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 […]

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 […]

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 […]

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 […]

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 […]

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%) […]

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 […]

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. […]

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 […]

I have been trying to redirect post on one of my rental properties to my home address as I would prefer no correspondence addressed to me is sent there. The post office postal redirect system failed on me on the last stage of payment options. I called them up to no avail as they insist […]

We are in the process of buying a small plot of land to the rear of our garden with a view to knocking down a wall and making the garden bigger. Our solicitor has advised us that we will be liable for stamp duty on this purchase as the land is to be added to […]

Having been in the rental business for nearly 20 years, I have had my fair share of bad tenants, leaving unpaid rent debt and generally trashing the property. Fortunately, this has not happened very often. but when it does it is a real eye opener. Just recently a tenant left me with £2k unpaid rent […]

I am an established U.K. landlord (not Ltd / incorporated) If I bought a property in Thailand to “refurbish” to ad to my buy to let portfolio (thus to rent out the finished apartments) could I deduct the costs of the refurb. from my usual U.K. buy to let profits ? I understand “not” with […]

The Housing and Finance Institute was set up by David Cameron’s coalition government in 2015 before the last general election. It want to repair the housing markets in run down seaside towns with a ‘Fair Value Rents regime’. The report wants to halt the continued decline of many neglected coastal towns by solving the “toxic […]

It is with great pride and delight I’m able to announce that Grace Charles Property is the first Official Property Partners of Norwich City Football Club 2017/2018 After just 3 years of starting the local business we’ve been able to agree, what is by far one of our biggest announcements as a company. From very humble […]

Following a change in regulations in January 2017, my Council have insisted that I upgrade a fire alarm in my HMO. It will cost £000’s, which is fine – especially if I can deduct it from income tax rather than capital gains! The alarm was formerly compliant and the expenditure is non-discretionary. “Spending to preclude […]

Whether you are looking to grow you business or to downsize and pay down loans, this presentation will reveal opportunities to save tax.  By popular request we have reproduced the presentation given by myself and Mark Smith at the Baker Street Property Meet in PDF format. This means you don’t need any special programs to […]

My relationship with a tenant seems to have broken down. They have called Environmental Health to inspect the property. I anticipate the buckling laminate floor in the lounge to be snagged. It had been previously agreed with the tenant (last week on apparently good terms) that this would be fixed in the Summer when it […]

I have served a section 21 notice to tenants giving 3 months notice. Reason for doing is B2L mortgage term ending soon. The tenants have made an application to the LA (South Devon) showing them our letter of explanation which complies with s21 requirements. The Council have now advised them that their application has been […]

Am a small landlord and with all these tax changes coming into play. Its best to play it safe and get some sort of insurance. Do you know of any good companies providing this cover ? Thanks Jiten

Normally, if you sell your properties you will realise a capital gain, which is the difference between the purchase price and the sale price. This gain is then added to your income and if you’re a higher rate tax-payer you will pay CGT at a rate of 28% of the gain.  However …. Did you […]