For tax purposes is there a limit to the number of years we can carry over losses?

[Steve Macey]

Hmm. I'm actually considering letting a room out on airbnb in the house I live in too. How many years of utility bills can I count as losses against this then? I assume none, becasue otherwise it is hard to define a line and seems somewhat sneaky..

[Steve Macey]

Thanks. ok, im not going to actually register as a business though, at least not yet, shouldnt change anything though.

[Steve Macey]

1.Pretty sure I read there is no limit! and to give kids the reigns if older brcause you cant transfer losses. perhaps was a different tax i read for though
2. Can utility bills during empty periods be claimed as expenses?
3. Think I read that I can either choose the 1k allowance or claim...

[Steve Macey]

And what is considered a good ROI for long term investments with a financialo advisor.
Thanks.

[Steve Macey]

Ill just use an agent to give me a good price estimate before going NC lol.

[Steve Macey]

Don't you mean they are more likely to value a bad tenant?
Yeah I know all that, I would use the agency to find tenants, I would view and decide myself though..

[Steve Macey]

jpkeates,

Hey good on ya, glad you had a good few decades with it. Did you use an investor or did you manage to educate yourself well in it. (Surely it's not long-term above 5% though)

I will find out over next 2-3 years how much I can make where I'm at, will be interesting....

[Steve Macey]

Wtf dude, every time inflation went up house prices did.
https://ichef.bbci.co.uk/news/976/cp...seprice-nc.png
https://www.economicshelp.org/wp-con...0x702.png.webp

Oh? the only other thing...

[Steve Macey]

Ok, so for some intensely mgically idotic reason I have only recently started learning about how money works now for the first time in my life recently. So forgive me if I seem somewhat ignorant, I'm trying to fill this in now.

So I heard that a good investment over the long-term in shares...

[Steve Macey]

I'm still trying to decide if I will trust an agent to do it or myself.
So, it sounds too risky to try and remove the agent from the equation ffs. There will likely be a clause that allows me to "buy" the tenant right? And I can ask the agent about that before choosing them I suppose....

[Steve Macey]

Thanks guys. I've read like 50 articles from that grumpy git's blog, I'm pretty much close to obtaining all the information I need. I have like 10 questions I will slowly drop over the coming weeks, I don't want to clog the forum up lol....

[Steve Macey]

and what are the biggest screwups an agent can cause if we assume they do everything correctly (without checking)?

Ok for my first forray into landlordland I will use highstreet agents, I know I know, I will at least check to see if there is a tenancy renewal fee at the very least. I will...

[Steve Macey]

Haha, but the landlord will appreciate you if you actually take the time to inspect problems properly no?...

[Steve Macey]

Then I will have to rush phoning all the energy grant places and pretend to live there before it's let out

Have any of you thought of working part time as as agents? You can advertise yourselves thusly: I'm a home-owner myself, so I won't get jealous and take the piss with exorbitant...

[Steve Macey]

jpucng62,

I've been told that there are lots of energy grants floating around for EPC increases. Are you saying we will all have to upgrade to rank C before letting out soon? Damn. I wasnt eligible for the one company I tried due to habing non-cavity walls, they would have only done extra...

[Steve Macey]

Thanks. What are the common reasons for getting out?

[Steve Macey]

jpkeates,

I have 2 months+ to do more research. WIll make sure I spend a couple hours a day doing so.

[Steve Macey]

Well it's different for me, I already have 2 properties, it would be foolish to not at least try.

What else can beat the rate of inflation, that doesn't require luck or a very advanced specirfic skill-set?

[Steve Macey]

Look maties if it isn't worth being a landlord, howabout you all stop.

[Steve Macey]

Good resources for learning the basic laws etc and whatever else I need to in the UK would be more appreciated. Obviously this was the next step.