Where Will All The Bankers Go?
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Following Theresa May’s speech yesterday the pound very quickly gained against the Euro. However, within hours both HSBC and UBS announced they would each be relocating 1,000 of their highest paid bankers to Europe. The BBC reported this would put further pressure on The Treasury due to the loss of income tax receipts. This didn’t… Read more
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Landlord fined £8,000 for mould ridden flat
A landlord in Woking has been fined after his tenants were left to live in a mould filled flat with a leaking toilet and a poorly maintained property. Alan Kevin Fowler, the landlord of 22 Bainton Mead, Woking, was ordered to pay out a total of £8,432 for not carrying out repair work and attending […]
… LandlordZONE.
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Short Term Tax Planning Loan
We are delighted to announce that we have formed an exclusive relationship with a private financier for the benefit of Property118 tax planning clients. The following case study provides an example of how the structure works. It should be read in conjunction with our Landlord Tax Tutorials – LINK. Case Study A partnership has… Read more
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New tax powers for Wales
Following a vote in the Welsh Assembly, Wales is set to receive new tax powers from Westminster, meaning that for the first time in over 800 years, Wales will set its own tax. Although no one is quite sure what Welsh tax systems looked like 800 years ago, the Wales Bill (the legislation that grants […]
The post New tax powers for Wales appeared first on RLA Campaigns and News Centre.
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What Does 2017 Have in Store for the Property Market?
There will still be an insufficient supply of housing to meet the demand and the gap between earnings and house prices is still expected to widen, strengthening demand for rental property In terms of the property market, 2016 will be characterised by two events, the additional 3% stamp duty increase on second homes and Britain’s… Read more
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What happens next if Tenants now start to claim Housing Benefit?
I’m currently experiencing a situation that is new to me and would appreciate some good advice. My tenants are expecting their first child and have recently lost their jobs. They told me in advance that they wouldn’t be able to pay this month’s rent and have made a claim for housing benefit. While I am… Read more
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Who is responsible for White Goods replacement?
Here is an extract from my AST Agreament prepared from the Estate Agency. In the section for the Tenants obligation it’s this clause: “Not to remove any of the Contents from the Property without the express written permission of the Landlord (which will not be unreasonably withheld). To keep the content of the property, including… Read more
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Cooker hood, fan or both ?
I am currently refurbishing a 2 bed flat to be let. I’ll be planning the kitchen layout soon and I got to wondering about whether it is really worthwhile putting in a cooker hood or not. It seems to be de rigueur, but in this case it is in a listed building and suitable places… Read more
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Agents’ Redress Scheme – register or face a fine
Agency Redress Scheme: Birmingham City Council has put out a reminder to all letting agents for the New Year for both Letting Agencies and Property Managers to register with a Redress Scheme, or face a £5k fine. On 1 October 2014, new rules came into force which mean that all Lettings Agents and Property Managers […]
… LandlordZONE.
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Tax Plan For New Buy-To-Let
Are you and your spouse buying a new build with a view to let? The Government has tried its best to put you off doing this personally, but if you fancy a challenge maybe this will be a way to get your own back! Let’s imagine a property being bought for £500,000. I will ignore… Read more
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