of 5 years for ASTs but my friend, Mr. Google, confirms what you have said and I have just learnt something new.... Read More

SimonP SimonP

13:40 PM, 10th July 2020
About 4 months ago

I told the police they were not allowed back to the property?

Reply to the comment left by Puzzler at 10/07/2020 - 13:09
You may well be right Puzzler but I gave up long ago trying to second guess what people really meant when they post messages.
If they cannot correctly articulate all the facts, then they'll not get advice appropriate to their enquiry: in which case everyone has wasted their time, including the poster.
Not saying that that is what has happened here, I am just generalising.... Read More

SimonP SimonP

11:23 AM, 10th July 2020
About 4 months ago

I told the police they were not allowed back to the property?

There is an awful lot seemingly missing here: it doesn't make sense. I mean firstly how was the poster made aware that the husband had gone "berserk"? Is this a separate house or is everyone under the same roof?
Secondly, why would he have gone off the rails over the poster's daughter's death since they weren't even related, he being the poster's partner's husband.
Thirdly, the poster said that "we" let the property to them. Does that mean the poster and his partner jointly own the property? I am very confused.
And a 10-year tenancy? So no AST presumably?
And as suggested in another response, this may well be an illegal eviction since there must be at least 3 months' notice period for any notice given on or after 26 March 2020. This is because of coronavirus.
The poster should go back to the lawyer who issued the s21 notice for advice.... Read More