Page 518 – Property118

Tax Planning Bodge Jobs – Limited Liability Partnerships “LLP’s”

18th August 2019

This is VITAL INFORMATION that all landlords need to know. Please share. Whilst LLP’s are one of the most popular structures we recommend to landlords, the purpose of this article is to serve as a warning that other firms are mis-selling the benefits of them. If it waddles like a duck, quacks like a duck […]

Tax Planning Bodge Jobs – inter company lending

18th August 2019

Having shared a Tax Planning case study on Facebook recently I have been amazed by the responses which show  how many landlords have bodged their tax planning in regards to lending money from their trading company to their property company. The problem with such a structure is that in the event of the trading company […]

Landlord points that should have been included by Panorama

16th August 2019

Yesterday I made the TV Video for The Good Estate Agent. The points that Landlords felt should have been included in the Panorama Programme were most definitely included in this video which is to be shown, uncut, on You Tube and takes 90 minutes. (see below) Landlords felt that Panorama was deficient in that it […]

New 1 bed apartments in the centre of Woking

15th August 2019

Property Investor Partnership is delighted to be offering 1 bed, build-complete apartments in the centre of Woking, exclusively discounted by 10% off list prices! Prices start from £193,500 rising to £247,500 for a 1 bed apartment, with amazing predicted yields of up to 7.1%. This development is located in the centre of town, and it is just a […]

Selective Licensing costs used for Nottingham Carnival?

15th August 2019

Nottingham Selective Licensing are sponsoring the local Nottingham Carnival this year. I believe this is being paid for out of the money raised from Landlords via the Selective Licensing Scheme. Now the government rules regarding Selective Licensing Schemes is very clear in that they are not allowed to make a profit from the money raised. […]

Update on Errors in English Private Landlords Survey

15th August 2019

I have received this email from the Govt EPLS Survey Dept: Re English Private Landlord Survey and English Housing Survey By email: From: EPLS Date: Tue, 13 Aug 2019 at 11:27 Subject: RE: English Private Landlord Survey and English Housing Survey Many thanks for your email and your interest in the English Private Landlord Survey […]

Scotland’s best

15th August 2019

Landlords of rented properties in Aberdeen City and Aberdeenshire are being praised for renting responsibly after SafeDeposits Scotland researched rates of landlords failing to protect tenants’ deposits. The research found only 17 cases relating to properties with AB postcodes of landlords being taken to the First-tier Tribunal for Scotland (Housing and Property Chamber) by their […]

“Factually incorrect, misleading and just plain wrong”

15th August 2019

Claims that landlords’ use of section 21 “no fault” eviction notices is the leading cause of homelessness in the UK are “factually incorrect, misleading and just plain wrong”, says the National Landlords Association (NLA) as they take their case to No. 10. Research by the NLA, using the Government’s own statistics*, found that of 33,020 […]

High Court enforcement for business – Webinar

15th August 2019

In this CPD webinar the Sheriffs Office will cover High Court enforcement for business, this webinar will be useful content for solicitors and credit controllers and for any one who has their own business. Time and date of the webinar: Wed, Sep 11, 2019 12:30 PM – 1:30 PM BST Click Here to register Recover […]

Keeping the pot on the boil

15th August 2019

I make no apology for keeping the “Pot on the Boil” as the topic of how Boris intends to provide four million homes and where the Private Sector Landlord fits into his vision needs to be clearly explained. In 2010 Gordon Brown said we need three million more homes. Since then one million new homes […]

The cost of evicting a rogue tenant can really set you back

15th August 2019

Research by independent letting and sales agent Benham and Reeves has looked at the unfortunate cost of landing a bad tenant and how much this can reach during the gruelling process of having them evicted from the property. Previous research by Benham and Reeves highlighted the increasing number of fraudulent lettings applications by rogue tenants, […]

Surely there must be a more tax efficient way?

14th August 2019

In a nutshell; my wife and I own a trading company which produces profits of circa £200,000 a year. The company pays corporation tax on these profits. We each draw a salary of £12,500 (which is tax free) based on advice from our accountants.  We then declare £37,500 each of dividends, on which we pay […]

Work harder to solve the housing crisis

14th August 2019

A recent IPSOS Mori survey for the Chartered Institute of Housing has shown the public don’t think their politicians are working hard enough to solve the housing crisis. Renters are particularly concerned with the survey showing: – 44% (45% of private renters and 43% of social renters) are either very or fairly concerned about their […]

Must I tell the Local Authority?

14th August 2019

Penultimate sale completed just over a week ago. I am no longer providing social, educational and interest free loan services; the Gov’t can do it now. A muted hooraaah. Being the belt and braces type, I follow up all loose ends. I know from experience it takes time for sale information to wend it’s way […]

Rapid eviction of tenants – Q&A

14th August 2019

I thought an HMO required an AST because of mortgage company requirements. Is a license acceptable for HMOs? An AST and a licence are two very separate things, an AST is the legal contract between the landlord and a tenant. A licence required by law if you rent to 5 or more people who constitute […]

Don’t worry Boris – Fergus will give you a home

14th August 2019

You need not worry Boris, because if you are Evicted from No 10 after the end of October when you have a general election Fergus will give you a home, but only on an Assured Shorthold Tenancy in leafy Ashford on Park Farm! I do not want to put you on the spot Boris but […]

Landlords in the Doldrums since Section 21 ban announced

14th August 2019

Landlord confidence in their own lettings business has reached a record low, according to research* by the NLA. In their survey for Q2 2019, only 29% of landlords said their business expectations for the next three months were good or very good, the lowest level since the survey began in Q4 2006. Confidence levels dropped […]

Landlords – what would YOU like to see in a training course?

13th August 2019

One of the main concerns landlords have is keeping up with the myriad new laws and regulations that keep coming out. Not to mention getting a grip on the laws we already have! I am in the process of developing a major new training course to help landlords with this.  It will be an online […]

When you need a torts notice

13th August 2019

A torts notice is a legal document alerting the owner of items that have been abandoned on private land or property. It is issued in accordance with the Torts (Interference with Goods) Act 1977. The fact that items or property have been left on your property or land makes you an involuntary bailee. This includes […]

Stoke-on-Trent escapes for now

13th August 2019

All councils that wish to introduce Selective Licensing schemes that cover more than 20% of the area or 20% of the privately rented homes must first seek permission from the Ministry of Housing, Communities & Local Government (MHCLG). Stoke-on-Trent have recently had their application refused by MHCLG for a scheme that would cover 3000 properties in […]

Cheap money – don’t miss out!

13th August 2019

Birmingham Midshires have just launched an interest only, five year fixed rate buy-to-let mortgage with an interest rate of just 1.95% for purchases or 1.97% for remortgages up to a maximum of 60% Loan to Value. Low geared landlords will be rubbing their hands with glee! Only yesterday I spoke to a landlord who owns […]