Buying land to extend garden – is there a way to avoid stamp duty?
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We are in the process of buying a small plot of land to the rear of our garden with a view to knocking down a wall and making the garden bigger. Our solicitor has advised us that we will be liable for stamp duty on this purchase as the land is to be added to… Read more
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Bad Tenants Register for irresponsible lifestyles?
Having been in the rental business for nearly 20 years, I have had my fair share of bad tenants, leaving unpaid rent debt and generally trashing the property. Fortunately, this has not happened very often. but when it does it is a real eye opener. Just recently a tenant left me with £2k unpaid rent… Read more
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Labour proposal targets landlords…
Landlord Licensing: Labour leader Jeremy Corbyn and his shadow housing secretary John Healey have unveiled election plans to clamp down further on buy-to-let landlords as the centre piece of their ‘consumer rights revolution’. Under the proposals, every private landlord would be required to pay an annual licence fee to their local council if Labour wins […]
… LandlordZONE.
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RLA research referenced in House of Lords
The RLA’s research into Airbnb and its impact on the PRS has been referenced in the House of Lords. During oral questions in the House of Lords, Baroness Gardner of Parkes (Conservative) asked what plans the government has to prevent leaseholders whose leases do not permit the short-term subletting of their properties from registering those […]
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The ‘Metro Mayors’ are coming – will we even notice?
Overshadowed by the snap General Election, six city-regions will elect Metro Mayors on May 4th. A new concept for English local government outside of London, will they really improve our leading cities, or create a new layer of bureaucracy and conflict? A ‘Metro Mayor’ will be the chair of a combined authority that has agreed […]
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Thailand refurb tax deductable ?
I am an established U.K. landlord (not Ltd / incorporated) If I bought a property in Thailand to “refurbish” to ad to my buy to let portfolio (thus to rent out the finished apartments) could I deduct the costs of the refurb. from my usual U.K. buy to let profits ? I understand “not” with… Read more
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Tory plans for Rent Controls in seaside towns?
The Housing and Finance Institute was set up by David Cameron’s coalition government in 2015 before the last general election. It want to repair the housing markets in run down seaside towns with a ‘Fair Value Rents regime’. The report wants to halt the continued decline of many neglected coastal towns by solving the “toxic… Read more
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We Have Arrived !
It is with great pride and delight I’m able to announce that Grace Charles Property is the first Official Property Partners of Norwich City Football Club 2017/2018 After just 3 years of starting the local business we’ve been able to agree, what is by far one of our biggest announcements as a company. From very humble… Read more
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Are Council mandated improvements deductible from income or a capital expense?
Following a change in regulations in January 2017, my Council have insisted that I upgrade a fire alarm in my HMO. It will cost £000’s, which is fine – especially if I can deduct it from income tax rather than capital gains! The alarm was formerly compliant and the expenditure is non-discretionary. “Spending to preclude… Read more
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Finance Bill drops 70 Budget clauses
Budget 2017: It appears that up to 72 clauses in Finance Bill have been put on hold until after the election, and there’s speculation that some could be dropped permanently. And the Westminster rumour mill has it that after the election Phil is finished in May’s eyes following serval budget clangers. The FT reports that […]
… LandlordZONE.
View Full Article: Finance Bill drops 70 Budget clauses
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