Tax And Accounting Revolution For Buy To Let Landlords
New moves are on the way that make keeping accounts and paying tax easier for up to 2.5 million buy to let landlords. (more…)
Payment of rent by a stranger
Payment or satisfaction of the amount of the rent due by a stranger to the contract of tenancy does not discharge the tenant unless it is made by that person as agent for the tenant and with his prior authority or subsequent ratification. 2 K.B. 558; Simpson v. Egginton (1855) 10 Ex. 845; Matthews v. Dobbins 1 W.L.R. 227; Bessa Plus Plc v. ...
A New Direct Payment Issue
The Department of Work and Pensions ("DWP") has issued new guidance to local authority staff for local housing allowance. In the guidance, a new point is raised concerning direct payments to landlords when the tenant is the equivalent of eight weeks or more in arrears. At this point, it is perhaps worth recapping a little as to where we are ...
Thousands of Landlord Tax Cheats Caught in Licensing Scheme
Thousands of landlords who have failed to pay tax on their rental problems face having their names passed to HM revenue & Customs by councils running licensing schemes. (more…)
Britain’s Property Wealth Tops £10 Trillion
A rise in house prices of 4.9% in the past 12 months has helped push Britain's household wealth to more than £10 trillion. (more…)
Letting Agent Pays £20,000 Over Shared House Licence Sham
A letting agent has to pay £20,000 for handing shared house tenants licences instead of tenancy agreements in what is thought to be the first prosecution testing the issue ever. (more…)
Property Wealth Puts Landlords Among Britain’s Richest
Property investors are among the country's wealthiest individuals – and those born before 1966 are the best off of them all, according to a new report. (more…)
Red-Tape Tangle That Ties Buy to Let Landlords in Knots
Landlords and letting agents are often accused of working in an unregulated market – but their critics fail to realise more than 145 property laws tie their businesses in red tape. (more…)
What Happens if Your Tenant Takes in a Lodger?
Finding out a tenant has sub-let a room in your buy to let to a lodger is worrying for some landlords. (more…)
Landlords Need to Treat Buy to Let as a Business
Buy to let landlords need to take a more professional approach to running their property as many are unaware of scathing new tax changes impacting their businesses. (more…)