Page 644 – Property118

Was this the biggest landlord tax planning event ever?

29th April 2017

The picture below was taken at the Baker Street Property Meet on Wednesday 26th April 2017. A reported 379 high net worth private landlords are featured in this group “selfie”. It’s not too late to see the presentation, or to watch it again. We have added several extra slides too based on the questions asked […]

A personal view of Shelter’s latest anti-landlord campaign

29th April 2017

I am writing my thoughts here about Shelter, because they appear to have banned me from their Facebook page. I can still see their campaigns, but have no right to reply on their site, so have chosen to point out here what I would have written on their page: Shelter’s latest campaign is about mental […]

How to use CGT allowance when you don’t sell your properties?

28th April 2017

I have never used my CGT allowance as I thought you needed to sell a property to use it. Someone has told me though that it can be used by putting it each year into trust for your children. My understanding is that you have to allocate it to a particular property. Is it the […]

Unethical property management practices

28th April 2017

I am a landlord renting a property and was going to enter into a two-year tenancy agreement with a property management company. Prior to this the agreement was via a letting agent which outsourced it to the property management agency so at the end of the agreement with the agent, I thought it would make […]

Letting Agent changes terms and conditions?

27th April 2017

My letting agency has recently advised me of changes to their terms and conditions in which they are increasing their landlord (and tenant) renewal fees from £84 to £132. I am a landlord of two properties, one of which renews every 6 months with rent paid (to the agent) in advance. I believe these to […]

Rent Controls likely in Edinburgh!

27th April 2017

Shelter Scotland and the Green Party are now calling for Rent Controls to be introduced in Edinburgh. The Scottish Government has so far implemented every suggestion that Shelter has had for the Private Rental Sector whilst The Green party are currently the kingmakers in The Scottish Parliament so very influential. As housing is a devolved […]

Nightmare Tenant – No rent payments, two mortgages and mounting legal fees

27th April 2017

Today (Thursday 27th April, 9pm) on Channel 5s “Nightmare Tenants, Slum Landlords”, a Watford landlord has a fight on his hands when his long-term tenant stops paying rent and unleashes a deluge of abuse when he tries to evict her. With rent arrears already at £6000 and mounting legal costs, builder David Simpson has been […]

Stamp Duty planning for purchasing partners plot?

26th April 2017

My partner (not married) owns a bungalow (principle residence). She has obtained planning permission for the demolition of the bungalow and to build 3 houses on the plot (1 x 4bed detached and a pair of 2 bed semi’s). My company (incorporated about a year ago to build and retain rental properties) has agreed to […]

Government hopes to make Universal Credit payments easier for Landlords

26th April 2017

With talks in the media of DWP claiming that they plan to make the process for direct payments to Landlord’s easier. On 11th April 2017 DWP released a new UC47 Alternative Payment Arrangement application forms; enabling landlords to apply for direct payments. On both the secure and non-secure forms landlords can also apply for repayment […]

Quarterly Digital Tax returns dropped from Finance Bill

26th April 2017

The requirement to complete quarterly digital tax returns to HMRC that included Landlords has been one of the 72 clauses to be dropped from the Finance Bill out 135 clauses in total. The Government has slashed the size of the Bill in an effort to rush the legislation through before the end of this Parliament. […]

Putting pressure on your Conservative MP

25th April 2017

Here’s a letter template for you.   Dear …….., For the first time, as a long-time supporter and member of the Conservative Party, I am struggling for a reason to vote Conservative! I would never even in my worst nightmare ever believe that a Conservative Government would wage such punitive attacks on small Landlords, without […]

Working with your local council

24th April 2017

We all know that from time to time working with, or against, your local council will be something a landlord or developer has to deal with. 9 times out of 10 the housing, environmental health or planning officers are willing to work with you. It’s always best to work with them, even if you don’t […]

Transfer of unencumbered property from partnership to a Ltd Co?

24th April 2017

I have done a fair bit of research on what taxes would be liable on the transfer/gifting of an unmortgaged property owned in partnership (not spouse) to a Ltd Co where the director’s are the same as the partnership. I understand, hopefully, that there is no SDLT to pay because there is no mortgage outstanding, […]

“Value” text representing property investment and renovation worth

Boiler replacement costs – reasonable or not?

24th April 2017

Property based in Essex. C09 postcode Rip out existing condensing combi boiler and replace. Boiler is being fitted back in same location. Any thoughts on price being quoted? I was anticipating around £2000 inc VAT. The quote from local independent Gas Safe engineer is below. We have listed all works to be undertaken by ourselves, […]

Worried Landlord now no win no fee solicitor is involved

24th April 2017

I am a landlord with an existing tenancy having come to an end. Since the tenant moved out, we have received letters from a no win no fee solicitor acting on behalf of our ex tenant asking us for compensation for not giving her the correct DPS prescribed information. Whilst we did outline in our […]

Kate Faulkner’s FTB analyses highlights myths of Landlord effect on market

24th April 2017

Kate Faulkner has released a summary of First Time Buyer (FTB) market data showing a rise in FTB activity, the bounce post credit crunch and the myths of media reported data. To see Kate’s full First time buyer price report – April 2017 please Click Here Kate comments on the data in her report that; […]

SDLT on transfer of mortgaged property to spouse?

24th April 2017

Summary: Is SDLT always due on a transfer of part of a mortgaged property to a spouse, even if the declaration of trust which gives effect to the transfer makes clear that responsibility for the mortgage has not changed? Background: I have two rental properties that I own with my wife, both of which are […]