Which Landlords are classed as self-employed for Coronavirus help?

Which Landlords are classed as self-employed for Coronavirus help?

9:29 AM, 27th March 2020, About A year ago 42

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Following Chancellor Rishi Sunak’s announcements about the self employed able to access a taxable grant worth 80% of their average profits over 3 years tax returns –

Properties are emptying as tenants/guests are leaving due to the COVID 19 outbreak.

What landlords can be classed as self employed? Some landlords perform a trade and pay certain NIC contributions.

What would be the criteria to be treated as self employed so our landlord members can be more informed and possibly apply?

Thank you

Kevin



Comments

by Ray Davison

11:07 AM, 28th March 2020, About A year ago

Reply to the comment left by Freda Blogs at 28/03/2020 - 08:50I've signed the petition.
Come on everyone however you are paid, sign this petition to help probably the only group left that has not been offered any real support - The Owner Director whether in property or not.

by Kulasmiley

11:34 AM, 28th March 2020, About A year ago

Thank you all for your comments on this!

If we have a property that is divided into flats/rooms etc and the mortgage is £1,000 and three tenants don’t pay for 3 months (but are applying for Govt help scheme), then it could take a few months for them to get help?

Meanwhile ball the costs of letting, etc are still payable.

Landlords could still be in a cashflow predicament.

This is why we need NRLA or us to start a petition that we be classed as self employed immediately and scrapping of the sect 24 tax system. We are in a real crisis and are being left behind.

We are the very people that help get folks off the streets. This Govt is thinking outside the box - let’s push them further to think 🤔 about the above!

Any thoughts please (be kind to all replies my friends)😷✊💕.

Kevin

by Ray Davison

12:25 PM, 28th March 2020, About A year ago

A waiving of Council Tax for empty BTL properties would help a lot too as it will be impossible to let them in the next few months.

by Rob Thomas

18:04 PM, 28th March 2020, About A year ago

Reply to the comment left by at 28/03/2020 - 10:12
And, if so, to qualify for support under the Job Retention Scheme your job would have to be furloughed i.e. you couldn't do any work. If you are the only person running your rental business it's difficult to see how you could claim to be able to completely stop working.

by SimonP SimonP

3:46 AM, 29th March 2020, About A year ago

Reply to the comment left by Rob Thomas at 27/03/2020 - 15:11
I have just had a tenant leave and there is absolutely no way I will be able to find a new tenant for weeks, if not months, because of the coronavirus and the government's regs.

My council allows an Empty Property 100% Council Tax discount but for one month only. I wrote to them requesting an extension, asking them to fall in line with other government edicts, but have not yet received a reply. This discount should be given automatically. Councils will be unfairly profiting from the coronavirus whilst at the same time laying down rules which landlords have to follow or face consequences. THIS IS WRONG!!

And with regard to the support given to the employed and self-employed, why have landlords been excluded. My rental income, which is currently ZERO and will be for a long, long time, bolstered my state pension. If BTL mortgages are allowed a holiday then there should be additional synchronised support for non-corporate landlords. It is illogical and unreasonable to exclude us.

For the duration of this crisis, landlords should be treated the same as the self-employed.

by Clint

11:39 AM, 29th March 2020, About A year ago

Reply to the comment left by SimonP SimonP at 29/03/2020 - 03:46
In a way in respect of council tax you are lucky to get one month council tax free. Our council charges us from the day the tenant leaves.

by Persuader

15:27 PM, 29th March 2020, About A year ago

Reply to the comment left by Rob Thomas at 27/03/2020 - 17:20
Can Directors of a business furlough?
The guidance is silent on this but Ben Kerry from HMRC confirmed this morning that a director can do so provided they were paid via PAYE as at 28 Feb 2020. Company Directors can complete their statutory duties, even if furloughed. This is the only work allowed.

by Mel Geee

12:03 PM, 3rd April 2020, About A year ago

Reply to the comment left by Kulasmiley at 28/03/2020 - 11:34
I think we should all start emailing the top people at NRLA asking them to support their landlord members. They should be reaching out to gather our suggestions and making an immediate petition to government on our behalf. The people to contact are:
Chief Executive, Ben Beadle – ben.beadle@nrla.org.uk or Policy Director, Chris Norris – chris.norris@nrla.org.uk

by Mel Geee

12:04 PM, 3rd April 2020, About A year ago

Reply to the comment left by Clint at 29/03/2020 - 11:39
I think we should all start emailing the top people at NRLA asking them to support their landlord members. They should be reaching out to gather our suggestions and making an immediate petition to government on our behalf. The people to contact are:
Chief Executive, Ben Beadle – ben.beadle@nrla.org.uk or Policy Director, Chris Norris – chris.norris@nrla.org.uk

by Mel Geee

12:05 PM, 3rd April 2020, About A year ago

Reply to the comment left by SimonP SimonP at 29/03/2020 - 03:46
I think we should all start emailing the top people at NRLA asking them to support their landlord members. They should be reaching out to gather our suggestions and making an immediate petition to government on our behalf. The people to contact are:
Chief Executive, Ben Beadle – ben.beadle@nrla.org.uk or Policy Director, Chris Norris – chris.norris@nrla.org.uk


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