Philip Hammond stated in the Budget: ‘A fair system will also ensure fairness between individuals so that people doing similar work for similar wages and enjoying similar state benefits pay similar levels of tax.’ I was very pleased to see this basic principle affirmed by the Chancellor as, logically,  he will now have to reverse […]

The Spring Budget 2017 was spectacularly boring and for a change barely affects landlords. One slight change is that the £5,000 dividend rate tax allowance will reduce to £2,000 per person in 2018, thus impacting incorporated landlords as well as all other others with shares in companies. To a basic rate tax-payer that will mean […]

I may have missed this, but has there doesn’t seem to have been much mention on the forum of the new Annual Tax on Enveloped Dwellings which is coming in in April? Seems to me that this will more than wipe out any tax savings made by incorporating for landlords who are investing in areas […]

I have 2 buy to let properties on mortgage. I am getting an overseas assignment later this year to India for 2 years. I was planning to expand my portfolio but thinking what happens if I move overseas. Is it better to buy through company or shall I continue to buy along with my wife […]

The English Housing Survey (EHS) is a continuous national survey commissioned by the Department for Communities and Local Government (DCLG). It collects information about people’s housing circumstances and the condition and energy efficiency of housing in England. The survey includes two parts; a household interview and a physical inspection of a sub sample of the […]

I have one property which I rent out due to the fact I moved in with my partner and initially just wanted the mortgage covered whilst I tested the waters. I have been renting it out for 5 years now. The rent is £550 and my mortgage payment is £520. My current tenant has indicated […]

My property management agency has increased its fees by 50% with no prior notice. When I complained to the manager and I was told told that this was stated in the brochure I received when I approached the company and that if I leave the agency I would have to pay three times the rent […]

Most Landlords are still trying to get their head around the Governments “Right to Rent” legislation and the effects and implications the new legislation has on them, so when they are dealing with tenants with “Leave to Remain” and suddenly this ends and their rent payments end, not only is it scary, but they don’t […]

I am looking for a cloud based software to run my family portfolio of properties. I use spreadsheets mainly, but find it confusing to split sensibly the costs and so time consuming! I wondered if there was any new updates to the 2013 discussion that covered Quicken 2002, Xero, Landlord Property Portfolio Software. Any hints […]

Organiser: Chris Daniel – Landlords Masterclass What a landlord can expect to gain from our Legionnaires Disease course: To have the Legionnaires Disease duties and responsibilities of a landlord thoroughly but succinctly explained. A customised and abbreviated summary of around a hundred pages of HSE literature on the subject. [ Summary is 16 pages ] […]

It might be useful for Property118 readers to vote in this poll by Moneywise on the forthcoming Budget. What do you want to see in the budget? Click Here Currently only 7.22% want to see scrapping of Buy to Let Tax changes. There is also a comments section which would provide a space for a […]

I am hoping I should be able to secure Possession Order this coming Monday. I have spoken to Bailiff department for Court in question and lady advised me that lead time is approximately 3 weeks. However I take this with pinch of salt as I had another Council in the past advised me similar sort […]

The Essex Property Network holds landlord events on the 2nd Tuesday of each month other than August and December. Next Event: Tuesday 14 March 2017 – start time 18:30 Location: Holiday Inn Brentwood, CM14 5NF (Onsite parking for just £1) Itinerary: 18:30 – Casual networking 19:00 – Members introductions 19:25 – Main event & special guest speaker 20:20 […]

I bought a tenanted house at auction and have been in touch with the letting agent to set up rent payments and copy of tenancy agreement. They are saying they haven’t managed the property since the previous owner went into admin. Rent has been paid for the last month. Surely the tenants pay by DD […]

I have been reading your Landlord Tax Tutorials with great interest since the beginning of this year. The penny dropped for me in one of the latest articles and I think my accountants negligence has resulted in my husband and I paying £5,000 a year more in tax than we needed to. I would be […]

Hi there. I have been a commercial tenant for 20yrs, but without a written lease. My original contract was for 1 year, but its ended up being there for 20 yrs. The landlord now wishes me to have a proper lease. The issue is he wants to do a short term 1-3 yr renewable lease. […]

Hello all 118 readers. I would just like to ask anyone if they can point me in the right direction to go.  My sister-in law who is resident in South Africa, but is British, wishes to invest the proceeds of a windfall in UK property (about £400,000). Is there a reputable company she can use […]

I am constantly amazed at the poor service most accountants provide in terms of tax planning.  I’m generalising of course, but my experience is that around 90% of accountants simply accept the status quo and report information to HMRC on the basis it is presented to them. For example, my consultations often reveal that accountants have […]

Just received the following from Local Landlords Association (Devon); HMRC consultation on preventing tobacco duty evasion: property implications HM Revenue & Customs (HMRC) has published a consultation on proposals to tackle tobacco duty evasion and other excise duty evasion. This follows an informal consultation in which several respondents suggested imposing a duty of care on […]

HMRC Quote; If you increase your mortgage loan on your buy-to-let property you can also treat interest on the additional loan as a revenue expense, but only up to the capital value of the property when it was brought into your letting business. HMRC Example; You purchased a buy-to-let property for £120,000 with a mortgage […]

I am looking for advice regarding an issue I am having with Private Landlord. I am a lone Parent in a Private Rented Property. I have a Short Assured Tenancy which has been a rolling contract as I have stayed many years at the property. My Boiler stopped working properly a fortnight ago, and although […]