LandlordZONE

03

Mar, 2015

Tuesday

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  1. Replies
    24
    Views
    579

    During the next 5 years I would expect to see...

    During the next 5 years I would expect to see substantial mortgage interest rise and a temporary fall in property prices due to many not able to keep up with mortgage repayments. I say " temporary"...
  2. Replies
    6
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    503

    Google search "hmrc + child benefit" and you...

    Google search "hmrc + child benefit" and you will find a HMRC calculator which may help you.
  3. Replies
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    118

    Its not a trivial matter for insurance brokers...

    Its not a trivial matter for insurance brokers now as they are all registered and regulated by the FCA. I think the requirement for UK contact address started after the commencement of Money...
  4. Take some photos of your leakage as evidence of...

    Take some photos of your leakage as evidence of any claim.

    Did the water leak first appear under the bath room, kitchen or bedroom?. Is the water leak cold or warm by placing hand up to ceiling...
  5. Thread: new lease

    by Gordon999
    Replies
    10
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    431

    The existing lease is down to 59 years unexpired...

    The existing lease is down to 59 years unexpired and the leaseholders statutory right is for 90 years extension at peppercorn ground rent = 149 years lease. Its not 99 or 999.
  6. Replies
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    737

    In Post No. 12, the link shows hmrc campaign...

    In Post No. 12, the link shows hmrc campaign are currently chasing BTL landlords and solicitors with undisclosed income. Past campaigns have included plumbers and electricians .
  7. Thread: new lease

    by Gordon999
    Replies
    10
    Views
    431

    It seems to be a very unusual situation for...

    It seems to be a very unusual situation for buyer's solicitor to draft out new lease . Its usually the sellers solicitor who produces the draft lease . ???
  8. The leaseholders legal right is the statutory ...

    The leaseholders legal right is the statutory 90 years extension at peppercorn ground rent.

    If an extension term different to the statutory one is sought, the freeholder can ask for any...
  9. Buy a copy of the RICS Residential Management...

    Buy a copy of the RICS Residential Management Code as this guide was produced for RICS members working in service charge administration for Blocks of leasehold flats.

    Cost is about 22 pds...
  10. Thread: new lease

    by Gordon999
    Replies
    10
    Views
    431

    Is it a brand new flat with no previous existing...

    Is it a brand new flat with no previous existing lease ?

    If you are buying an existing leasehold flat , you can buy a copy of the property title for the flat and copy of the freehold title for the...
  11. Check the wording in your lease for usage of flat.

    Check the wording in your lease for usage of flat.
  12. The Housing Act 1985 Part IV Clause 113 gives a...

    The Housing Act 1985 Part IV Clause 113 gives a definition of family member includes spouse , child, grandparents, brother & sister .
  13. Replies
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    229

    The other flat owner may be planning to sell and...

    The other flat owner may be planning to sell and has to get his ground rent arrears cleared to remove any obstruction to a sale
  14. Replies
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    212

    What is the capital gain if you sell now ? ...

    What is the capital gain if you sell now ?

    You have owned the property for 25 years and lived in it for 20 years so you would have to pay capital gains on the gain for last 3.5 years . You can...
  15. If your Form 17 was submitted to Tax office on...

    If your Form 17 was submitted to Tax office on 1st Feb 2015, then your rental income would be apportioned 50% for 10 months and 10% for 2 months if rental started in April 2014.
  16. You need to check if your local council has a...

    You need to check if your local council has a section dealing with noise complaints. They may help you
  17. Replies
    16
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    825

    Is the mortgage in your sole name ? Better to...

    Is the mortgage in your sole name ? Better to share rental profit 99% (Wife) : 1 %(You) if wife has no mortgage ?
  18. I think that if you take a lodger into your home...

    I think that if you take a lodger into your home for half a year , you can just declare the " income from lodger" after deducting the 4250 free annual allowance ( other expenses are not allowed )
    ...
  19. If the house has been divided into two flats and...

    If the house has been divided into two flats and you live in one flat. The other flat should be let under AST agreement or "occupant" may acquired rights to remain .

    Also you need to abide by the...
  20. When a charge is registered against the...

    When a charge is registered against the property title at Land Registry, it should block any transfer until the charge is withdrawn. Have you checked with Land Registry ?
  21. Replies
    15
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    980

    I agree with JKO and think the 250 pds per year...

    I agree with JKO and think the 250 pds per year is a reasonable charge . Some online accounting firms are asking 150 for preparing a tax return for just 1 BTL property. The accountant's charge...
  22. There is no cgt charged on owner occupied...

    There is no cgt charged on owner occupied property.
  23. Replies
    15
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    980

    Since your rental business started in Feb 2013,...

    Since your rental business started in Feb 2013, its not worthwhile to submit a tax return for just 6 weeks to 5th April 2013. I suggest that you prepare to submit one tax return for rental profit...
  24. Replies
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    The current tax year starts from 6 April 2014 and...

    The current tax year starts from 6 April 2014 and ends on 5 April 2015. So after April 6th, you (each) will be asked to submit a tax return to declare 50%n of the rental income and 50% of the...
  25. Invite the Crime Prevention Officer at your local...

    Invite the Crime Prevention Officer at your local Police Station to meeting you at site and give advice on how to improve the security to car park.
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