Category Archive: Bosley Bites

Rental Properties – what tax?

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Can you claim all rental property expenditure against your income for tax purposes? It depends on the type of expenses incurred. Take Bill, a theoretical Landlord. Bill’s rental house needs to be fitted with a… Continue reading

Right to Rent Checks

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The Home Office have announced Right to Rent checks will be rolled out across the UK from Monday 1st February 2016 on all new tenancies. The legislation means that all landlords and letting… Continue reading

Bye Bye, Buy-to-Let?

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In a bid to lessen the competition for first time buyers from buy-to-let investors and second home buyers, an increased Stamp Duty of 3% will apply to properties bought for over £40,000 which… Continue reading

Tax on Rental Income

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The ownership of an investment property will determine how it is taxed, i.e. whether the property is held as an individual, jointly with another, or through a company. An individual landlord will pay… Continue reading

Furnished Lettings

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Few properties these days appear to be offered on the market fully furnished.  The natural reluctance of landlords to pay for the cost of providing the furniture and the risks of damage are… Continue reading

Taxation Charges for Refurbishment Works

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How to distinguish between repairs and capital improvement for tax for a rental property? Bill, a theoretical Landlord, wishes to refurbish a kitchen.  This will be considered for Income Tax purposes as a repair,… Continue reading

Ageing tenants resulting in increasing rents…..

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Nationally there has been a change in the average age of tenants. This has been attributed to a lack of easily available private mortgages and increased house prices, meaning that families have been… Continue reading

Is Your Deposit Protected?

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The Housing Act 2004 requires landlords and letting agents to protect deposits in a scheme such as The Tenancy Deposit Scheme (TDS), of which Sheldon Bosley are members. The TDS provides government approved… Continue reading

Local Current Rental Market Shows No Sign of Slowing

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The Association of Residential Letting Agents (ARLA), stated in the summer that their members had reported across the board that the number of available rental properties had increased and demand had dipped. However,… Continue reading

Buy-to-let

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The Bank of England has recently published figures which show that “buy-to-let” mortgage lending has risen by 40% since 2008. Over the same period owner-occupied lending has increased by only 2%. This boom… Continue reading