Mar
19

Monday Channel 4 Dispatches 8pm “The Benefit Cap”

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Monday Channel 4 Dispatches 8pm. The Benefit Cap. It’s got one of my tenants on the programme who was affected by the benefit cap. There should also be some verbal quotes from me as I refused to go on the programme. Definitely worth a watch Mick Roberts

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Mar
17

5 Top Tips for Managing Rent Arrears

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The RLA’s Landlord Finance, Investment and Tax Report 2016 found that 28% of landlords have experienced rent arrears in the past 12 months. Once a tenant falls into arrears it immediately impacts on a business. Landlords have mortgage payments to make, insurance premiums to pay and maintenance costs to cover all of which are heavily reliant on […]

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Mar
17

Telford Landlords Facing £600 Licensing Fees

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Telford and Wrekin Council has announced its plans to consult on a new Selective Licensing Scheme in a bid to improve the quality of rented houses available in the area. The designated area includes the wards of Hadley, Leegomer, Malineslee, Hollinswood, Brookside, Sutton Hill, and Woodside, landlords in these areas will be required to apply […]

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Mar
17

Mixed Partnerships Landlord Taxation Strategy

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The mixed partnership structure is often a good fit for landlords who are already paying higher rate tax or are pushed into the higher rate tax bands by restrictions on finance cost relief. It is equally applicable to individual landlords as it is to joint borrowers and existing partnerships. As a rule of thumb mixed… Read more

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Mar
17

London landlord fined £200,000 for tax fraud

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Tax Evasion: Michael Charles Waddingham, a 44 years old company director of Grove Gardens, Teddington, London, pleaded guilty to one count of tax fraud at Wimbledon Magistrates Court and was jailed for two years, suspended for two years, on Friday 10 March 2017. At Kingston Crown Court the judge added a financial penalty of £200,000‎ […]

LandlordZONE.

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Mar
16

The Goose that laid the golden egg

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I am a private landlord with half a dozen properties in London and no other income beyond the rental income. I never paid much attention to pensions in the past perhaps for obvious reasons. Last September I started reading up on SIPPs and was moved to take one out with a well known provider. I… Read more

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Mar
16

Landlords attend Welsh elections hustings

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Landlords in Cardiff have questioned some of the candidates standing in local elections this May at a hustings event in the city. Chaired by RLA Director for Wales, Douglas Haig, the panel included Plaid’s Neil McEvoy (Fairwater councillor), the Liberal Democrat’s Joseph Carter (Pentryn councillor) and Gavin Hill-John, councillor and candidate for Pentyrch. Labour candidates […]

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Mar
16

New IHT rules affect expat UK BTL owners

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From April 6th families of deceased UK expats will pay 40% inheritance tax on the total property estates assets. The new rules will apply to expat investors purchasing UK property in an offshore company. Properties purchased in this way will no longer be exempt from IHT when the owner dies. This makes the rules the… Read more

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Mar
16

Should I sue the plumber or the owner of the flat above?

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I own a number of properties. In December we had a water leak into one of our properties coming from the flat above. This caused around £1000 of damage. We have been trying to ascertain since this time, who is liable. At the time a local plumbers was putting in a new shower in the… Read more

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Mar
16

Financing and interest relief to start a limited company portfolio?

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I have a question about financing. I am a small time landlord with a handful of properties about to remortgage. I am also thinking of setting up a company ‘incorporate’ so that any future buy to let purchase will be better placed regarding the tax breaks etc. Sadly it will cost too much in CGT… Read more

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