Page 639 – Property118

Tax Planning for a different Scenario?

14th May 2017

Hi Mark, I have been reading your articles on Tax Planning for some time now, wonder if you can provide any assistance on the following scenario. I currently own a redundant nursing home in a limited company, we are looking at carrying out building work to convert to 17 self contained apartments and houses to […]

Fancy being part of the Property118 marketing team?

12th May 2017

We are offering a money making opportunity for people to help us to promote a proven Property118 product, and without you having to provide any up-front capital whatsoever. This isn’t a “job”, it’s the beginning of a small business opportunity. It’s a project you will be able to do in your own spare time and […]

Octane Capital launch ‘Productless’ BTL mortgage range

12th May 2017

New lender to the market Octane Capital, set up by the founders behind Dragonfly Property Finance, has launched its Buy to Let lending with a no “off the shelf” product offer. Instead of a range of prices based on Loan to Value and criteria Octane Capital will base the cost of the mortgage on the […]

Tenants trying to get away with washing machine!

11th May 2017

We fully refurbished the flat 2 years ago after the purchase. The tenant now leaving, but a year after moving in we were told at an annual inspection that the washing machine had broken and they had got rid of it and purchased their own. We were never told of the breakdown or removal. When […]

Smoke alarms for deaf tenants?

11th May 2017

I am about to let one of my properties to a couple who are both deaf. The property has two smoke alarms already but the new tenants would not be able to hear them. I feel I have a moral obligation to install something like the Fire Angel W2 SVP 630 system which provides a […]

Universal Credit help service case study

11th May 2017

Recently, we were approached by a landlord after he had not received rent for 3 months. Why? His tenant had switched from Housing Benefit to Universal Credit. The claimant was a disabled man on High Rate DLA. His wife was his full-time carer and they had two children. The family moved to the UK from […]

New BBC1 Programme about Landlords

11th May 2017

My name is Grace and I am a TV Researcher working on a new BBC One programme about landlords. The aim of the programme is a journey which will allows landlords to improve their knowledge of today’s rental market – and their own properties – by experiencing them first-hand as a tenant. It is also […]

Fees refunded if HMRC decline your non-statutory clearance request

10th May 2017

The biggest risk landlords can take when incorporating their business is to believe what they are told on the basis that it’s what they want to hear.  Tax planning is perfectly legal providing you follow the rules, including legislation known as GAAR which is an abbreviation for General Anti Abuse Rules. Famously, Lord Tomlin said on […]

Transfer of freehold from company into sole name?

10th May 2017

I currently hold freehold interest in my companies name. I wish to close down the company due to total inactivity. The freehold produces no ground rent nor deals with maintenance or insurance. I don’t want to sell the freehold interest because of its considerable worth – the related leaseholds are very short and located in […]

Housing Benefit and Universal Credit Assistant

9th May 2017

Caridon Property are a fast growing, award winning property letting and management firm based in Croydon, South London. We own and manage 1000 properties across London and the South East and are looking for hard-working, professional, organised individuals to join our team. Our business specialises in social housing tenants on Housing Benefit & Universal Credit […]

Tenant left the country and belongings?

9th May 2017

Our tenant has moved (we believe) to Portugal, leaving behind various items ranging from rubbish to a washing machine and tumble dryer. Including a large sofa and chair. Obviously we need to remove all these items in order to relet the property. There is damage to paintwork and carpets, and 2 weeks’ rent owing so […]

First tier tribunal for nonpayment of service charges

9th May 2017

We have had a case taken against us for what is supposed to be no payment of service charges. We have disputed the charges and so the landlord has issued proceedings against us, but we have now received a letter from the court stating the the judge has sent it to the first tier tribunal. […]

Camden Council licencing Prosecution – Can they stop sale?

9th May 2017

QUICK SITUATION REPORT. I am renting a 4 bed flat as a 5 rooms as the living room has been partitioned to create a room and there is a separate dining room for all. There is 5 tenants. 1 bathroom WC. 1 Toilet WC. 1 kitchen. This is where I am in my situation with […]

Has dividend allowance change for 17/18 been pulled?

9th May 2017

If anyone else benefits from the 5k dividend allowance that was reduced to £2k in the budget, there may be some good news. It looks like the proposal was pulled from the finance bill as they were rushing to get more important measures through. I have looked at HMRC and it does show the allowance […]

Charitable gifts and section 24

8th May 2017

If you are a higher rate taxpayer, then you get money back. E.g. if you give £100, then the charity can claim gift aid of £25 (which assumes you are a 20% tax payer) and if you pay 40% tax, you get another £25 back (see https://www.gov.uk/donating-to-charity/gift-aid ) On my tax returns charitable gifts increase […]

Can I become a shareholder in Right to Manage Company?

8th May 2017

In 2014 I bought a flat with a 999 year lease. I am the only owner without a share in the freehold. A Right to Manage company had just been set up that excluded the person I bought the flat from as he was the freeholder and they took him to Tribunal to gain the […]

Landlord licensing in Liverpool joke

8th May 2017

My brother rents a property and filled in part one in 2015 and paid the fee. He waited 10 months (unaware that the council had been told they shouldn’t have the requested the detailed information they did ) and waited for part 2. He received a couple of emails about part 2, but was unsure […]

How Angie and Dan Could Have Saved £280,000

6th May 2017

Angie and Dan are very successful landlords by most peoples’ standards. By 2015 they had amassed a property empire worth £10,000,000 with only £4,400,000 of mortgages. That’s just 44% LTV.  For several years, Dan and Angie had been drawing just £90,000 between them and using the rest of their profits (after paying tax at 45%) […]

Every HMO in Greenwich to be licensed

5th May 2017

Greenwich Council held a public consultation and ‘apparently’ 80% of residents were in favour of licensing all HMOs in the Area. Previously only the standard definition of HMOs were required to be licensed by the council. This was for properties over three or more floors five or more tenants. Now it will apply to all […]

Set up to Help Landlords secure solutions to HB and UC issues

5th May 2017

Caridon Landlord Solutions was set up with one purpose in mind; helping landlords secure solutions to any Housing Benefit (LHA) issues which might arise with local councils or DWP in relation to Universal Credit. For the past four years we’ve been developing and refining our strategy and gaining more and more successes in the process. […]

What can I do about Flue? Help please

4th May 2017

I have a property and to the left is a building, their building is my boundary, the side of it I mean. The business owners had a boiler Flue extruding out of it, it was hidden behind my garage so I didn’t mind, but this weekend they took out the old Flue and put a […]