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Running Holiday Lets Is Not a Business, Rules Tribunal
The tax man has fiercely contested claims from the estate of a holiday lettings partnership that the venture was a business. The executors of Marjorie Ross challenged a ruling by HM Revenue & Customs that her two-thirds share in a partnership that rented out eight...
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Who’s Right About Buy to Let Repair Gripes?
Official private home rental data from the government seems to paint a different picture of the market from a report released by consumer charity Citizens Advice. Citizens Advice claims 41% of tenants have waited longer than expected for landlords to carry out repairs...
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Landlord Fined for Rent Smart Wales Offences
A Cardiff landlord who ignored Rent Smart Wales licensing in Wales faces a bill of more than £3,500 for not complying. Landlord Shelley Bailey of Eastwood Park, Wotton-Under-Edge, Gloucestershire was prosecuted under the Housing (Wales) Act 2014 for breaking the law...
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How to Combine Property and a Pension With a SIPP
Buy to let is a popular property retirement investment for landlords often at the expense of more formal pension saving. But there is a way to combine the two despite strict rules about holding residential property in a pension. The retirement plan of choice for...
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Ban on Letting Fees Moves a Step Closer
More than 4,700 people responded to the recently closed government consultation on banning letting fees for tenants. The paper was seeking views on a proposal to stop letting agents and landlords charging tenants upfront fees before renting a buy to let home in...
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Prescribed Information (How To Rent Guide) To Be provided
Prescribed Information (How To Rent Guide) To Be provided The next job for landlords in England is to provide "prescribed information" which should be given to a tenant at the time of granting a new tenancy and ultimately before a section 21 notice can be served in...
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Home Office Issues Tower Block Fire Stats
The terrible Grenfell Tower disaster has triggered the government to rush out statistics about fires in high-rise blocks of flats amongst other types of properties including houses and bungalows. The data was due for release later in the summer, but the blaze prompted...
read moreLandlord no longer wishes to retain a deposit under a particular scheme
The below guidance deals with the situation where a landlord wishes to no longer retain a deposit under a scheme "during the tenancy". This has nothing to do with when the tenancy has ended. Custodial Scheme There is no provision within the Housing Act 2004 that once...
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Penal Property Taxes Predicted to Backfire on Tenants
Property taxes aimed at taking the heat out of the buy to let market by punishing landlords financially will only hurt tenants in their pockets, argues a former Bank of England policymaker. David Miles says politicians want to look like they side with first time...
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10% Slump in Number of Buy To Let Homes For Renters
The number of buy to let homes on the market to rent has slumped by more than 10% in a year, according to new data. Only the North East has seen an increase in homes available for private rent – and most other regions saw an above average reduction in housing stock....
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