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Apr, 2014

Thursday

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  1. Thanks for the advice. I've actually had...

    Thanks for the advice. I've actually had conflicting professional advice on this, albeit unpaid advice. Of course if I paid for I would be indemnified. It actually won't make that much difference in...
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    Many Thanks.

    Many Thanks.
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    King Maker - do have a reference or link for that...

    King Maker - do have a reference or link for that one? Just want to be sure before I invoke that rule in my tax return. Cheers.
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    Absolutely, thanks for pointing that out.

    Absolutely, thanks for pointing that out.
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    It does apply to white goods unfortunately....

    It does apply to white goods unfortunately. Although not sure on appliances that are fully built in, will check.
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    They probably would support it initially but...

    They probably would support it initially but you'll get a lot of sag and it won't take much degradation for them to let go. Especially without a solid top to distribute the load and also those...
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    No problem. just to clarify point 3, prior to...

    No problem. just to clarify point 3, prior to Apr 13 you could either claim for renewals only or 10 % wear and tear. From Apr 2013 its only 10% wear and tear. As your additions aren't renewals...
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    1. Yes. 2. Did the carpet affect the price of...

    1. Yes.
    2. Did the carpet affect the price of the property if you bought it for letting? If so then replacement is capital, if you replaced it in the normal cycle of maintenance which is likely,...
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    Thanks MrJB, I was going to check companies house...

    Thanks MrJB, I was going to check companies house for the exact name but wouldn't have thought to include the number, cheers.
  10. I can't answer all your issues, but I can make a...

    I can't answer all your issues, but I can make a start.

    First, is there a single lease or two separate agreements?

    Second, what is the layout, is it a flat over the shop?

    In the commercial...
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    Thanks RRS, that format makes it pretty clear.

    Thanks RRS, that format makes it pretty clear.
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    No, 12 month fixed and contracted out initially...

    No, 12 month fixed and contracted out initially to test the market and then potentially long term by neg after that.
  13. Revenue vs Capital Expense Taxation Vexation

    Hi all,

    Like many on here I'm having trouble with splitting revenue and capital expenses for tax purposes.

    I acquired a large property last year with a commercial and residential element. The...
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    Director Signing Lease

    Just a quick question (hopefully):

    Entering into a lease with a client who is a Ltd co. What form does the director's signature take to ensure he/she is signing on behalf of the Co. and not...
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    The benefit and burden of the lease passes to the...

    The benefit and burden of the lease passes to the successor in title. Leases are not personal to the current owner. Otherwise all leases would be terminated on sale.
  16. I'll admit that the thread title is somewhat...

    I'll admit that the thread title is somewhat sensationalist, however your reading of the decision is very narrow. The COA does not decide the facts it decides the point of law. Some commentators are...
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    Out of interest, does anyone here have any...

    Out of interest, does anyone here have any experience of these penalties being awarded? Or any links to some examples?
  18. I won't go down the periodic tenancy rabbit hole,...

    I won't go down the periodic tenancy rabbit hole, only because here we are only talking about a Statutory Periodic Tenancy, so there really is no point discussing the common law rules, which are I...
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    Right, so you have a pile of dirty money, you...

    Right, so you have a pile of dirty money, you either need to hide it somewhere (like offshore) or make it look like legitimate income. So in this instance, you could set up a tenancy on a house you...
  20. No, the law doesnt recognise a lease with an...

    No, the law doesnt recognise a lease with an uncertain term, so a periodic tenancy begins and ends at the conclusion of each period, not continuously.

    The SPT is an exception to this rule allowed...
  21. That was answered in David Smith's blog. A SPT...

    That was answered in David Smith's blog. A SPT doesn't end and begun month to month as it's uncertain term is allowed by statute.
  22. I agree really, but there is sufficient doubt for...

    I agree really, but there is sufficient doubt for it to be allowed an appeal to the second highest court in the land, so it can't have been that well settled. As you say, maybe a case of accepted...
  23. The landlords guild seem to agree - they say...

    The landlords guild seem to agree - they say protect and reissue the prescribed info unless the decision is challenged in the Supreme Court - ie don't risk it!
    ...
  24. I think this is the logical end or the decision,...

    I think this is the logical end or the decision, if the tenancy is a new tenancy then it must be re-protected. You already have to do this for multiple fixed terms, the only reason you didn't for...
  25. Could still be a misrepresentation by conduct if...

    Could still be a misrepresentation by conduct if the T induced the LL to offer AST terms when he didn't have to. More likely its just that a s21 acts in both statute and common law, which it probably...
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