SOME GOOD NEWS FOR RESIDENTIAL LANDLORDS
When creating an Assured Shorthold Tenancy of a residential property the Landlord needs to provide specified information to the Tenant. Where applicable, this would include a current gas safety certificate. Where particular requirements apply but were not followed then the penalty could be an inability to serve a valid “Section 21 Notice”, which is the…
Submission of capital gains tax returns for residential property
On 6th April 2020 the rules on submission of capital gains tax returns for residential property changed and UK residents who are individuals, trustees or personal representatives will be affected. Exemptions to reporting requirements include inter-spouse transfers. A report will need to be made within 30 days of completion of the transaction and late filing…
Rentcharges
Rentcharges are interests in land held by a person who is entitled to enforce the interest if the payment of a periodic sum remains unpaid. The rent is the annual or periodic sum payable under a rentcharge and the rent owner is the person who has the benefit of the rentcharge and is entitled to…