If that was a verbatim quote you could take issue with his English. That should have been 'breach'. You could explain that 'breech' relates to buttocks, the orientation of a fetus during birth, a...

Similar topic:

http://www.landlordzone.co.uk/forums/showthread.php?54834-Taxation-of-legal-compliance-expenditure-during-refurb

Thanks for the input.

The distinction between first let and subsequent ones is broadly consistent with a previous explanation on the subject that I have read.
...

I asked a similar (but more specific) question this morning.

Broadly speaking you cannot offset refurb costs against income tax ('revenue' expenses) but you can offset them against CGT ('capital'...

29/05/2009:

I realise that various aspects of the 'revenue vs capital' discussion have been covered previously so will try not to go over too much old ground.

It is tax return time, and I did a refurb during...

OP has asked this question already in another section of this forum.

In the case of a repayment mortgage it's not necessarily rocket science, since you know how much the principal is being reduced by each month.

In the case of an interest-only mortgage, of...

I have got a house just opposite a small substation and it has not been an issue. The surveyor did mention it in his report (making the point that it could put off potential tenants/buyers) but...

Maybe "admitting" responsibility. IMHO, "claiming" makes it sound as if they are pleased about it. Terrorist organisations tend to claim responsibility when bad things happen ; other people just...

I don't think 'income' is the right way of looking at it. You are saying that the interest on the repayment mortgage is less, so on that basis there is less that is tax deductible. If all other...

In Scotland, many estate agents are also solicitors. If this is the case then the Law Society of Scotland is the way to go. I had a long-standing issue with my first letting agent (also solicitor)...

Over the lifetime of a repayment mortgage (or IO if you choose to pay down the principal regularly), the interest component of your monthly payment decreases while the repayment component increases. ...

My preferred tenancy length is forever or, failing that, indefinite.

LLs who buy a property for income quite likely want to see it let for as long as possible to a good tenant. It does depend on...

18/02/13:


18/04/13:

Have you asked him?

T: "I would like you to evict me."
LL: "I don't have any intention of ever evicting you."
T: "Can you explain why not?"
LL: ...

Separate from the rest of the flat, one presumes - not each other.

Perhaps more to the point, how do people get a rug under their knickers?

BBC News today - "In Pictures: Goa's Nomads"

http://www.bbc.co.uk/news/world-asia-india-21710973

I didn't look at the page itself but couldn't help noticing that the headline is an anagram of...

I would say:

1. Your 15% figure sounds about right, as a return on your investment (ROCE? There are various similar terms and I would not claim to be an expert as regards the differences between...

To summarise my previous point concisely:

For the property manager at the small agency, it's their business. For their counterpart at the large high-street chain, it's their job.

My budgeted running costs are about 24% of gross rental income on average, including management.

You haven't said whether the property is leasehold or freehold, or whether you will be managing it...

My preference is for small, maybe family-run, agencies rather than the high street names. Reasons include:

1. Tendency for high turnover of staff at the high-street chains, and less personal...

Given the context I would venture that 'Potential Gain' may be more likely.

I suspect these abbreviations are not standard / widely used ones, only the originator of the flowchart could provide...

Arguably (and in principle) it might be better to stimulate building in order to increase supply, which should tend to depress prices. Help to Buy will stimulate buying, which may tend to increase...