What is section 24 Section 24 of the Finance Act 2015 might mean that over half of UK landlords will fall into a higher rate of tax. Although their income might not have increased, some might end up renting at a loss. Landlords interest relief system is changing. ...
Hmo licensing legislation An HMO, or “house of multiple occupation” is a property rented out by at least 3 people who are not from 1 ‘household’ (eg a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘house share’. HMOs...
What is the importance of an hmo HMOs, House of multiple occupancy are generally defined as properties with a minimum of three individual tenants sharing kitchen, bathroom and toilet facilities. Tenants renting the rooms separately and not being connected. Your...
Capital gains tax on investments The rules on capital gains tax on your home can be quite complicated. Essentially, if you’re selling your main home that you live in you are very unlikely to need to pay capital gains tax at all, because of a tax relief called private...
A property inventory ensures the landlord doesn’t have to pay for the damages or loss made to their property during their tenants’ residency. Floors can be scuffed, carpets stained and furniture may be missing. Actually, a number of unexpected...
We inform our landlords on property industry updates with blogs on Residential Property Management London. There are many updates that a landlords must keep up with whether it is tax, fire regulations, health and safety regulations, changes in the rental market or how best to keep the property maintained on time within budget.
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