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[Gordon999]

Details of the current freeholder can be obtained by purchase of freehpld title from Land Registry Online , You can pay £3 by credit card and download the information. If the freehold title is under Bona Vacantia, a group of leaseholder can write to the BV Solicitor and offer to buy the freehold...

[Gordon999]

Does your property need re-decorating ? Have you a rental tenant in the property and held back by a one year rental agreement ?

[Gordon999]

If the property was first sold in 2006 at £100k, with ground rent starting from £100 p.a

Then after the last sale at £180K , the ground rent would rise from £100 ( starting ) to £100 + £5 x 80. = £500 p.a ( current ) .

After a 15 years period , for the...

[Gordon999]

Has your valuation for rebuild cost exceeded £500 per sq ft ? Its very tricky in Central London area where each floor can sell for £1 Mil or more.

[Gordon999]

1. I think the rental income of £350 per month comes to £4200 per year.

In 2009, the Personal Allowance was around £6500 before starting to tax on the rental income.

So unlikely for Tax Office to be interested in mum's non-declaration of rental income £4200 which ...

[Gordon999]

The rules for paying SDLT on transfers solely between spouses living together state :

From 22 November 2017, the higher rates rules disregard transactions solely involving the transfer of interests between spouses or civil partners while they are treated as living together on the date...

[Gordon999]

Send a letter to the Tax Office to explain reason why you intend to reduce the July 2021 tax payment.

[Gordon999]

I think you can report your buyer's solicitor to the SRA ( Solicitors Regulation Authority )

[Gordon999]

Fire safety assessment is treated as a service charge expense

[Gordon999]

Did the lease term start from 99 years or 125 years ? and what was the starting ground rent ? What was the last sale price ?

The starting ground rent should not exceed 0.1 % or 0.2 %of first sale price ( or mortgage lenders may refuse to offer mortgage loan ).


...

[Gordon999]

If the property has never been rented out , there is no income to declare on a UK tax return. But when it is sold , there may be capital gains to report to Spanish Tax Office.

[Gordon999]

In post 1 ( dated 17 April) , you said agent A had 4 viewings after reducing the price. Any viewing during past 3 weeks period ?

At present there is stamp duty holiday until end of June to motivate buyers . ....

[Gordon999]

https://www.standard.co.uk/news/uk/f...k-b933758.html

The residents at the tower block are lucky to escape substantial damage to their building.

LA is right the developers must be held accountable for replacing the wrong type of cladding .

[Gordon999]

If a house is purchased under a freehold title by a Ltd company and subsequently converted into 3 flats, the property becomes a MUFB ( multi-unit freehold building ) if remaining under the same freehold title.

The Ltd company seeking a loan will find interest rates are much higher because...

[Gordon999]

You said "on the 3% higher SDLT rate, we did check that it doesn't seem to apply to transfer between spouses any more:"

Are you married to your partner ?

[Gordon999]

You don’t need to tell HM Revenue and Customs (HMRC) about some land and property transactions which are exempt from SDLT. They include:

• transactions where no money or other type of payment changes hands
• property left to you in a will
• property transferred because of divorce or dissolution of a

...

[Gordon999]

If you buy a property is poor state and refurbish it before renting out , the entire cost should be a capital expense which is added to property purchase cost. ( and used after sale of property for computing capital gains tax.).

But hmrc rules allow for "maintenance expenses"...

[Gordon999]

How many flats in your building ? How old is your building ? Are the directors appointed from leaseholders of flats in your building ?

The RMC has to file annual accounts to Companies House. But if the RMC does not receive any ground rent income and its only annual expense is...

[Gordon999]

This measure also announces that from 1 April 2023, the Corporation Tax main rate for non-ring fenced profits will be increased to 25% applying to profits over £250,000. A small profits rate (SPR) will also be introduced for companies with profits of £50,000 or less so that they will continue to pay...

[Gordon999]

At present the personal tax allowance of £12,500 can be claimed by citizens of EEA countries ( about 30 countries in Europe.). Its difficulty to say if the personal allowance will be stopped in the future for EEA citizens.

If the personal allowance is stopped, the cost of extra...