Normally, if you sell your properties you will realise a capital gain, which is the difference between the purchase price and the sale price. This gain is then added to your income and if you’re a higher rate tax-payer you will pay CGT at a rate of 28% of the gain. However …. Did you… Read more
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I have watched with extreme interest, with many others I am sure, the developing catastrophe for some landlords due to section 24 Finance issues and then the Agents loss of tenant fees and then realised that on top of this in Wales we have Rent Smart W…
My conundrum is that we need to rent a new property so we plan to rent our existing personal property and then rent another property to live in. I am sure many people are in the same situation. however the question I have is around tax. Lets say I rent my flat for £2,000 a… Read more
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I have 6 properties, some jointly owned with my wife, a couple with my sister. I do most of the day to day management, with two managed by agents. I’m toying with the idea of setting up a service company to manage the properties and charging say 15% to 20% of gross rent to do… Read more
The post Setting up a company to manage my own properties – is it worth it ? appeared first on Property118.com.
This is the presentation Mark Smith, Cotswold Barristers and I delivered at the Baker Street Property Meet on 26th April 2016, but with lots of extra bonus slides. 379 landlords attended the live event and people were still asking us questions well into the early hours. For this reason we have added several extra slides…. Read more
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The picture below was taken at the Baker Street Property Meet on Wednesday 26th April 2017. A reported 379 high net worth private landlords are featured in this group “selfie”. It’s not too late to see the presentation, or to watch it again. We have added several extra slides too based on the questions asked… Read more
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I am writing my thoughts here about Shelter, because they appear to have banned me from their Facebook page. I can still see their campaigns, but have no right to reply on their site, so have chosen to point out here what I would have written on their page: Shelter’s latest campaign is about mental… Read more
The post A personal view of Shelter’s latest anti-landlord campaign appeared first on Property118.com.
I have never used my CGT allowance as I thought you needed to sell a property to use it. Someone has told me though that it can be used by putting it each year into trust for your children. My understanding is that you have to allocate it to a particular property. Is it the… Read more
The post How to use CGT allowance when you don’t sell your properties? appeared first on Property118.com.
I am a landlord renting a property and was going to enter into a two-year tenancy agreement with a property management company. Prior to this the agreement was via a letting agent which outsourced it to the property management agency so at the end of t…
My letting agency has recently advised me of changes to their terms and conditions in which they are increasing their landlord (and tenant) renewal fees from £84 to £132. I am a landlord of two properties, one of which renews every 6 months with rent paid (to the agent) in advance. I believe these to… Read more
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Shelter Scotland and the Green Party are now calling for Rent Controls to be introduced in Edinburgh. The Scottish Government has so far implemented every suggestion that Shelter has had for the Private Rental Sector whilst The Green party are currentl…
The London Mayor, Sadiq Khan, has announced a new database to name and shame successfully prosecuted criminal landlords and letting agents in London. The database will be published on the Mayor’s website and built in partnership with borough councils across London providing a blacklist of landlords and agents prosecuted for housing offences. The Plan is to… Read more
The post Sadiq Khan announces new database of criminal landlords and agents amid opposing industry views appeared first on Property118.com.
Today (Thursday 27th April, 9pm) on Channel 5s “Nightmare Tenants, Slum Landlords”, a Watford landlord has a fight on his hands when his long-term tenant stops paying rent and unleashes a deluge of abuse when he tries to evict her. With rent arrears already at £6000 and mounting legal costs, builder David Simpson has been… Read more
The post Nightmare Tenant – No rent payments, two mortgages and mounting legal fees appeared first on Property118.com.
My partner (not married) owns a bungalow (principle residence). She has obtained planning permission for the demolition of the bungalow and to build 3 houses on the plot (1 x 4bed detached and a pair of 2 bed semi’s). My company (incorporated about a year ago to build and retain rental properties) has agreed to… Read more
The post Stamp Duty planning for purchasing partners plot? appeared first on Property118.com.
The Victoria Derbyshire Programme on BBC Two and BBC News is looking at the ongoing issue of tenants and landlords. They are particularly keen to hear from readers if you are a landlord in the UK who has had a problematic tenant. Of most interest is a …
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