Call for tax rethink after stamp duty windfall
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The Government is being urged to rethink punitive PRS tax changes after it was revealed the new stamp duty surcharge raised more than a billion pounds in its first nine months. It had been predicted the 3% surcharge on the purchase of additional homes, which was introduced in April last year, would bring in an additional […]
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Buying a property with vendors wanting to stay a few months?
I plan to buy a house as a buy-to-let investment. The sellers have asked if they can continue to stay at the property (and pay rent) for a couple of months while some work is carried out at the house they are buying. I have no problem with this as I plan to rent anyway…. Read more
The post Buying a property with vendors wanting to stay a few months? appeared first on Property118.com.
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HMRC rake in £1.19 billion in Stamp Duty Surcharge
In the last three months of 2016 HMRC earned £519 million extra from the 3% surcharge payable on Stamp Duty for second homes. This was from the purchase of 62,800 second homes in Q4 up from 56,200 in Q3 and 30,400 in Q2 2016 with the total revenue take amounting to £1.19 billion. In an… Read more
The post HMRC rake in £1.19 billion in Stamp Duty Surcharge appeared first on Property118.com.
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Regulated “family” Buy to Let product launched
Furness for Intermediaries has launched a regulated “family” Buy to Let 5 year fixed rate product. A regulated family BTL is where it is your intention now or in the future to have a close family member live in the property. This includes in the horizontal family tree plane Brothers and Sisters and in the… Read more
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Fighting unfair Council tax on empty properties?
I have paid hundreds of pounds in council tax in the last 12 months on empty properties. Mainly between tenants, when the properties have needed extensive work. My requests for exemptions more than 1 – 3 months have fallen on deaf ears and most recently I had a tenant who asked if he could sign… Read more
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Seriously ill Tenant’s Status
Ok, some background on the Tenant (single lady), been in the property 8 years, claims housing benefit which is paid direct to herself, never missed a payment (in fact notify’s me every month when the payment has been made), basically the perfect tenant. So on the 28th Dec she informs me that she was admitted… Read more
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Commercial Tenancies and Stamp Duty
Stamp Duty – Commercial: Stamp Duty Land Tax (SDLT) has risks for those tenants “holding over” as commercial tenant occupiers, when new lease terms are being negotiated. Tenants in occupation of commercial premises who want to renew their lease will usually want to continue in occupation following the end of their lease term. This will […]
… LandlordZONE.
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Chimney sweeping requested but tenant put gas fire in themselves?
My tenant has asked for her chimney to be swept as soot has blown down onto her new carpet during a very windy spell. The property has full gas central heating, but also has a gas fire which the tenant had installed at her own expense before I acquired the property. My tenant has told… Read more
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Conveyancing – Are things so much better than they used to be?
I bought my first house 35 years ago and since then have bought (and sold) houses in the region of 20 times. In each of these transactions I have had to ‘instruct’ solicitors to do the necessary legal work. Looking back to the early days, the time frame for selling or purchasing a property usually… Read more
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Property Management Transfers – Total Satisfaction Guarantee
LettingSupermarket.com have come up with a innovative new way to persuade landlords to switch their management to them. The deal is; if you swap to them, and for any reason you’re not entirely happy, you can leave within three months and have a full refund of all fees paid. They also say that you can leave… Read more
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