Unprotection of Deposit During Tenancy
Sharon v Zmuda plus one other Clerkenwell & Shoreditch County Court 9EC02134 This is a case that is perhaps not of great importance, however, it provides a useful excuse if nothing else to explain the procedures involved for un-protecting a deposit mid way through a tenancy and the effects of such at any potential court hearings. The ...
Occupation, Abandonment and Only or Principal Home
Introduction For a tenancy to be an assured shorthold tenancy, it must be the only or principal home of at least one of the tenants (if more than one) section 1(b) Housing Act 1988 This means that the tenant of an assured shorthold tenancy may have two homes because it can be either their “only” home or their “principal” home. The problem ...
Nine April 2016 tax changes you need to know about
April 6 – the start of the 2016-2017 tax year is a big day for tax with a number of new measures covering pensions and earnings affecting landlords taking effect. (more…)
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. (more…)
Landlord can force sub-tenant to pay rent (if one)
A superior landlord has the right to require a sub-tenant to make future payments of rent to him where his immediate tenant is in arrear with the rent. s 6 To avoid distress. In cases where the rent of the immediate tenant of the superior landlord is in arrear it shall be lawful for such superior landlord to serve upon any under tenant ...
How The New Wear And Tear Relief For Landlords Works
While the scrapping of higher rate finance interest relief has led to a furore among landlords, a major update to claiming wear and tear allowance has slipped by almost unnoticed. A new consultation announced by HM Revenue & Customs (HMRC) proposes to scrap the 10% wear and tear allowance. The replacement will be a claim-as-you-go ...
Letting Agent Must Pay Up or Face 30 More Months in Jail
Fraudster Chandra Patel who was jailed for 10 months for taking thousands of pounds in deposits handed over by tenants faces more time in prison if he does not repay the cash. (more…)
How To Save Tax With Income Shifting For Married Couples
If you and a spouse jointly own a rental property and pay income tax at different rates then warning bells should be ringing as an income shifting tax opportunity is beckoning you. Income shifting is a common strategy to minimise income tax on earning generated by investments and capital gains tax on any profits made when they are sold. The ...
Letting Agent Fees Axed – But Some Tax Cheer For Landlords
Buy to let landlords have yet another business cost to swallow as Chancellor Philip Hammond confirmed letting agent fees for tenants will be scrapped in England. (more…)
Corgi Changes to Gas Safe Register
CORGI Loses its Bite as Gas Installer Scheme moves to Capita 02 February, 2009 On 8 September 2008, the Health and Safety Executive (HSE) awarded a new 10 year contract to Capita Group plc to provide a new registration scheme for gas installers. This will begin on 1 April 2009 and will, with immediate effect, replace the current CORGI system