Why You Need To Become A Rental Partnership
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HMRC charge tax on the benefit of rental profit and capital growth from rental properties. There are three primary tax reasons for creating a partnership by splitting beneficial interests rental properties using a Declaration of Trust:- To fully utilise more than one nil rate band and basic rate tax allowance To utilise more than one annual CGT personal… Read more
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RLA welcomes RICS’ vision of renters database
A database of renters should be held by the Government to get rid of the need for tenant-funded checks, according to the Royal Institution of Chartered Surveyors. The RLA has welcomed the RICS plans, which was amongst a raft of recommendations made to Government ahead of the publication of its Housing White Paper next year. […]
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Tenant is sub-letting without permission – what can I do?
I have just discovered that my tenants, who are the only ones named on the contract, are sub-letting the 2nd bedroom in the property without my permission. This sub-let took place from the commencement of their tenancy, nearly 6 months ago. It clearly states within their contract no sub-letting is to take place without my… Read more
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How to interpret one clear calendar month’s notice?
My tenant gave notice on 23 November. ( currently on periodic tenancy) His lease period runs from 15th – 14th of each month. I had presumed that he was required to give one clear tenancy period’s notice in writing (i.e. must end on the last day of a tenancy period) . In other words one… Read more
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Data Protection Rules Training
How long do you need to keep ‘right to rent’ data in order to defend yourself against prosecution? Are you at risk if you destroy your copy documents? You will find it on this page click here featuring Sam’s online video workshop. You will need to scroll down until you see the video clip… Read more
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MP Defends Rent-Smart Wales
Rent Smart Wales will help raise standards in the private rented sector, that’s according to Carl Sargeant MP, the Welsh Communities Secretary. The controversial new measure intended to crack down on rogue landlords in Wales grants licences at an annual cost to landlords and agents who need to comply with the measures in the Housing […]
… LandlordZONE.
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50,000 sign up to anti-fraud service
The Land Registry has seen 50,000 people sign up to its Property Alert Service. Landlords have been encouraged to sign up, as properties which are rented out are more at risk of property fraud. Criminals have been known to use forged documents to try to take ownership of properties and the Registry says landlords are […]
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