Recent content by alang23

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    Paying sub contractors

    We have a property development company. The procedure is quite simple but can be confusing. It is certainly painfully slow as you have to do a summary to submit to HMRC every month. Firstly you HAVE to deduct CIS off ALL subcontractors....doesn't matter if they are individuals or a company...
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    Landlord deposit deductions, advice needed...

    Hi We have a property company and rent a large number of properties. You could be in a much stronger position than you think. ... Deposits nowadays have to be 'protected' and if the Landlord doesn't do that the landlord faces a financial penalty awarded to you (upto 3 times the Deposit paid)...
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    Planning permission - 'Lawful Development Certificate'??

    Hi Yes we own a property company and I've done 3 of these just this year alone. I am somewhat amazed that you bought a property that had been developed/extended without Planning Permission. Didn't your solicitor warn you of this? Indeed if you've got solicitors letters about this at the time...
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    Tenant that always delays rent

    The 'best solution' is to evict the tenant under a Section 21 Notice as Possession is guaranteed as it is 'mandatory'. Judges have no scope to allow the tenancy to continue. A Section 8 Notice being generally 'Discretionary' (on the Judge)gives you no certainty of Possession. Landlords rarely...
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    Tenant that always delays rent

    We have a large property portfolio and this is not an uncommon situation. Your main problem is that you are not resident in the UK, and using either a Section 21 Notice or a Section 8 Notice generally involve a 'Hearing' at the Court. You can overcome this by using a Solicitor to represent you...
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    Property purchase / leasing as a Ltd company

    I suggest you ask a good accountant. With the upcoming change to tax treatment of 'dividend' payments by a Ltd Company to share holders, are there any tax advantages to you in forming a LLP and receiving income/payments from the LLP.??? Only a tax specialist can advise you.
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    Commercial Finance for a Building with ground rent

    Another approach would be to ask the freeholder how much they wanted for the property considering there is a lease on it until 2056 at virtually a peppercorn rate. Regards
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    Can I challenge my property management service charges ?

    Hi Go to the Government web site there is a whole raft of conditions/obilgations regarding the charging and substantiation of Service Charges/Repairs etc. Regards
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    Business Cash Collections

    Hi Dan Your deposits are not large to justify the cost of collection. Presume your bank is somewhere close by in any event. I know of a business that gives a discount for payment (card payment) when ordering in person, so that card payments can be taken straight away. Regards
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    Receipts ?

    Hi Conrad I suppose what it comes down to is that I also don't trust Computers.....I am the one that is likely to press the 'delete' button by accident and I end up losing everything !!! Or there may be a virus that destroys everything.
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    Thinking of starting up a property development company

    Hi We’ve done property development and investment for 30+ years. The idea of having multiple investors with us on a project would be sufficient for us not to do the project at all. The problem is that everyone thinks they are a property developer BUT everyone of your investors will have a...
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    Business Cash Collections

    Hi Dan Would have thought you need a lot of cash to be collected to make it a cost effective solution. ??? Can you not encourage sales via card/internet payment? Thus reducing the amount of cash you need to handle. Regards
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    Receipts ?

    Hi Conrad We've got the space, so we have very large stacking plastic boxes. We put the receipts/invoices/docs in those and just stack them. At the end of 7+ years we get rid of everything we don't need. So we have a constant 7 year amount of back up docs available should the necessity arise...
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    Commercial lease & flat

    Hi We own a large amount of property that we rent out. On the face of it there is ether an error or omission. We go to great lengths to ensure that our properties are correctly described, and any errors picked up by the Solicitors. Suggest you get your solicitor to look at the lease in detail...
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    Is someone here involved in accommodation business?

    Hi Yes. Your post doesn't specify what info you are looking for. If it is general then post it, if not send me a PM Regards
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