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kanrent

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About kanrent

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  1. Could set up a bad energy company black list also a bad tenant black list
  2. Bit of an off topic, but if the tenant owes money for rent arrears it might be worth mentioning to them that they will be pursued at a later date for the arrears in court and if they loose and still don't pay they will be credit black listed in the future.
  3. If interest rates fall below zero you will probably have to pay the bank to keep your money
  4. kanrent

    VAT cut

    Hi does anyone know about the VAT cut, my letting agent still charges me the usual 20% Vat
  5. As a general rule professional tenants are better but not always my last tenant was a loss adjuster for insurance companies owed rent moved out with telling me, lied to the neibours about where he was moving to, stole everything in the house including the carpets and trashed the place before leaving.
  6. Avoiding Capital Gains Tax on Inherited Property Another time when the capital gains tax comes into play is when an individual inherits property. Often, the individual who inherits the property does not want to deal with the burden of keeping it. The good news is that if the individual chooses to sell the home immediately, they may not find themselves subject to the capital gains tax. The deceased’s estate does not have to pay CGT on any property or assets not sold before they passed away. The government considers these to be unrealised gains but does not require inheritors to pay a CGT. However, if the value of the property increases after the person dies, then an individual will need to pay CGT when sold during probate. The capital gains tax is not on the final sale price minus the initial buying price. Instead, the government estimates the CGT based upon how much the value of the home increased after the person passed away. Those who inherit property do so at the probate value. The government only holds them liable to pay CGT on the increase in probate value. So, if an inheritor knows that they do not want to keep the inherited property, they should sell it during probate. The increase in value that occurs during probate is minimal if any at all. Selling the property during probate is an excellent way to avoid capital gains tax on inherited property, considering that the government waives previous CGT as unrealised gains.
  7. Better start praying it won't happen in England
  8. kanrent

    CGT

    I did read they are also thinking about abolishing the 12k relief
  9. kanrent

    CGT

    Well seems like the chancelor will introduce a wealth tax by increasing CGT so much for a tory government
  10. Thanks on that note I think I will wait and see what happens the uk seems to be in a complete mess at the moment
  11. Is that a bad idea can you elaborate
  12. Hi just wondered if anyone here has a buy to let in Newcastle upon Tyne, I'm interested in buying a property there and am wondering which would be the best type of property to buy and which area, also interested in a good letting agent to manage the property.
  13. mel boy i just read this here on this sites news landlords of privately rented accommodation, including houses in multiple occupation, must: Ensure national electrical safety standards set out in the 18th edition of the ‘Wiring Regulations’ (British Standard 7671) are met. seems like it does have to meet the 18th edition
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