LandlordZONE

27

Jan, 2015

Tuesday

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  1. Replies
    4
    Views
    94

    You could try to enter a claim for recovery of 5...

    You could try to enter a claim for recovery of 5 years contributions in the small claims court . ( contact your nearest County Court )
  2. The lease for my block says no parking allowed ...

    The lease for my block says no parking allowed for commercial vehicles and private caravans.
  3. You should consult a tax accountant about using ...

    You should consult a tax accountant about using a Deed of Trust to transfer taxable income to Wife and get a quote for DOT.
  4. I think your situation is that you paid 20K for...

    I think your situation is that you paid 20K for acquiring half share in property and 10 years later you paid 35K to acquire the other half share = 55K total acquisition cost.

    You occupied the...
  5. If you believe you have liability to deduct tax...

    If you believe you have liability to deduct tax on rental income paid to overseas landlord, you should write letter to landlord requesting his tax office reference number for registration as...
  6. Replies
    18
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    307

    I agree the wording of the exemption ( in LEASE's...

    I agree the wording of the exemption ( in LEASE's free guide ) does say sale by two or more persons in same family to different combination in the family. This is not the same as your situation ...
  7. Replies
    18
    Views
    307

    I suggest you buy a copy of the leasehold title...

    I suggest you buy a copy of the leasehold title for other 2 flats in block from Land Registry Online to check if still registered under name of company in receivership. If so contact the Receivers...
  8. You were renting a sub-divided property which did...

    You were renting a sub-divided property which did not have planning consent and the costs incurred for getting retrospective planning consent for subdivision and building works must be capital...
  9. Replies
    18
    Views
    307

    The free guide to Right of First Refusal can be...

    The free guide to Right of First Refusal can be downloaded from www.lease-advice.org

    Before selling a freehold title, the landlord must offer the freehold title to all of the leaseholders by...
  10. Are you saying spending 500 pounds to repair a 5...

    Are you saying spending 500 pounds to repair a 5 year old indesit Washer/dryer is a deductible expense against rental income but spending 500pounds on replacement New Washer dryer is not allowed as...
  11. Replies
    3
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    108

    The landlord in the lease ( i.e Lessor) is...

    The landlord in the lease ( i.e Lessor) is usually the freeholder or headlessee ( if there is a Head Lease ). You can download a free guide on RTM from www.lease-advice.org.
  12. You should try to find the original rental...

    You should try to find the original rental agreement which I expect to be a one or 2 year AST agreement which would say when the rental tenancy ends . Did you get any rental receipts for rent paid ?...
  13. If you go to Land Registry Online you can buy a...

    If you go to Land Registry Online you can buy a copy of the freehold title and leasehold title for your flat for 3 pounds by credit card and download the information.

    The freehold title show the...
  14. OP should download the free guide to Right of...

    OP should download the free guide to Right of First Refusal from www.lease-advice.org as this explains the steps required by the freeholder to sell at auction and offer right of first refusal to...
  15. Replies
    4
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    209

    Any trading business or service provider in UK...

    Any trading business or service provider in UK doing over 81,000 turnover in 12 months is required to register for VAT and charge VAT on all invoices for services and supplies provided to end-users...
  16. Thread: Newbie

    by Gordon999
    Replies
    12
    Views
    365

    Student HMOs in provincial university towns are...

    Student HMOs in provincial university towns are getting completion from new build student flats so better to avoid this area of investment.
  17. HP mum, You appear to have owned the property...

    HP mum,

    You appear to have owned the property for little over 14 years and during this period have been "owner occupier" and rented out the property partly and wholly.

    You appear to have...
  18. bpascua, See first line in my post #17, your ...

    bpascua,

    See first line in my post #17, your capital gain over 12 years is 420K-250K =170K . Your 290K figure is not your acquisition cost.
    I had originally taken your perceived 130K gain for...
  19. Do you have service charge annual accounts...

    Do you have service charge annual accounts audited by accountant ? Ask the accountant .
  20. The calculation in post #3 must be amended since...

    The calculation in post #3 must be amended since the expected capital gain = 420K-250K = 170K over 12 years.
    The gain apportioned under period of letting = 92K and less 40K lettings relief less...
  21. Replies
    6
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    226

    if the property is intended for your mother to...

    if the property is intended for your mother to stay rent free, just apply for mortgage for home residence.
  22. Go to your local council planning department and...

    Go to your local council planning department and ask the planning officer to explain.
  23. The % service charge may be stated in your lease...

    The % service charge may be stated in your lease and the total for all the flats in the block should add up to 100%. You can point out mistake to MA and ask for correction and credit to your next SC...
  24. One way to get round the " BTL mortgage excluding...

    One way to get round the " BTL mortgage excluding family member "problem is deciding not to let to sister and you can apply for any standard BTL mortgage.

    Another way is to apply for a...
  25. The period under owner occupation plus 18 months...

    The period under owner occupation plus 18 months from date you move out is exempt for capital gains tax.

    Since 2003 , you have owned the property for 12 years and you would be CGT exempt for 4 +...
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