LANDLORDS – Section 24 Tax Is Optional
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If you don’t want to pay more tax as a result of Section 24 of the Finance (No.2) Act 2015, which restricts mortgage interest relief for individual landlords, you don’t have to. In the vast majority of cases it is optional, but only if you take positive action! Throughout 2016 Property118 has discovered and published… Read more
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RLA members raise over £2,200 for charities
Since introducing Gone for Good to our members earlier this year, they have donated goods worth over £2,200 to charity via the app. That’s a fantastic achievement which has helped several charities and families in need. The Gone for Good app matches landlords with local charities who actively want to receive particular items and will […]
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2016 in Review and Goals for 2017
Thank you all for your support this year, 2016 has been a good one us. My wife and I emigrated to Malta, visited the UK and Rome and we are now in Russia celebrating a white Christmas. Above anything else we enjoy spending time with our family and sharing the good life with them, and this… Read more
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What to do when your sole trader letting agent dies?
I’m a landlord of two houses. I use an agent to manage them. He is a sole trader and really the business is him. He was a terrific man and sadly he died last week. I spoke with his widow when the rent for one of the houses didn’t come to me. She explained about… Read more
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Manchester City Council announces Selective Licensing Scheme
Having previously abandoned selective licensing citing it as ineffective, Manchester City Council is planning to introduce a selective licensing scheme. The scheme will effect twenty-three streets within the Crumpsall Ward and in total 400 private rented sector houses. Due to come into force on 13 March 2017 and having effect until 12 March 2022. The […]
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Landlords show fighting spirit
Bah humbug said Scrooge – and so might I. Politics is a strange world, and the year’s events (Trump, Brexit and elsewhere in Europe) are topsy-turvy. But I still find it strange that Britain’s best and most effective form of housing provision is coming under such consistent attack. Should I depress you with a blow-by-blow […]
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Stamp Duty revenue increase to be used in areas with highest numbers of second homes
Stamp Duty Land Tax (SDLT) revenue has increased by 12% to £7.7bn for the first eight months of the 2016-17 financial year compared to the previous year despite a 9.9% decrease in the number of property sales. Purchase transactions for this period April to November 2016 fell from 868,000 last year to 782,000 this year…. Read more
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Left my tax return on my yacht; it caught fire…
Self-Assessment: As we prepare for Christmas parties and merriment, perhaps the last thing on our minds is tax, the dreaded annual tax return, which is likely to be quarterly soon, but the January 31st tax deadline looms. If you haven’t already done your book keeping, and have all your information together, either to do the […]
… LandlordZONE.
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Housing Minister Gavin Barwell raises concerns over the UK Leaehold system
Gavin Barwell was speaking at a debate on the Leasehold and Commonhold Reform Act of 2002 and said the leasehold system has widespread problems that need addressing and produced results of the National Leasehold Survey 2016, which showing 57% of leaseholders agreed with the statement “I regret purchasing a leasehold property”. Housing Minister Barwell went… Read more
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Landlord being repossessed and letting agency burying heads in the sand!
So, the short of this is, my partners rented property is being repossessed. She passed on information that the mortgage was in arrears following a solicitors letter to the letting agent who told her ‘we will freeze payments to the owner, and investigate’. She heard nothing until last month when another letter came and informed… Read more
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