Following the social media frenzy regarding HMRC’s Spotlight 63 on “Hybrid LLP” abuse we have been asked numerous times by our clients how they might be affected by planning we have recommended...
The Bank of England Monetary Policy Committee (MPC) today voted by a majority of 7–2 to increase the Base Rate by a further 0.5% to a post credit crisis high of 4%. The two dissenting members voted to...
The Bank of England’s Monetary Policy Committee (MPC) today voted by 6 – 3 members to mirror the Fed by increasing the Base Rate by 0.5% to a total 3.5% interest rate. Two MPC members voted...
In an outbreak of predictability, when we all know the Base Rate is heading towards 4% to keep up with the Dollar and the Fed, The Monetary Policy Committee (MPC) voted 7-2 for an increase of 0.75% to...
The Bank of England Monetary Policy Committee (MPC) voted by a majority of 8 – 1 in favour of the Hawks to increase interest rates by 0.5% this month to a Base Rate of 1.75%. This is justified by...
The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 6-3 to increase Bank Rate by 0.25% to 1.25%. Three dissenters voting on the MPC all wanted to raise the rate by 0.5%.
The...
The latest inflation figures released today by the Office of National Statistics indicate CPI inflation has reached 9.0% in the 12 months to April 2022, the highest rate since recording started in 1997,
The Monetary Policy Committee have voted by a majority of 6-3 to increase Bank Rate by a quarter-point to a full 1% with 12 month CPI inflation rising to 7.0% in March, around 1% higher than expected in...
The Monetary Policy Committee (MPC) voted by a majority of 8-1 to increase Bank Rate by 0.25 percentage points, to 0.75%. Only one Dove this time preferred to maintain Bank Rate at 0.5%, but there were...
The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 5-4 to increase Bank Base Rate by 0.25 percentage points, to 0.5%.
The members of the committee that voted against...
It has started: The Bank of England Monetary Policy Committee (MPC) voted by a majority of 8-1 to increase Bank Rate by 0.15% to 0.25%. They did however vote to maintain Quantitative Easing (QE) at the...
The Governor of the Bank of England confirmed to the select committee that he was not a fan of the bank’s previous forward guidance policy, instigated by Mark Carney.
Forward guidance (hints given...
The Bank of England Governor, Andrew Bailey, was giving evidence to the Commons Treasury select committee and told them: “I’m very uneasy about the inflation situation. I want to be very clear...
The Doves in the Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to not increase the Bank Base Rate in the face of current inflationary pressures. They also voted not...
The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 0.1% and by a majority of 7-2 to continue with its existing programme of Quantitative Easing.
CPI...
The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Base Rate at 0.1% and to maintain the same levels of Quantitative Easing. This is despite CPI inflation projected to rise...
The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to keep the Bank Base Rate at 0.1% and by a majority of 8-1 to continue with its existing programme of UK government bond purchases...
The Bank of Englands Monetary Policy Committee (MPC) has voted unanimously to maintain Bank Rate at 0.1% and current levels of Quantitative Easing. This was due to the fall in inflationary pressures caused...
The Bank of England’s Monetary Policy Committee has voted unanimously again to keep the Bank Base Rate at 0.1% with no change to the quantitative easing programme.
The inflation rate is not expected...
The Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 0.1% and to make no changes to the quantitative easing program.
The effect of increased coronavirus cases and the third national...
Daily Mail have a lot of angry Landlords!
>> https://www.dailymail.co.uk/news/article-14001855/Keir-Starmers-wrong-working-people-Furious-landlords-savers-self-employed-slam-PMs-claptrap-prejudice-hinted-tax-hikes.html... Read More
Hi Jane,
I would recommend a tax advisory service with a very wide set of skills and experience. Someone like Forbes Dawson >> https://forbesdawson.co.uk/... Read More
I don't think you quite get we report the news sometimes of what others are saying without always giving an opinion, but we are always championing on behalf of good landlords.... Read More
Hi Andrew, Under current legislation if it is a private individual's main residence then it is considered an AST regardless of the contract.... Read More
"Cats Protection understands that some landlords may be reluctant to allow cats in their properties. However, research shows that pet owners stay longer in their homes, and that the vast majority of pets cause no damage[i]. Through our Purrfect Landlords campaign, we’ve been working hard to highlight the benefits of pet ownership in the rented sector to both landlords and tenants.
Pet-owning tenants face real challenges in finding suitable housing, and this is why the Renters Reform Bill contains a clause to give tenants a right to request a pet which cannot be unreasonably refused. Our own research shows as few as 9% of landlords currently advertise their properties as allowing pets. We see three cats a day handed into our care due to landlord-related reasons such as blanket ‘no pet’ policies.
Unfortunately, the Consumer Rights Act makes no explicit mention of pets. It refers to ‘unfair terms’, and whether this would include a ban on pets within a tenancy has not been tested. We believe it would be unrealistic for the average renter to have the access and means to challenge this in court. This is why the Renters Reform Bill is needed – to explicitly and clearly set out that landlords must not ban pets without good reason.
The proposed Renters Reform Bill contains a specific provision to enable landlords to require tenants to take out insurance (at their own expense) to cover any pet-related damage. We believe this provides suitable reassurance and peace of mind for landlords and removes the need for increased deposits to cover any damage.
Our website contains a wealth of information to help landlords and tenants so that pet ownership can be a benefit to both parties. For more information, please visit cats.org.uk/purrfectlandlords"... Read More
Let me see potential:
Failure to report rental income to HMRC?
Failure to report a CGT liability dependent on PPR relief?
Voter registration fraud?
Universal credit fraud?
Council tax fraud?... Read More
14:48 PM, 25th October 2024, About 4 weeks ago
Daily Mail have a lot of angry Landlords!
>> https://www.dailymail.co.uk/news/article-14001855/Keir-Starmers-wrong-working-people-Furious-landlords-savers-self-employed-slam-PMs-claptrap-prejudice-hinted-tax-hikes.html... Read More
10:21 AM, 17th October 2024, About a month ago
Dear Mike,
The maximum fine for a breach of Licence is £30,000!
I would recommend you contact our friends at Landlord Licensing and Defence >> https://landlordsdefence.co.uk/... Read More
11:46 AM, 9th October 2024, About 2 months ago
Hi Jess, Do you have a Partnership agreement and what does it say?... Read More
14:01 PM, 1st October 2024, About 2 months ago
Reply to the comment left by Keith Wellburn at 01/10/2024 - 12:00
Correct that should be £315,000 per individual Landlord not per property and now corrected thank you :)... Read More
10:13 AM, 5th August 2024, About 4 months ago
Hi Jane,
I would recommend a tax advisory service with a very wide set of skills and experience. Someone like Forbes Dawson >> https://forbesdawson.co.uk/... Read More
16:53 PM, 26th July 2024, About 4 months ago
Reply to the comment left by G Master at 26/07/2024 - 16:27
I don't think you quite get we report the news sometimes of what others are saying without always giving an opinion, but we are always championing on behalf of good landlords.... Read More
9:04 AM, 26th July 2024, About 4 months ago
Reply to the comment left by G Master at 26/07/2024 - 00:54
Me thinks you may not read all the articles :)... Read More
10:05 AM, 15th July 2024, About 4 months ago
Hi Andrew, Under current legislation if it is a private individual's main residence then it is considered an AST regardless of the contract.... Read More
12:19 PM, 31st May 2024, About 6 months ago
Reply to the comment left by LordOf TheManor at 31/05/2024 - 11:12
I am not an accountant, but from the professional websites it looks like you need to call HMRC on:
0300 200 3300... Read More
18:47 PM, 16th May 2024, About 6 months ago
Reply from Cats Protection:
"Cats Protection understands that some landlords may be reluctant to allow cats in their properties. However, research shows that pet owners stay longer in their homes, and that the vast majority of pets cause no damage[i]. Through our Purrfect Landlords campaign, we’ve been working hard to highlight the benefits of pet ownership in the rented sector to both landlords and tenants.
Pet-owning tenants face real challenges in finding suitable housing, and this is why the Renters Reform Bill contains a clause to give tenants a right to request a pet which cannot be unreasonably refused. Our own research shows as few as 9% of landlords currently advertise their properties as allowing pets. We see three cats a day handed into our care due to landlord-related reasons such as blanket ‘no pet’ policies.
Unfortunately, the Consumer Rights Act makes no explicit mention of pets. It refers to ‘unfair terms’, and whether this would include a ban on pets within a tenancy has not been tested. We believe it would be unrealistic for the average renter to have the access and means to challenge this in court. This is why the Renters Reform Bill is needed – to explicitly and clearly set out that landlords must not ban pets without good reason.
The proposed Renters Reform Bill contains a specific provision to enable landlords to require tenants to take out insurance (at their own expense) to cover any pet-related damage. We believe this provides suitable reassurance and peace of mind for landlords and removes the need for increased deposits to cover any damage.
Our website contains a wealth of information to help landlords and tenants so that pet ownership can be a benefit to both parties. For more information, please visit cats.org.uk/purrfectlandlords"... Read More
10:02 AM, 28th February 2024, About 9 months ago
Let me see potential:
Failure to report rental income to HMRC?
Failure to report a CGT liability dependent on PPR relief?
Voter registration fraud?
Universal credit fraud?
Council tax fraud?... Read More
10:50 AM, 17th January 2024, About 10 months ago
Reply to the comment left by Judith Wordsworth at 17/01/2024 - 10:39
Sorry It's a Readers Question... Read More
10:21 AM, 30th October 2023, About A year ago
Reply to the comment left by Shinh at 30/10/2023 - 10:17
Landlord Licensing and Defence specialise in this field and we have had excellent feedback :)... Read More
10:49 AM, 19th October 2023, About A year ago
Reply to the comment left by Robert M at 19/10/2023 - 10:46
Massive traffic we have upgraded to 16 servers... Read More
8:13 AM, 5th September 2023, About A year ago
Reply to the comment left by Michael Crofts at 04/09/2023 - 21:51
No there are unsurprisingly two Mark Smiths :)... Read More
16:46 PM, 31st August 2023, About A year ago
Reply to the comment left by Baz at 31/08/2023 - 15:50
No Editing Baz it just can't have saved.... Read More
21:01 PM, 21st August 2023, About A year ago
Reply to the comment left by NewYorkie at 21/08/2023 - 17:45
Sorry we have no record of your comment so it may not have saved... Read More
8:29 AM, 17th July 2023, About A year ago
Reply to the comment left by Patricia Wisefield at 16/07/2023 - 20:04
Hi Laura,
Please see >> https://www.property118.com/insurance-landlords/... Read More
20:24 PM, 13th July 2023, About A year ago
A lot of comments here backing up the original article
>> https://www.property118.com/are-councils-acting-illegally-when-telling-tenants-to-stay-put/
On councils telling tenants to stay put.... Read More
9:05 AM, 20th June 2023, About A year ago
Dear Helen,
I am assuming you mean a 2-year fixed term?
During a fixed term the tenant has to agree to the increase.
Also if you have a mortgage you need to check the lender is happy for a fixed term longer than a year as it affects their security.... Read More