Privacy Policy
BACKGROUND:
Property118 Ltd understands that your privacy is important to you and that you care about how your personal data is used and shared online. We respect and value the privacy of everyone who visits this website,
www.property118.com (“Our Site”) and will only collect and use personal data in ways that are described here, and in a manner that is consistent with Our obligations and your rights under the law.
Please read this Privacy Policy carefully and ensure that you understand it. Your acceptance of Our Privacy Policy is deemed to occur upon your first use of Our Site
. If you do not accept and agree with this Privacy Policy, you must stop using Our Site immediately.
- Definitions and Interpretation
In this Policy the following terms shall have the following meanings:
“Account” |
means an account required to access and/or use certain areas and features of Our Site; |
“Cookie” |
means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below; |
“Cookie Law” |
means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003; |
“personal data” |
means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and |
“We/Us/Our” |
Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB. |
- Information About Us
- Our Site is owned and operated by Property118 Ltd, a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.
- Our VAT number is 990 0332 34.
- Our Data Protection Officer is Neil Patterson, and can be contacted by email at npatterson@property118.com, by telephone on 01603 489118, or by post at 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.
- What Does This Policy Cover?
This Privacy Policy applies only to your use of Our Site. Our Site may contain links to other websites. Please note that We have no control over how your data is collected, stored, or used by other websites and We advise you to check the privacy policies of any such websites before providing any data to them.
- Your Rights
- As a data subject, you have the following rights under the GDPR, which this Policy and Our use of personal data have been designed to uphold:
- The right to be informed about Our collection and use of personal data;
- The right of access to the personal data We hold about you (see section 12);
- The right to rectification if any personal data We hold about you is inaccurate or incomplete (please contact Us using the details in section 14);
- The right to be forgotten – i.e. the right to ask Us to delete any personal data We hold about you (We only hold your personal data for a limited time, as explained in section 6 but if you would like Us to delete it sooner, please contact Us using the details in section 14);
- The right to restrict (i.e. prevent) the processing of your personal data;
- The right to data portability (obtaining a copy of your personal data to re-use with another service or organisation);
- The right to object to Us using your personal data for particular purposes; and
- If you have any cause for complaint about Our use of your personal data, please contact Us using the details provided in section 14 and We will do Our best to solve the problem for you. If We are unable to help, you also have the right to lodge a complaint with the UK’s supervisory authority, the Information Commissioner’s Office.
- For further information about your rights, please contact the Information Commissioner’s Office or your local Citizens Advice Bureau.
- What Data Do We Collect?
Depending upon your use of Our Site, We may collect some or all of the following personal data (please also see section 13 on Our use of Cookies and similar technologies):
- Name;
- Date of birth;
- Address and post code;
- Business/company name and trading status;
- Number of properties owned;
- Accountants details;
- Contact information such as email addresses and telephone numbers;
- Proof of residence and ID;
- Financial information such as income and tax status;
- Landlords insurance renewal dates;
- Property Portfolio details such as value and mortgage outstanding;
- How Do We Use Your Data?
- All personal data is processed and stored securely, for no longer than is necessary in light of the reason(s) for which it was first collected. We will comply with Our obligations and safeguard your rights under the GDPR at all times. For more details on security see section 7, below.
- Our use of your personal data will always have a lawful basis, either because it is necessary for our performance of a contract with you, because you have consented to our use of your personal data (e.g. by subscribing to emails), or because it is in our legitimate interests. Specifically, we may use your data for the following purposes:
- Providing and managing your access to Our Site;
- Supplying our products and or services to you (please note that We require your personal data in order to enter into a contract with you);
- Personalising and tailoring our products and or services for you;
- Replying to emails from you;
- Supplying you with emails that you have opted into (you may unsubscribe or opt-out at any time by the unsubscribe link at the bottom of all emails;
- Analysing your use of our site and gathering feedback to enable us to continually improve our site and your user experience;
- Provide information to our partner service and product suppliers at your request.
- With your permission and/or where permitted by law, We may also use your data for marketing purposes which may include contacting you by email and or telephone with information, news and offers on our products and or We will not, however, send you any unsolicited marketing or spam and will take all reasonable steps to ensure that We fully protect your rights and comply with Our obligations under the GDPR and the Privacy and Electronic Communications (EC Directive) Regulations 2003.
- You have the right to withdraw your consent to us using your personal data at any time, and to request that we delete it.
- We do not keep your personal data for any longer than is necessary in light of the reason(s) for which it was first collected. Data will therefore be retained for the following periods (or its retention will be determined on the following bases):
- Member profile information is collected with your consent and can be amended or deleted at any time by you;
- Anti-Money Laundering information and tax consultancy records are to be kept as required by law for up to seven years.
- How and Where Do We Store Your Data?
- We only keep your personal data for as long as We need to in order to use it as described above in section 6, and/or for as long as We have your permission to keep it.
- Some or all of your data may be stored outside of the European Economic Area (“the EEA”) (The EEA consists of all EU member states, plus Norway, Iceland, and Liechtenstein). You are deemed to accept and agree to this by using our site and submitting information to Us. If we do store data outside the EEA, we will take all reasonable steps to ensure that your data is treated as safely and securely as it would be within the UK and under the GDPR
- Data security is very important to Us, and to protect your data We have taken suitable measures to safeguard and secure data collected through Our Site.
- Do We Share Your Data?
- We may share your data with other partner companies in for the purpose of supplying products or services you have requested.
- We may sometimes contract with third parties to supply products and services to you on Our behalf. Where any of your data is required for such a purpose, We will take all reasonable steps to ensure that your data will be handled safely, securely, and in accordance with your rights, Our obligations, and the obligations of the third party under the law.
- We may compile statistics about the use of Our Site including data on traffic, usage patterns, user numbers, sales, and other information. All such data will be anonymised and will not include any personally identifying data, or any anonymised data that can be combined with other data and used to identify you. We may from time to time share such data with third parties such as prospective investors, affiliates, partners, and advertisers. Data will only be shared and used within the bounds of the law.
- In certain circumstances, We may be legally required to share certain data held by Us, which may include your personal data, for example, where We are involved in legal proceedings, where We are complying with legal requirements, a court order, or a governmental authority.
- What Happens If Our Business Changes Hands?
- We may, from time to time, expand or reduce Our business and this may involve the sale and/or the transfer of control of all or part of Our business. Any personal data that you have provided will, where it is relevant to any part of Our business that is being transferred, be transferred along with that part and the new owner or newly controlling party will, under the terms of this Privacy Policy, be permitted to use that data only for the same purposes for which it was originally collected by Us.
- How Can You Control Your Data?
- In addition to your rights under the GDPR, set out in section 4, we aim to give you strong controls on Our use of your data for direct marketing purposes including the ability to opt-out of receiving emails from Us which you may do by unsubscribing using the links provided in Our emails.
- Your Right to Withhold Information
- You may access certain areas of Our Site without providing any data at all. However, to use all features and functions available on Our Site you may be required to submit or allow for the collection of certain data.
- You may restrict Our use of Cookies. For more information, see section 13.
- How Can You Access Your Data?
You have the right to ask for a copy of any of your personal data held by Us (where such data is held). Under the GDPR, no fee is payable and We will provide any and all information in response to your request free of charge. Please contact Us for more details at info@property118.com, or using the contact details below in section 14.
- Our Use of Cookies
- Our Site may place and access certain first party Cookies on your computer or device. First party Cookies are those placed directly by Us and are used only by Us. We use Cookies to facilitate and improve your experience of Our Site and to provide and improve Our products AND/OR We have carefully chosen these Cookies and have taken steps to ensure that your privacy and personal data is protected and respected at all times.
- All Cookies used by and on Our Site are used in accordance with current Cookie Law.
- Before Cookies are placed on your computer or device, you will be shown a cookie prompt requesting your consent to set those Cookies. By giving your consent to the placing of Cookies you are enabling Us to provide the best possible experience and service to you. You may, if you wish, deny consent to the placing of Cookies; however certain features of Our Site may not function fully or as intended. You will be given the opportunity to allow only first party Cookies and block third party Cookies.
- Certain features of Our Site depend on Cookies to function. Cookie Law deems these Cookies to be “strictly necessary”. These Cookies are shown below in section 13.5. Your consent will not be sought to place these Cookies, but it is still important that you are aware of them. You may still block these Cookies by changing your internet browser’s settings as detailed below in section 13.9, but please be aware that Our Site may not work properly if you do so. We have taken great care to ensure that your privacy is not at risk by allowing them.
- The following first party Cookies may be placed on your computer or device:
Name of Cookie |
Purpose |
Strictly Necessary |
JSESSIONID |
Used only to collect performance data, with any identifiable data obfuscated |
No |
__cfduid |
This cookie is strictly necessary for Cloudflare's security features and cannot be turned off. |
Yes |
- Our Site uses analytics services provided by Google Analytics and Facebook. Website analytics refers to a set of tools used to collect and analyse anonymous usage information, enabling Us to better understand how Our Site is used. This, in turn, enables Us to improve Our Site and the products AND/OR services offered through it. You do not have to allow Us to use these Cookies, however whilst Our use of them does not pose any risk to your privacy or your safe use of Our Site, it does enable Us to continually improve Our Site, making it a better and more useful experience for you.
- The analytics service(s) used by Our Site use(s) Cookies to gather the required information.
- The analytics service(s) used by Our Site use(s) the following Cookies:
Name of Cookie |
First / Third Party |
Provider |
Purpose |
__utma, __utmb, __utmc, __utmt, __utmz |
First |
Google |
Helps to understand how their visitors engage with our website |
_fbp |
First |
Facebook |
Helps to understand how their visitors engage with our website |
- In addition to the controls that We provide, you can choose to enable or disable Cookies in your internet browser. Most internet browsers also enable you to choose whether you wish to disable all cookies or only third party cookies. By default, most internet browsers accept Cookies but this can be changed. For further details, please consult the help menu in your internet browser or the documentation that came with your device.
- You can choose to delete Cookies on your computer or device at any time, however you may lose any information that enables you to access Our Site more quickly and efficiently including, but not limited to, login and personalisation settings.
- It is recommended that you keep your internet browser and operating system up-to-date and that you consult the help and guidance provided by the developer of your internet browser and manufacturer of your computer or device if you are unsure about adjusting your privacy settings.
- Contacting Us
If you have any questions about Our Site or this Privacy Policy, please contact Us by email at info@property118.com, by telephone on 01603 489118, or by post at 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB. Please ensure that your query is clear, particularly if it is a request for information about the data We hold about you (as under section 12, above).
- Changes to Our Privacy Policy
We may change this Privacy Policy from time to time (for example, if the law changes). Any changes will be immediately posted on Our Site and you will be deemed to have accepted the terms of the Privacy Policy on your first use of Our Site following the alterations. We recommend that you check this page regularly to keep up-to-date.
Dennis Forrest
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Sign Up10:59 AM, 13th August 2024, About 3 months ago
Labour explanation of capital gains tax increases will probable be along the following lines:
Most landlords of modest means will only see a small increase in CGT from 18% to 20%.
Well off landlords who are 40% income tax payers will see their CGT increase from 28% to 40%.
This demonstrates Labour tax policy of only increasing taxes on those most able to afford them.
This of course ignores the fact that in many cases, because capital gains are in effect added to income for that year, many standard rate tax payers will pay at least part of their CGT at the higher rate.
It is bizarre that even though any capital gain is counted temporarily as income to bring in more people in to the higher CGT rate, you can't give the amount of this capital gain away,(even net of CGT paid) to children and count it as gifts out out surplus income for IHT purposes. No - having served its purpose as income it now reverts to being capital again and as everyone knows if you make gifts from capital you have to live 7 years for full IHT exemption.
It also ignores the fact that in many cases CGT is just a tax on inflation increases. We are just selling a holiday let which has doubled in price over 22 years. Most of this increase is just inflation.
Dylan Morris
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Sign Up11:39 AM, 13th August 2024, About 3 months ago
And additionally Section 24 is pushing many landlords into the higher rate band artificially.
Some of my rental properties I’ve owned for 25 years+ so the gains are quite large. I’m only really a basic rate tax payer but artificially in the 40% band. Some of my gains will be taxed at 45% ……for a basic rate taxpayer. All the years I’ve spent managing tenants, weeks of decorating between tenancies (which cannot be claimed against tax as I’m not incorporated) and these cheeky beggars want 45% of what I’ve made …..which has mainly been like you say due to inflation. I think Labour will see this as a tool to stop landlords selling up. I wouldn’t put it past them to continue the extra CGT for property, perhaps a flat rate of 60%. You have to remember these lot are far left marxists and I wouldn’t put anything past them.
JamesB
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Sign Up14:05 PM, 13th August 2024, About 3 months ago
Reply to the comment left by Dylan Morris at 13/08/2024 - 11:39I think we can take some comfort in the fact that the actual tax take doesn't go up in line with the rate. Pretty sure that even a change to the income tax rate would cause a drop in the actual tax take, let alone something obscene like 60%, simply because you can choose when, or if, to take a capital gain.
Firstpower
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Sign Up14:32 PM, 13th August 2024, About 3 months ago
Reply to the comment left by Dylan Morris at 13/08/2024 - 11:39
Hi Dylan
Your comments mirror mine with 30 years of looking after the houses painting /kitchens /bathrooms/ carpets
New Appliances and managing the tenants needs what has the governments done for there cut Absolutely nothing
As you say, a lot of the gains are inflationary they never take this into consideration. We are just looked at as a cash cows if you are a soletrader.
As we are pushed into high rate tax artificially because of George Osbourne section 24 i’ve just sold a house and paid the Government a handsome sum of £48,000 and that’s at the low rate of 24% you needed
To Refinance to make any business grow so when you do sell you’re paying off the interest only Mortgage first then the government, then you get what’s left and if they do increase in line with Tax not very much for 30 years
Also, the vultures are circling for landlords who now want to sell quickly before October 1 if they bring in the capital gains hike immediately and effectively make it impossible for us to sell this government is so far left-wing it’s unbelievable that people voted them in. Rachel Reeves saying about the 22 billion black hole she knew all about this in January and to come in and say I’m shocked how much debt we’re in again just absolute liars,
Sorry, so we’re gonna have to tax you now much more than we thought it’s the others fault not mine,
It was the labour government in 1997 that decimated the pensions market and made billions from it that was how the modern buy to let was born as people looked around to secure their future pension, and Now this lot want to rob you of it all .
And what about all the money that will be needed if we need Epc’s to be C rated an average terrace house could cost £20,000 for a small cut on the gas electric bill for the tenant per year and I’m alright in saying that social housing will not have to comply and local councils.
Jack Jennings
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Sign Up14:45 PM, 13th August 2024, About 3 months ago
This idea of 'aligning' capital gain with income tax is ridiculous in itself. If you paid all your income tax for all the years you'd worked in a particular job in the year you changed jobs with only a 3k nil band that would indeed be an alignment. It would also result in an uprising.
Stella
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Sign Up15:52 PM, 13th August 2024, About 3 months ago
Last time we had a Labour government we had taper relief which was a fairer tax.
Rachel Reeves proclaims that she wants a thriving economy so why then does she want to introduce punitive tax laws and stifle growth.
Labour are on course to collapse the economy!
Dennis Forrest
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Sign Up16:06 PM, 13th August 2024, About 3 months ago
Reply to the comment left by Jack Jennings at 13/08/2024 - 14:45Labour's thinking surrounding the morality or the the justification for aligning capital gains tax with income tax would probably be something like:
Capital gains are something which just happens without any input from the investor. You are just lucky, you haven't had to work for it, it's usually just a pleasant bonus to an investment you make.
To be honest, when we start renting property we all usually expected/hoped for some capital appreciation.
There are very few investments which can guarantee capital gains. Surprisingly one such investment is run by the government. If you buy the right bond then if you wait until maturity then a capital gain is guaranteed when the bond is repaid. Also there is no CGT to pay.
Bonds issued by the UK government (gilts), are exempt from capital gains tax. The exemption from capital gains tax extends to options and other contracts to buy or sell gilts.
IMO CGT should be like in the 1970's, if any tax is to be paid, then it should be based on the capital appreciation after taken inflation has been taken in to account.
To minimise CGT the way I have transferred investment properties over the years to family members over the years is in stages. e.g. 20% each year for 5 years. It does cost a bit in legal fees but in the past we have been able to benefit each year from £24,600 (2 x £12,300) annual CGT exemptions and also making sure a good portion of our tax being paid at the the lower 18% rate. Now the CGT exempt amount is only £3,000 not sure whether this is a worthwhile strategy
Peter Merrick
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Sign Up16:41 PM, 13th August 2024, About 3 months ago
Reply to the comment left by Dylan Morris at 13/08/2024 - 11:39
Property is theft, or so they say, so they probably think they are just taking back the benefit that the landlord should not have had in the first place!
Tony Clements
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Sign Up11:13 AM, 14th August 2024, About 3 months ago
Reply to the comment left by Dennis Forrest at 13/08/2024 - 10:59
Do they intend to treat your capital gain as included in yearly income? £100k capital gain added to your regular income would put you in the highest tax bracket.
Dylan Morris
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Sign Up11:38 AM, 14th August 2024, About 3 months ago
Reply to the comment left by Tony Clements at 14/08/2024 - 11:13
Yes that’s exactly how it works at the moment. Although the CGT rate is 18% for the part that is within basic rate income tax and 24% for the part that is within 40% and 45% income tax.