kanrent

3 minutes ago, Carryon Regardless said:

I'm assuming you've adopted a warmer European state, as is more common.

Well, I'm led to believe that Spain has a fairly stringent comparable MOT.

Don't know about France but assume it to be similar. And with German advanced efficiency I would 'guess' worse.

There is the likes of Albania, Macedonia, but they aren't common relocation destinations.

Although foreign Scotland is colder.

Bulgaria? But there 2 Hp means 2 horses.

 

 

 

Tenant eviction for non payment of rent 24 hours 

Repossession of property normally 4 weeks

IHT  has a £1.2million threshold 

CGT only applies if the property is sold before 4 years

Tenants have few rights 

If they are unhappy with the state of the property they have the right to move out

VAT 7%

Its a landlords paradise 

Thailand 

13 minutes ago, Carryon Regardless said:

I can only try and guess,

Greece?

Nope try again

In my adopted country as an expat I pay = to £25 Road tax a year, no mot for a 2.5 litre diesel pick up gushing out black smoke

32 minutes ago, Melboy said:

It's the silly season again with the Green Party Conference this week.

Their latest agenda is to give every UK household a £320 Winter fuel payment which will cost Billions of ££££'s but fear not the money would be recouped by a Windfall tax on private landlords they have stated. No mention of the repercussions though I notice from the Green Party like huge rent rises (perhaps) to cover this tax.

You couldn't make it up could you but in this age of keyboard fairness(!) please discuss.  😀

Hope other party's don't copy their idea

1 hour ago, Richlist said:

No, not until 2028 when it applies to existing tenancies. You've got 6 or 7 years before your existing tenancy requires the new EPC rating and a lot can happen in that time.

Perhaps you need to view any costs required to meet the new rules as a necessary expense involved with letting......it is tax deductable. If you don't want to or cant meet the requirements you are shooting yourself in the foot. You will have to stop letting the property and most likely take a big drop in the price when you sell it.

In your shoes I'd plan ahead. If you really can't meet the cost of improving the EPC rating then sell asap before the low rating has a chance to more seriously affect the sale value.

It is tax deductabe but only as a capital improvement not a repair is that correct? 

So can only be used to reduce capital gains tax when I sell

beginning 2025, all newly rented properties will be required to have a certification rating of C or above. Existing tenancies will have until 2028 to comply. 

If I'm unable to raise My EPC to a C for my existing tenant because of financial or practical reasons would this be grounds for eviction

Don't want to beak the law do we 

The secret owners of more than 1,500 UK properties bought using offshore firms have been uncovered by a BBC investigation.

1 hour ago, Melboy said:

My last word on this subject because after all it is only a Government think tank proposal at the moment and my view is they need to think it through a bit more before actioning their proposal.

The average price of council tax for a 2 bed semi in my location is around £1,500 per year. £125 per month. I would have to add this to the monthly rent or at least a good proportion of it. This is not going to make the tenant very happy but there again they had been paying CT prior to the new legislation coming into effect haven't they.

Personally I hope it doesn't happen.

You won't be able to raise the rent if the government put a rent cap on it. 

A controversial proposal to scrap council tax, stamp duty and the bedroom tax, and replace them with a flat-rate tax paid by landlords rather than tenants, has been proposed by a leading think tank.

The Institute for Public Policy Research (IPPR) believes a proportional property tax would help to use existing housing stock more efficiently, rebalance property values across the country and increase spending among lower-income families – but it will hit landlords hard.

Im about 50 years behind regarding technology 

25 minutes ago, Richlist said:

Yes that's correct.

What exactly is that, does that mean that yourself assessment tax return will have to be do on line as opposed to a paper return

landlords with annual business or property income above £10,000 will need to follow the rules for MTD for Income Tax from their next accounting period starting on or after 6 April 2023.

8 minutes ago, Richlist said:

Bring it on, I love a challenge.

What I'm saying is check what type of vaccination they have had because for example the sinovac vaccine is completely ineffective against the delta variant many Asians coming to live in the UK have had this vaccine and have a vaccination certificate. 

If you decided to let only to vaccinated tenants it might be worth considering what type of vaccine they had

Example could be sinovac, sinopharm, moderna, Pfizer, 

Also consider the side effects tenants with a blood clot on the brain or heart inflammation or recently discovered Guillain-Barré Syndrome may find it difficult to pay the rent. 

Maybe many more side effects will occur as its only been a few months, who knows what side effects will occur 2 years into their tenancy 

50 minutes ago, Richlist said:

I think you may misunderstand.

The danger with an unvaccinated person is mainly to themselves and far less to fully vaccinated people. A fully vaccinated person can still carry and catch Covid but there is far less chance of them being hospitalised or worse.

The issue here is not that the unvaccinated tenant will pass Covid to contractors, visitors landlords etc but that if they do contract the virus it might seriously impact their ability to meet their obligations towards paying rents.

They might get sick pay

The first one underestimated the properties living area by 30 Square meters, if it was correct I'm not sure wheather it was lower or raise the assessment 

Am I allowed to have more than 1 EPC 

What I mean is if I have an EPC done and I'm not happy with the assessment am I entitled to get another done immediately after

9 hours ago, Richlist said:

The date of the next budget was announced today......less than 2 months away.......27th October.

Just when you thought it was safe to go into the water........

I am expecting the results of all the spending reviews to result in bad news for the rentals market.

Let's hope I'm completely wrong. 😕😕

More landlord bashing. 

CGT up

IHT up

tax tax tax tax

https://www.theguardian.com/business/2021/aug/19/lloyds-plans-big-move-into-uk-rental-market-with-50000-homes

Now we know why the government is trying to destroy the BTL industry 

Yes they are working for the banks

Hi I'm looking for a buy to let in Hertfordshire can anyone tell me the best type of property to buy up to about  £350.000

One that will get the best returns. 

I forgot to mention the overgrown area is fenced off from the rest of the garden so it's my responsibility the tenant is not bothered about it but the interfering neibours are kicking up a fuss not sure if the council will force me to clear it as I'm sure they will report it to the council

Hi the garden in one of my rental properties is badly overgrown and apparently has foxes living in it, the tenant is not at all bothered by this but the neibours are kicking up a fuss probably due to a 30 year grievance which happened is the past. Can the neighbours force me to have the garden cleared and maintained? 

"where we desire to sell a property" 

Or repossession so the landlord can move back into his property

Could set up a bad energy company black list also a bad tenant black list 

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.