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Is it worth it after CGT?

Is it worth it after CGT?

It would seem many landlords are selling up, ‘but’ is this where capital gains tax comes in? As an example:- I have read if a property rises in value to leave £300,000 after taking away purchase...

11:21 AM, 29th November 2021, About 3 years ago |  39

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Rent increase hostage to windows?

Rent increase hostage to windows?

Hi, My tenants have not had a rent increase for the last 3 years and I need to do this now. Unfortunately, they are refusing the rent increase and tenancy renewal unless I fix the windows. The windows...

15:13 PM, 26th November 2021, About 3 years ago |  18

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Specific HMRC form for – Rent a room Method B?

Specific HMRC form for – Rent a room Method B?

My daughter bought a house which she shares with two friends as her tenants. They pay below market value rents for the area, but this year the rental income will be above the £7,500 annual rent a room...

11:07 AM, 25th November 2021, About 3 years ago |  2

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I maintain it’s not an HMO?

I maintain it’s not an HMO?

All the other joint tenants in my property have given notice to leave, thus that means the same for all. However, one occupant won’t tell me what she intends to do and won’t speak to anyone...

10:59 AM, 25th November 2021, About 3 years ago |  11

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Tenant refusing to leave and give electrician access?

Tenant refusing to leave and give electrician access?

A difficult family is refusing to leave after a S21 and issued court proceedings and waiting for their response to see if they file a defence. I need the EICR certificate, and they won’t let the...

14:02 PM, 22nd November 2021, About 3 years ago |  5

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BRRR – Buy, Refurbish, Refinance, Rent problem?

BRRR – Buy, Refurbish, Refinance, Rent problem?

BRRR misery –  Hi all, I need some help in solving a current situation concerning BRRR. I recently purchased 2 terraced houses next to each other to turn into 7 ensuite rooms and 2 x 1-bed flats...

10:31 AM, 19th November 2021, About 3 years ago |  24

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NHR in Portugal and UK Properties portfolio?

NHR in Portugal and UK Properties portfolio?

I am paying tax in Portugal and have become a Portuguese resident and taken up non-habitual residency. I have a small buy to let rental property portfolio in the UK and want to sell up the properties at...

10:13 AM, 19th November 2021, About 3 years ago |  3

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Tenant wants to wrestle control?

Tenant wants to wrestle control?

My tenant has been renting from me now for 4 years, and he still doesn’t have an understanding of what are realistic expectations as a tenant. He wants to tell me what to do by pointing out my responsibility.

9:46 AM, 19th November 2021, About 3 years ago |  16

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Gobbledegook?

Gobbledegook?

Does anybody know the latest eviction notice periods and when minimum EPC: C comes in to force? I’ve been on government sites that seem to be all over the place with the new EPC reg’s –...

15:17 PM, 18th November 2021, About 3 years ago |  13

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Oven Saga?

Oven Saga?

The existing oven in a rental property in Norwich had to be replaced. Got the measurements from the tenants and ordered a new one, paid for the existing one to be disposed of and paid for the new one to...

15:12 PM, 17th November 2021, About 3 years ago |  21

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Can I go back to HMRC and request an amendment to Probate?

Can I go back to HMRC and request an amendment to Probate?

My mother-in-law passed away earlier this year. I got a valuation and applied for probate. The total assets were below the IHT threshold. The house is now on the market and the value has gone up by £75k,

10:18 AM, 17th November 2021, About 3 years ago |  5

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Tenant will not now agree to new tenancy with neighbour purchaser?

Tenant will not now agree to new tenancy with neighbour purchaser?

I have a tenant who wants to move and wants ME to issue a section 21. However, she introduced me to her neighbour who wants to buy the house and let her stay as a tenant. Good so far…...

10:12 AM, 17th November 2021, About 3 years ago |  5

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Form N5B: Proof of notice and How to Rent Guide?

Form N5B: Proof of notice and How to Rent Guide?

Hi, I am completing the N5B form for an accelerated possession order. Question 10a asks about how the Section 21 Notice was served on the tenant. I had previously sent the tenant the Section 21 Notice...

9:51 AM, 17th November 2021, About 3 years ago |  5

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My procrastination will end up costing my kids £300,000

My procrastination will end up costing my kids £300,000...

“Learning from other peoples experiences is much less expensive than making your own mistakes”. I read that on Property118 several years ago and it has always stuck with me. So, to give something...

23:23 PM, 16th November 2021, About 3 years ago |  11

AdviceLandlord Tax PlanningLatest ArticlesReaders Questions
Moving into a former home and PRR?

Moving into a former home and PRR?

Hi, this question mainly relates to Capital Gains Tax (CGT) and Principal Private Residence Relief (PRR). I know you are going to tell me to speak to my advisers, but they are simply not property experts...

14:34 PM, 15th November 2021, About 3 years ago |  3

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EICR Inspection carried out by unregistered electrical contractor?

EICR Inspection carried out by unregistered electrical contractor?

I have recently applied for selective licensing as required by the council. After submitting relevant documents, the council have rejected the EICR as the contractor is not registered to carry out inspections,

13:33 PM, 15th November 2021, About 3 years ago |  7

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When is a new Council Tax banding charge applicable?

When is a new Council Tax banding charge applicable?

I am currently renovating a large 3-story flat into three totally separate self-contained flats – one on each floor. Clearly, they will need to be separately CT banded – how, and when is this...

15:01 PM, 11th November 2021, About 3 years ago |  2

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Removing tenant from rental agreement?

Removing tenant from rental agreement?

I am sure lots of you have dealt with this situation before and know the best way to handle it, but it’s a first for me, and I am after a little advice. I have a couple who have been renting off...

8:33 AM, 11th November 2021, About 3 years ago |  5

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Here today, gone tomorrow (with my data)?

Here today, gone tomorrow (with my data)?

It’s been a while since I gave anyone access to my computer, but the time has come when I need help with storage, speed and backups. Who do I trust to do this? Firstly, is the person techy enough...

11:48 AM, 10th November 2021, About 3 years ago |  11

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Wow! They must have been bad?

Wow! They must have been bad?

Finally, an industry body actually doing its job. Richard Davidoff’s ABC Estates booted out. “Residential management firm ABC Block Management has been expelled from industry body the Association...

7:31 AM, 9th November 2021, About 3 years ago |  16

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