HMRC Closes Family Investment Company Investigation Unit

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Smart Company structures have been all the rage for savvy property entrepreneurs.

In 2019, HMRC launched its task force to investigate any wrongdoing concerning these structures, but now it’s been announced in the Financial Times that the HMRC has disbanded their unit.

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BREAKING: Landlords waiting 60 weeks on average to gain possession of properties

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Evictions by landlords have begun to ramp up now that almost all the court and bailiff restrictions have been lifted, latest official figures show, but landlords are still having to wait 60 weeks on average to gain possession.

This is an increase from 19.6 weeks during the same period before the pandemic.

The Ministry of Justice (MoJ) says that between April and June this year, possession claims jumped from 3,023 to 7,000 year-on-year (2020 vs 2021); orders from 656 to 5431; warrants from 274 to 3,709 and repossessions from zero to 1516.

But, when compared to the same quarter in 2019, these actions have decreased by 74%, 75%, 73% and 80% respectively.

Eviction restriction

This latest data reveals how the delays and complications of evicting tenants unless they have been in serious rent arrears – has been preventing the surge in evictions that had been predicted by some commentators.

But campaign group Generation Rent says many tenants are still facing eviction.

“There are thousands more who have lost work and got behind on their rent during the pandemic, and will find it difficult to repay that, even if their income recovers,” says Director Alicia Kennedy (pictured).

“It is almost impossible to move to a new home if you’re relying on benefits, so these renters face huge uncertainty in the months ahead while they wait to be told when the bailiffs will arrive.

“Only a Covid Rent Debt Fund to clear these rent arrears will help renters back to their feet and remove the threat of homelessness from thousands of families. The government must act urgently to relieve this hardship.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – BREAKING: Landlords waiting 60 weeks on average to gain possession of properties | LandlordZONE.

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BREAKING: Landlords waiting 60 months on average to gain possession of properties

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Evictions by landlords have begun to ramp up now that almost all the court and bailiff restrictions have been lifted, latest official figures show, but landlords are still having to wait 60 weeks on average to gain possession.

This is an increase from 19.6 weeks during the same period before the pandemic.

The Ministry of Justice (MoJ) says that between April and June this year, possession claims jumped from 3,023 to 7,000; orders from 656 to 5431; warrants from 274 to 3,709 and repossessions from zero to 1516.

But, when compared to the same quarter in 2019, these actions have decreased by 74%, 75%, 73% and 80% respectively.

Eviction restriction

This latest data reveals how the delays and complications of evicting tenants unless they have been in serious rent arrears – has been preventing the surge in evictions that had been predicted by some commentators.

But campaign group Generation Rent says many tenants are still facing eviction.

“There are thousands more who have lost work and got behind on their rent during the pandemic, and will find it difficult to repay that, even if their income recovers,” says Director Alicia Kennedy (pictured).

“It is almost impossible to move to a new home if you’re relying on benefits, so these renters face huge uncertainty in the months ahead while they wait to be told when the bailiffs will arrive.

“Only a Covid Rent Debt Fund to clear these rent arrears will help renters back to their feet and remove the threat of homelessness from thousands of families. The government must act urgently to relieve this hardship.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – BREAKING: Landlords waiting 60 months on average to gain possession of properties | LandlordZONE.

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Sleuthing landlord exposes cannabis farm at property, tenant jailed

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A suspicious landlady who played detective has managed to rumble a cannabis farm at her rental property as growing of the drug in rental properties continues to boom.

After she heard someone in a pub say tenant Luke Nixon wasn’t living at the address, the landlady checked his Facebook profile and found there were no obvious pictures of him at the house in Franklin Road (pictured) in the Jacksdale area of Nottingham.

Whenever she drove past, the blinds were drawn and rubbish bins were always in the same position.

Nixon, of Market Place in Ilkeston, posted on Facebook that he was on holiday in Egypt, so she took the chance to inspect the property and found the lights were on and the front door lock had been changed.

A locksmith attended and she discovered cannabis growing inside; two bedroom doors had been removed and replaced with plastic sheets with zips while the loft had a purpose-built area acting as a nursery to plants.

Estimated yield

There were four plastic tubs of cannabis in the lounge with an estimated value of between £320 and £590. Police recovered 77 plants, with an estimated yield of between 2.1 kilos and 6.4 kilos, and a value of between £12,320 and £48,510.

Nottingham Crown Court jailed the 33-year-old for two years and three months after he admitted producing cannabis between September 2019 and February 2020.

The court heard that Nixon’s phone showed he was frequently going to a hydroponic shop in Giltbrook called Gro-zone. However, when he found out what had happened he told the landlady there was no reason to call police and that he could sort out the damage at the property.

He told the court he had been approached by a third party to establish a cannabis grow and to establish a tenancy where it would take place. He did not physically assist setting it up but received money from maintaining the grow.

Read more about cannabis farms.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Sleuthing landlord exposes cannabis farm at property, tenant jailed | LandlordZONE.

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DWP – overpayment of a deduction?

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Despite letting UC know (though the official form) that the tenant has now paid back in full her rent arrears, I have since been paid directly another deducted payment. I am assuming that at some point DWP will realise this and ask for it back as it classes as an overpayment

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Class G Vs Class MA Prior Approval What are the Differences in Permitted Development?

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Linda Wright gives an excellent explanation comparing and contrasting class G v class MA These 2 NEW prior approvals for converting use class E-commercial space to residential C3 uses. Did you know there are over a dozen differences between the two

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Stamp Duty – First Time Buyer – Company Buy to Let?

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Hi everyone, I have a question and would appreciate some help on this.

I have never owned a property before, and I am looking to purchase a Buy to Let property under a limited company.

When it comes to buying my own house

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