Capital Gains Tax Liability For Overseas Aunt?
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An elderly aunt of mine bought her parents house under RTB many years ago. She then moved to Italy and allowed her sister to live in the house. My aunt want to sell the house. Some questions arise 1. What tax considerations does she need to address? Im concerned that given she has a primary… Read more
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Changing rooms – bridging the gap
Changes to permitted development rights over the past few years have opened the door for landlords wanting to convert, renovate or remodel their existing portfolio properties, as well as landlords looking to buy a property to convert. Changes to permitted development rights were introduced in April 2016 and have seen permitted development rights – which […]
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The number of rental properties managed per agent in London falls sharply
Association of Residential Letting Agents (ARLA) figures for April show a drop in the number of properties managed by agents in London of 31.8% from 148 per branch in March to only 101 in April. However, the total number in the UK actually rose from 183 to 185 per ARLA member office. This Demand and… Read more
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The RLA’s Manifesto: A fairer approach to Welfare Reform
The third key ask of the RLA’s General Election manifesto is a fairer approach to Welfare Reform for landlords and tenants. This would be giving tenants claiming Universal Credit the choice of having their rent paid direct to their landlord and speeding up the claim process. There are a growing number of tenants in receipt […]
The post The RLA’s Manifesto: A fairer approach to Welfare Reform appeared first on RLA Campaigns and News Centre.
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Charities told to work with PRS to solve homeless crisis
Charities have been told they should work with the PRS to tackle the homeless crisis in Wales. The Welsh Cabinet Secretary for Communities and Children, Carl Sargeant, said that ending rough sleeping and ensuring every young person can find affordable accommodation which meets their needs are priorities for him. Addressing a conference to mark the […]
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Banning Letting Agent’s Fees?
Letting Agent’s Fees: In view of the government’s ongoing consultation on letting agents fees for tenant’s, with a view to banning these, this is perhaps a timely reminder for both landlords and agents of the legal position with landlord / agent contracts and when agent’s charge fees, both to landlords and to tenants. In her […]
… LandlordZONE.
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Transfer of property between spouses
Can anyone please assist with this scenario? I am looking to transfer a mortgaged property held in my sole name, to my wife. The property currently has a first and second charge mortgage on it, and a new mortgage would be required to be taken out in my wife’s sole name to redeem the current… Read more
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As Freeholder what can I amend in the Lease?
I will hopefully shortly be in the position of buying the freehold to my upstairs flat and the one underneath it which comprise the two properties in a converted house. Crucially this will be so that I can extend the lease which is now down to around a 70 year term however, can I also… Read more
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BTL in the UK is becoming a more achievable goal for many ex-pats
Buying investment property in the UK is becoming a more achievable goal for many ex-pats as a weakened pound has increased the buying power for those who are remunerated in other currencies. There are many lenders that offer mortgage finance to British ex-pats who want to invest in residential property, but ex-pat mortgages often come… Read more
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£16,000 fine for Landlord because tenant played dance music for 36 hours straight!
47 year old Jason Duffield a Landlord from Birmingham has been convicted of 5 breaches of the Noise Abatement Notice and was ordered to pay a fine of £10,000 plus £6,000 in costs to the council, because his tenant tortured the neighbours with 36 hours of loud dance music. The tenant then disappeared from the… Read more
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