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Bookkeeping Blog

HMO Legislation Rethink.

Wednesday, July 7th, 2010

The British Property Federation (BPF) has won a significant concession on HMO law. Following intense lobbying, Housing Minister Grant Shapps announced that he will undo Labour’s rushed HMO legislation.

It is estimated that as many as 8,500 planning applications could be submitted each year if every landlord looking to let to unrelated tenants was first required to seek permission – instead, councils will be able to focus on neighbourhoods where HMOs present a problem, while landlords of HMOs in other areas will not be tied up in red tape. (more…)

Silly season news!

Wednesday, July 7th, 2010


You can tell it’s the silly season, all sorts of weird and wonderful news that you didn’t know you needed… but it may help someone, somewhere!

Zoopla says that their research shows that the street name is the secret to house prices. It’s common sense to a point; would you want to live in Crumbly Terrace or Belgrave Square? Buttercup Lane or Nettle Street? But there is more. (more…)

Landlords - know your tax liability

Saturday, July 3rd, 2010

Letting a property can be a legislative and economic minefield. As a landlord you should always ensure that you are up to date with current legal requirements, health and safety duties, and of course, your tax liability.

As a landlord of a rental property, it is essential that you know how much tax you have to pay and also which areas can be written off as non-taxable expenses. Any rental income you receive from letting out your property must be declared, as income tax is payable. (more…)

Is it Safe to Invest in UK Property?

Thursday, July 1st, 2010

Its the million pound question that everyone wants to know the answer to, is it safe to invest my hard earned cash into property, or should I look for something more stable?

Over the last decade or so, the British housing market has turned into something of a farce. House prices are severely inflated and whether you’re a first time buyer or long time investor you will be required to cough up the extra money to own a house in the UK. (more…)