LandlordZONE Update - HMRC using "big data" to uncover tax dodgers

 

HMRC using "big-data" to uncover the tax dodgers

  HMRC using

Landlords and Tax:

The revelation that almost 50% of landlords who had registered for the property licensing scheme in Newham - something all landlords there must do if they want to let property in the borough – had not registered for or filed a self-assessment tax return.

Of the 27,000 landlords registered on the scheme…

 
 

Sub-letting fees should not be more than £40

  Sub-letting fees should not be more than £40

Sub-Letting Licenses: (SOLITAIRE) LIMITED Appellant and CHERRY LILIAN NORTON and other cases [2012]

Landlords of leasehold buy-to-let flats are often asked to pay a fee (sub-letting licence or registration fee) to the freeholder when seeking permission to sub-let their flat, and this fee is usually due each time a new tenancy is signed.

This is…

 
 

Rent increases being forced on landlords…

  Rent increases being forced on landlords…

The latest Private Rented Sector (PRS) report from the Association of Residential Letting Agents (ARLA Propertymark) shows that landlords are responding to the squeeze on their income by passing on at least some of their increasing costs, by way of rent increases.

Around one-third of member letting agents surveyed in July 2017 saw rents increase…

 
 

Lawyer warns of Section 21 confusion

  Lawyer warns of Section 21 confusion

Eviction:

Section 21, the possession procedure in England, which has been a lifeline for landlords with bad tenants since the introduction of the Housing Act 1988, has undergone changes recently which have the potential to stymie an eviction attempt, if the rules are not followed to the letter.

No landlord wants to evict a good…

 
 

Section 21 Notice and Deposit Protection rules

  Section 21 Notice and Deposit Protection rules

Validity of Section 21 Notice: Amak Property Investments v Laura Sonny [2016]

This case was an appeal by the tenant following a county court judgement relating to the validity of a s21 notice on the basis that the landlord had not complied with the deposit protection (MyDeposit) scheme rules.

The wording in the relevant Act…

 
 

London commercial property sees strongest trading in 10 years

  London commercial property sees strongest trading in 10 years

Record Commercial Sales:

London commercial property has hit an £llbn record so far this year, with the City of London seeing it's strongest trading in a decade.

Savills, the property agency and consultancy, has produced data which shows July turnover was £2.1bn across 11 deals, equating to an average lot size of £190.92m. The sale…

 
 

Smart locks vs physical locks: which is more secure?

  Smart locks vs physical locks: which is more secure?

Property Security:

Technology has taken over nearly every aspect of our everyday lives, including how we choose to secure our homes. Following recent tests carried out by Hilton UK, smartphones could soon replace card keys as the way for guests to access the hotel chain's luxurious rooms. Smart locks are quickly becoming…

 
 

When is a landlord liable for injuries to a tenant?

  When is a landlord liable for injuries to a tenant?

Personal injury:

There are some instances when a landlord could be held liable for injuries suffered by a tenant (or a guest) while on the property. We explain everything you need to know below...

Landlords have a general duty of care to make sure the properties they rent are kept in a safe condition for…

 
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