Three Ways to Save Landlord Tax You Probably Don’t Know
The new tax year is fast approaching along with new measures curbing mortgage interest relief that could see HMRC bills soar for some landlords, so now is a good time to look at property expenses that they can claim but probably overlook. (more…)
Backdating HB Claim
Regulation 83(12) Housing Benefit Regulations 2006: Backdating A claim made on or after 6 October 2008 can only be backdated for up to six months, rather than the 52 weeks that was possible before that date. Note that the DWP has said, in the explanatory memorandum to SI 2008 No 2424, that the policy intention is to move to ...
Power of Entry (HHSRS)
One of the most important elements of an inspection for HHSRS purposes is section 239(5) Housing Act 2004. This requires at least 24 hours notice of the intention to inspect to be first given to owners and occupiers where that inspection is in relation to assessing the property for the housing health and safety rating system . Before entering
How To Find Out if Tenant Has Been Paid Housing Benefit
This is one of those bits of advice we are often giving on the help-line and during day or half day seminars but bizarrely I couldn’t find on the website when I promised to send someone a link. I’m sure it was on so it may have gone astray when we ported from the old site to this one. The problem A very common problem when taking housing ...
How The Tax Man Will Get More Information About Landlords
The tax man wants electronic payment providers to pass over more information about landlords renting out buy to lets and holiday lets. (more…)
Can unit be self contained where bathroom and wc shared?
It is clear that a true bedsit type accommodation where all facilities are shared can not be self contained accommodation and therefore the council tax banding will be for the entire house. It is also clear that where a house has been split into fully self contained flats where they have their own kitchen, bathroom and WC for exclusive use, ...
Buy to let slows down but is still growing, says lender
Buy to let is still expanding – but at a much slower rate than in recent years due to government intervention, says a new industry report. (more…)
Tenants Repairing Obligations
In a very important case, (Warren v. Keen 3 W.L.R. 702), Denning L.J. explained the definition of "tenant like manner" "...what does "to use the premises in a tenantlike manner" mean? It can, I think, best be shown by some illustrations. The tenant must take proper care of the place. He must, if he is going away for the winter, turn off the ...
Entitlement and Calculation of Housing Element Universal Credit
Entitlement and calculation of housing element universal credit Rental payments to be calculated monthly Currently, housing benefit is calculated and paid 4 weekly. A significant change of universal credit is that for tenants, payments will be made calendar monthly and as such, the housing element will be calculated monthly. Where the ...
Property Tax Toolkit Helps Landlords Save Cash
Property tax is a perpetual issue for landlords – most believe they are paying too much and many are continually looking at ways to make savings. Although some controversial tax changes are on the way, such as changes to mortgage relief and wear and tear claims, too many unwary property investors fail to understand the basics and can slip up ...