Recent content by claret_n_Blue

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    Amending easements to residential property with Land Registry

    Hey everyone, I have drawn a small image here to help explain the situation (and I'll refer to it in my post): https://imgur.com/a/pOvvDLV We own a piece of land (1, 2 and 3) in the image. Essentially, we have a drive that leads up to the property (3), and then our house (1 & 2)...
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    What would be the most efficient way to own a share of my parents property?

    Even if everything was transferred at a market rate? I.e share of property sold (if that's the best route) at 600k * 25% to me?
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    What would be the most efficient way to own a share of my parents property?

    Yes, he is
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    What would be the most efficient way to own a share of my parents property?

    Hi everyone, My parents currently own a house in London. We estimate the value to be around £600k. There is a current outstanding mortgage of around £100k. Due to COVID, my dad's business hasn't been doing well and he is worried that creditors will come after the house (as it is liable). To...
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    Understanding my redundancy pay

    Hey everyone, Hope this is the right forum to post in, if not, please let me know. I was handed a notice of redundancy today. Part of the notice was a contract that says what I will get in my redundancy package. I think as I received my notice today, today is my notice date. My contract says...
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    Putting self employed earning directly towards a pension

    Yeah. I have been doing all the RTI and PAYE etc stuff. I don't earn enough to be VAT registered but I filed all my company tax and everything last year so it is all perfectly fine in that sense. It's only about £8k a year (profit) I make from my online shop, and I was taking the whole amount...
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    Putting self employed earning directly towards a pension

    Hi all, I work full time and my employer sorts all my stuff out regarding NI contributions, income tax, pensions etc. In my spare time, I have set up an online shop which gives me a nice little earning on the side. My online business is under a private ltd company account, where I am taking a...
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    How can you verify if a sole trader is legit?

    Hi all, I'm setting up a website and I want businesses to sign up but I am not sure on how I would go about verifying them to make sure they are real? Like how do I stop someone from signing up as say Facebook or McDonald's or whatever? I don't want to use the Companies House company number as...
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    How do you value a business?

    Hi all, I am selling my freehold shop. Downstairs is a convenience store and upstairs is a small flat. I have a buyer interested, a guy who knows my shop well. We have been talking for a while and he has seen a few months worth of till reports. His suggestion to buy my shop is as such: We...
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    How to increase building value

    Hi all, I'm trying to sell my shop and I have had an offer. I initially wanted to sell it at a fixed price, however the person who wants to buy has proposed we do it this way: He will pay a fixed fee for the shop, and then whatever an independent surveyor says the building bricks and mortar...
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    Do I need to send my tenant any further notices before serving a section 8 notice?

    We didn't take a deposit so not to get caught in any deposit loopholes when they had the tenancy. We've been in talks with them recently but still no payment. It looks like that they are planning on leaving and so I want to just file something for rent arrears. Tbh I had sort of written off...
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    Calculating yearly wage budget to run entirely on staff

    Ok I think there has been a lot of misunderstanding. The manager is not on minimum wage. She earns more than the other staff. The amount she earns for her current hours total up to around £13,600. It is the rest of the staff that are on minimum wage. Of which there are around 6 different...
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    Calculating yearly wage budget to run entirely on staff

    Hi all, I have a shop, which I have just worked out is open 80 hours a week. At minimum wage of £7.50 an hour, an 80 hours a week and over the course of 52 weeks a year, this works out to £31,200 a year. I want to set the shop up in such a way that it can be run totally on staff. My main...
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    Do I need to send my tenant any further notices before serving a section 8 notice?

    Hi all, long story short: I have a tenant who owes me 5 months rent. I sent them a demand letter two weeks ago which they took my dad, who works nearby, and said it was all rubbish. Reason being they think my dad owes them money and if it's true then the rent money would be subtracted from that...
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    Setting up payroll myself

    Hi all, Am tempted to set up payroll myself as there is only me and one other person who will be on it. I've done a bit of research and used the HMRC guide so I roughly know what it is that I need to do. I was looking at free payroll software programmes but I'm a bit wary of signing up as I...
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