Helen Mir

Registered with Property118.com
Tuesday 31st March 2015


Latest Comments

Total Number of Property118 Comments: 3

Helen Mir

13:17 PM, 8th January 2019
About 8 months ago

BTL losses brought forward and set off?

I've just come across this thread as I am trying to submit my return for 2017/18 and have encountered the same issue - after also doing it the same way for several years using HMRC's online portal before now, and not ever having an issue before now. This specific problem/bug is not listed on HMRCs list of exclusions, which is strange if they have known about it for this long.
So if I understand correctly, i should only put in the portion equivalent to this year's profits in the Losses to carry forward from previous years - this brings the profit to zero and means the tax calculation is correct. I will then put the remainder loss to carry forward to futures years in the notes box so that it is there on the return for future years?
So I can do this and still file online - and not have to file a paper return?
Thanks in advance for your help.... Read More

Helen Mir

20:02 PM, 28th February 2018
About 2 years ago

Consultation feedback halts Selective Licensing!

Reply to the comment left by Monty Bodkin at 18/02/2018 - 20:49
Thanks but i would have a big CGT bill if I sell up. I have 2 properties which i intended to use as my income when i retire. But at this rate it will all be eroded soon enough without me seeing much of it.... Read More

Helen Mir

16:51 PM, 18th February 2018
About 2 years ago

Consultation feedback halts Selective Licensing!

I own and rent out a flat in the London Borough of Harrow which is managed by a local estate agent. The flat is ex-local authority and the building is managed by the local council. At least they are who i pay the service charges to, although they don't really seem to do much for the amount of money i have to pay. I just found out via the estate agent that selective licensing is being introduced in the area and will come into effect on 14th March. However the council did not approach me in the consultation, even though they are fully aware that my flat is rented out. I have been in communication with them regularly, eg when a new tenant was leaving their rubbish in the hallway temporarily until they could take it down to the bin room when they went downstairs, and we spoke to the tenant and advised them not to do so. The agent even sent the council copies of the tenancy agreements on the flat, and I even pay an additional £70 annually to the council because my flat is rented out - they call this an admin charge to cover their costs as they have to send all notices to the property as well as to my home address. I recently refurbished the property, and the council attended to review it was upto standard and i was compliant with all the landlord requirements. After Grenfell they even asked for us all to provide our gas safety and electrical safety certificates which I duly complied with.
I'm therefore very unhappy that they chose not to widely communicate the consultation, which is now closed. Not many landlords were consulted, and the scheme has been passed and will come into effect on the 14th March. They want £550 for upto 5 years but have stated they are going to only run it for 3 years. Surely they should pro-rata the cost then?
What's even more annoying is the reasons they state for wanting to introduce selective licensing are all things that we have to comply with anyway, and the fact the council already monitors our properties to make sure we are compliant, this whole thing screams of them just trying to get more money out of us. If one of the main reasons is to prove the landlord is "fit and proper", then many accreditation schemes cover the same criteria for a lot less money. Also if a landlord has multiple properties and have been proved to be "fit and proper" then why do they need to buy a license for every property they rent out? Its doesn't seem like their reasons for introducing it are very credible. A landlord / estate agent should be licensed once and that should apply to all properties they own/manage?
Given that the council have not once written to me about the scheme, what options do I have? Can i raise a complaint about not being included in the consultation. Given the consultation seems to have been done in a very hush hush way, is there anything we can do?
Grateful for any advice you can provide.
Thanks... Read More