Registered with Property118.comWednesday 10th July 2013
Reply to the comment left by Phil Ireland at 23/03/2018 - 08:43But that does not say what to enter for property finance costs, and the linked SA105 (property) documents only go up to 2017; it is the 2018 SA105 and guidance notes that are needed to identify what to put into tax return when S24 is applicable.... Read More
Reply to the comment left by Neil Patterson at 23/03/2018 - 08:15My understanding is that they are looking at small ltd companies (maybe private limited companies?); using 'look through' to use personal taxation rules on the owners rather than company taxation rules.
And applying that to all businesses, not just landlords.... Read More
Reply to the comment left by Phil Ireland at 22/03/2018 - 10:10Please point us at where it says what information will have to be entered into the tax return.... Read More
Restriction on deposits should be based on the units of the rental period:
- If rent is paid weekly, then a multiple of weeks;
- If rent is paid monthly, then a multiple of months.
Working out a week's rent on a monthly period will be a pain and subject to rounding errors.... Read More
Reply to the comment left by Chris Daniel at 22/03/2018 - 13:36I was not commenting on invalidating an already-issued S21, I was observing that it appears that S33(2) can be entirely circumvented by a tenant going direct to the local authority.
S33(2) (b) effectively says "the tenant must give the landlord an opportunity to fix the issue" and if that opportunity is taken, then the council cannot issue a Relevant Notice under S33(2)(d), and so the LL is then able to serve a S21 at any time.
However, if the tenant does not complain to the Landlord as in S33(2)(a), but instead approaches the local authority directly, then the authority can issue a Relevant Notice (as defined in 33(13)), and S33(1) says the landlord is then prevented from serving a S21 for 6 months.
S33(1) does not say "a relevant notice issued under S33(2)".
Thus it appears that (as in the case of the original article) a tenant can go directly to the council, the council issues a "relevant notice" without giving the landlord the opportunity to address the issue and the LL is then prevented from S21 for 6 months; but if the tenant goes to the LL and the LL addresses the issue, then there is no effect on the LL's ability to use S21.
So the tenant is potentially in a worse position by going to the LL first... Read More