Jun
9

What will a Hung Parliament do to Renting?

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The votes have been cast and the dust has settled on an unnecessary snap election. And just like the Brexit referendum it had an unpleasant and unexpected sting for the Prime Minister. The Conservatives have emerged bruised, but still the largest party, Labour and Jeremy Corbyn surprisingly resurgent, the Scottish Nationalists battered from all sides, […]

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Jun
9

Setting Up A Property Partnership

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Joint property owners normally declare rental profits on their self-assessment tax returns in proportion to their ownership. This is because HMRC’s default position is to treat rental profits from jointly owned property (joint tenancy) as 50:50 if there are two owners, one third each if there are three owners and 25% each if there are… Read more

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Jun
9

Will it be May-hem for the PRS?

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The results are in. Theresa May called a General Election in April to increase her majority when the polls showed an open goal. Now the people have spoken and the Conservatives have lost their out-right majority. After 649 of 650 seats have been declared, the Conservatives hold on to 318 seats, with the Labour Party […]

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Jun
9

Housing Minister loses his seat…

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Politics – Breaking News: Gavin Barwell, the Conservative Housing Minister, has lost his Croydon Central seat to Labour in what has been a disastrous election night for the Tories. From having a relatively comfortable majority of 17, Mrs May’s gamble to gain more has backfired to such an extent that the Conservatives, if they are […]

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Jun
9

My Loft space Vs Freeholder’s will to build more flats?

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I’ve recently purchased a lease hold, top floor flat, with a leasehold stating the loft space is part of the flat. Moved in couple of weeks ago, and settling in. Two weeks later (yesterday) i received a call from the freeholder himself wanting to arrange a meeting about buying the loft space, so he can… Read more

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