Recent content by Dubya

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    Shared access to property

    Apologies if this is the wrong forum, please advise if so. 30 years ago my parents bought a house at the bottom of a 200 yard bumpy track. The farmer at the top kept ownership of the track and my parents enjoy unfettered right of way and the title stipulates that both properties (his and my...
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    Liability insurance for holiday let

    Thanks very much Frank. I will be completely honest with my insurer and hope they will provide cover. If I provide them with the gas, electric and wood burner installation certificates I hope they will be happy.
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    Liability insurance for holiday let

    That is a good question. I will follow best practice in the build - e.g. the electrics and gas will be installed by qualified trades and signed off by them. Likewise the log burner will be installed by a HETAS company. I will also make sure that my insurer is aware that planning and formal...
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    Liability insurance for holiday let

    Hypothetically..if I built a shepherds hut or similar and rented it out for holiday letting would my liability insurance be invalid if I didn't have planning permission? I always intended to go for retrospective planning (which I have been told by a retired planner that I will almost certainly...
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    Bank threatening to close our account..

    that's exactly what it is. As we are Limited by Guarantee we need to state who the guarantors are.
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    Bank threatening to close our account..

    Thank you for taking time to read my case and respond. That makes sense, I'll log in to CH again and see what I can do. I assume PSC is Persons of Significant Control
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    Bank threatening to close our account..

    I don't know. It was 2008 and we used a company formation solution to set it up. My problem is I can't see how to amend our records at CH and that is where Barclays staff are looking.
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    Bank threatening to close our account..

    Thanks very much for answering Lisa. I was told over the telephone so don't have it in writing I'm afraid. I emailed CH today and had the following repsonse this afternoon 'You are only required to notify Companies House about your Guarantors at incorporation. Any changes which take place after...
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    Bank threatening to close our account..

    I am a company director of a Limited Company. We only exist as a company to own the freehold of our block of flats and to collect maintenance money. We do not trade or make profit. I have been contacted by our bank asking me to update Companies House records to show who is the ‘Guarantor’ for...
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    Leaks in flats...who pays?

    Thanks for the detailed reply Frank. Yes the Landlord is also a share of freeholder. We will never establish liability so it sounds like we have to just suck it up. If the leak damaged items in teh flat below - say, kitchen units, karndean flooring etc, is this also covered by a claim against...
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    Leaks in flats...who pays?

    I own a flat with share of freehold in a small block of 5 flats. Two of the flats have recently had leaks (washing machine and the other I don't know the cause as he didn't explain what happened). One of the flats is owner occupied and the other has a tenant in it. The owner (also a share of...
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    Is Rent paid in a rent-to-rent agreement tax deductible?

    I'm speaking to someone tomorrow to advise me, thanks to you and Paul ??
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    Is Rent paid in a rent-to-rent agreement tax deductible?

    Thanks. Are you an accountant I'm soeaking to an advisor tomorrow.
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    Is Rent paid in a rent-to-rent agreement tax deductible?

    Yes, I did wonder myself how to phrase it. What I mean is, can I allocate the rent I pay to my expenses so that it reduces my profit prior to tax being computed. E.g. with my old Ltd Company I would be taxed on turnover less various expenses and costs, i.e taxed on profit. As I am now a sole...
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    Is Rent paid in a rent-to-rent agreement tax deductible?

    Thank you Andreas. I would market the property as a holiday let (airbnb, holiday cottages etc). I would pay the property owner a fixed monthly rent under a Management Agreement that allows me to use it as a holiday let. There will be no relationship between the owner and the guests. I understand...
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