The IHT threshold would be £650k.
The other £350k applies for the disposal of the main residence only.
Just been dealing with exactly all this.
Announcement
Collapse
No announcement yet.
User Profile
Collapse
-
The daft thing is that because people will owe them the money, it won't even affect the energy company profits.
Leave a comment:
-
Looking after a significant amount of someone else's money is not a trivial undertaking.
I spent most of my career designing and building business solutions to replace manual processes.
So I have a reasonable idea of what's possible.
There's nothing in it but downside...
Leave a comment:
-
-
That's quote simple.
Tell the agent to stop making an annual charge for doing nothing - which they're not allowed to do.
If they get shirty, google and cite the Foxton's case.
You don't have an agent at the moment, and I don't see why you need one.
Online...
Leave a comment:
-
It's not a loophole, it's an obligation on the landlord relating to them having control of someone else's money.
The documents are already generated online using the DPS system.
The only thing that the DPS could do is either email them (which isn't acceptable to me, or the government,...
Leave a comment:
-
Not completely sure who DD is, so have assumed they're the child of you and your other half.
And I have also assumed you and your other half are married.
1 - The gift to a child (or anyone who's not your wife) would be a sale and purchase and would be a CGT event. If you die within...
Leave a comment:
-
s3 Landlord and Tenant Act 1985 covers it.
The old landlord is liable until they've satisfied the notice requirements (and if the new landlord is also liable, they're jointly liable).
As the claim is compensation for a loss incurred under the previous ownership, the liability is there....
Leave a comment:
-
The DPS doesn't charge me anything for the service it provides.
The onus is on the landlord to do what they have to, because they're penalised if they don't....
Leave a comment:
-
-
I have a lot of sympathy with people who want to do "something" but stopping paying for energy is a complete own goal.
It won't affect their profits that much, because they'll simply fudge the accounting and it will affect people's credit history.
And it's very easy for...
- 1 like
Leave a comment:
-
That's a perfectly reasonable position.
But it doesn't automatically create a debt that you can sue someone for payment.
However, it does mean that it's the original landlord you need to pursue, because they'd be the cause of the loss.
From what you've posted, the landlord...
Leave a comment:
-
How does anyone owe money to this tenant?
The OPs posts mention claims and recommendations from Environmental Health.
What has created a sueable debt?
And how does that survive the sale (which presumably didn't find any of the issues reported in any of the survey work that would...
Leave a comment:
-
Who is ready for the increase?
The £400 the government has promised will hide the increase for most people for a month or so, but after that, it's going to put people into debt.
And people who have to pay upfront are going to have a nightmare.
Leave a comment:
-
No, only if the deposit was paid before a certain date.
Not if you did it correctly when the tenancy began, but yes if you didn't....
Leave a comment:
-
If there's no tenancy agreement a section 21 notice can still be used, but the accelerated possession process is not available (so a hearing may be necessary).
There are no specific requirements for documents (etc.) relating to a section 8 notice (other than the notice).
The lack...
Leave a comment:
-
That is not correct. You do get relief, it's just calculated differently than other expenses and capped.
The tax treatment of this income is based on beneficial income, not actual income and, by default, is split between joint owners.
That isn't affected by where the money actually...
Leave a comment:
-
If the properties are in joint names and you are declaring all of the income, there's a reasonable chance that your tax returns have been defective since you began doing that.
If you're married, there are options available to change the tax treatment of income, but, by default it is split...
Leave a comment:
No activity results to display
Show More
Leave a comment: