Likelihood of paying capital gains tax?

[jtufty]

Ah ok, so if CGT is only applicable from 2018 onwards, plus the 9 months, plus my CGT allowance of £12,300, its unlikely Ill have any CGT to pay. (As it currently stands,but may change next year)
Thanks...

[jtufty]

Hi all,

I lived in my old property for 10 years. I then bought another house and let my old property in 2018.

Im thinking about perhaps selling it next year. I bought the property in 2011 for £150k. Its now worth about £220k.

I think Im right in saying that I...

[jtufty]

I think that 130% cost is only if your a company? (Rather than a private landlord)

[jtufty]

Thanks guys. They were only about £30, so nothing really in the grand scheme of things. What Ive done/doing is building a little 'toolbox' solely for the rental property. This means if/when I get called around, I can just grab it and be fairly sure I have the tools needed for the job. Before, I would...

[jtufty]

Hi
Ive been doing a few very minor DIY jobs on the property I let. I bought a saw, electric screwdriver and bucket. Can I claim these on expenses?
Thanks...

[jtufty]

Hhmmm, Ive just been having a second look and found this: https://ukenergysupport.co.uk/storag...acement-grant/

Is this basically the same as https://warmfront.uk/ but offered by a different company/organisation?

[jtufty]

Ah! Perfect - thanks nukecad...

[jtufty]

Hi guys. This is just a follow-up corollary question: Are there any Government heating grants available for DSS tenants? Ive found a few articles about the subject, but theyre all really old or look outdated, for example: https://www.propertyinvestmentprojec...rgy-efficient-...

[jtufty]

Thankyou! I will do that!...

[jtufty]

jpkeates,

Indeed, I dont think they purposefully intend to commit fraud! They are not malicious like that. They just havnt thought of the ramifications. (Much like me before I posted this thread!)

In fact, I can understand their rational: If he gets £500pm in housing benefits;...

[jtufty]

Yes, I thought that the term 'DSS' was outdated, but all the links Ive read online seem to say that - even though the DSS closed years ago, it is still a term used by renters and landlords. Perhaps I should start saying 'DWP tenant' instead.

No, he wont be able to afford the rent on his...

[jtufty]

Ah I see! I want no part in benefit fraud! I really dont think theyve thought about that in 'that way'. I think they just want to live together, and so share the expenses (with the added benefit that her monthly outgoings reduces.).

Given the situation, how can this be managed without benefit...

[jtufty]

Her tenancy started on 19 July 2021.

The How To Rent guide was last updated 21 July 2021!! (Although the update was the addition of an Easy Read version, which presumably I dont need to give to her because she has no disabilities. Perhaps I will just in case.). Thanks!

[jtufty]

Ive just looked at the contract and it reads

".....If the Tenant continues to live in the Property after the expiry of the fixed term
and no further tenancy has been entered into by the parties, then from the expiry
of the fixed term the Tenant shall occupy the Property...

[jtufty]

Hi,

I have a tenant whos a nice lady and been a tenant for 6 months. She's had her partner over at the weekends, so Ive met him a few times and he also seems very nice.

Her AST is expiring next month. I will let it default to a periodic tenancy.

She's asked if...

[jtufty]

Thanks. Im tempted to agree with you. She's out at work at the moment so I havnt been able to speak to her or gain access to see fo rmyself.

Im pleased I posted about this here. The more I think about it the more amazed/angry it makes thinking that she assumes Im going pay for it! If it...

[jtufty]

Hmm. Thanks guys. I will have the 'conversation' with her later. The toilet didnt block because of a defect with the toilet, so the cause can only be her. Thanks

[jtufty]

Hi

When my tenant first moved in she blocked the toilet. I tried plunging it but in the end had to call a plumber. (£90). I suggested to her its not a good idea to use so much toilet paper. Last week - 6 months later - the toilet has blocked again. Its just cost me another £140 to get...

[jtufty]

Thanks, I hadnt thought of that. The deposit is with DPS....

[jtufty]

Thanks guys. Very useful.

I used the governments standard AST contract, so I will read it and remind myself what it says about what happens at the end of the term....