Michael Barnes

Registered with Property118.com
Wednesday 10th July 2013


Latest Comments

Total Number of Property118 Comments: 1373

Michael Barnes

16:44 PM, 20th January 2020
About 4 days ago

New electrical checks and safety standards for Landlords

Reply to the comment left by JJ at 20/01/2020 - 12:47
I cannot disagree with any of that.

That i why I have written to my MP expressing my concerns with the draft regulations, and I urge everyone to write to their MP today.... Read More

Michael Barnes

12:45 PM, 20th January 2020
About 4 days ago

Class 4 NIC automatically generated on Tax Return?

Phone HMRC and ask them. They may be able to fix it during the phone call.

As John says, it sounds like you have at some point indicated to HMRC that you are trading.... Read More

Michael Barnes

12:37 PM, 20th January 2020
About 4 days ago

Rental Income - Sole Owner's main residence?

1. No. It is the facts, not the reasons, that are important.

2. I believe there are ways to achieve this; take professional advice. It also depends on the ownership of the property and the named landlord.

3. Any changes you make will not be retrospective. You should be filing tax return up to the point where everything is transferred to your wife.

4. It probably depends on who's name(s) the mortgage is in. Again, take professional advice.... Read More

Michael Barnes

12:25 PM, 20th January 2020
About 4 days ago

Record increase in seller asking prices post election

What a load of rubbish is being spouted.

Asking prices are below July 2019.... Read More

Michael Barnes

12:22 PM, 20th January 2020
About 4 days ago

New electrical checks and safety standards for Landlords

Reply to the comment left by JJ at 20/01/2020 - 11:17
"So if the regulations are going to be implemented the best way to do that would be with a transition period for existing assured shorthold tenancies. Otherwise, a lot of people are going to be kicked out of their homes."

But the problem is that there are known to be many properties let by unscrupulous and criminal landlords where there ARE electrical safety issues (see, for example, articles by Ben Reeve-Lewis on LandlordLawBlog), so I presume that the intention is not to allow them any more leeway than absolutely necessary.

Legislation such as this is one more reason to have tenancies that become contractual periodic at the end of the fixed term: it avoids being "caught" by a tenancy becoming statutory periodic.... Read More