The coronavirus pandemic has led to an unprecedented demand for holiday lets. As Europe and the rest of the world continue to battle against rising cases, many would-be holiday goers are looking closer to home for their annual get away. At the top of the list for UK staycations sit coastal towns and villages.
Anyone wishing to run a business in the UK has a wide choice of ways to organise it. Each possible structure has its own advantages and disadvantages. This post gives an overview of the three basic types of business structure that are commonly used.
On Wednesday the 28th of April, the House of Lords finally passed the unamended version of the Fire Safety Bill. The Lords voted down amendments aiming to prevent building owners from passing repair costs onto leaseholders and tenants. Once the Bill receives Royal Assent, it will be passed into Law in England and Wales.
It is theorised that the property market follows a predictable cycle of behaviour over time – termed the property cycle. Historical studies suggest that global and regional property markets conform to a pattern of differing stages. These stages consist of ‘the Boom’, ‘the Slump’ and ‘the Recovery’. It is believed that the property market moves through each stage consecutively […]
The UK’s tax system is currently based on “Self-Assessment”. People who have untaxed income (such as rents from property or income from self-employment), or who have high incomes generally, are sent an annual Self-Assessment Return for each tax year, shortly after the end of that year on 5 April.
It’s a bit of a coincidence that Stress Awareness month coincides with the end of the tax year, or is it? The 5th of April marks the last day of the tax year and landlords everywhere will be breathing a sigh of relief that they can put it behind them and start fresh.
The end of the tax year can be a bit of a stressful time, especially if you’re new to the property industry. And once you’ve got through your first, each new tax year seems to come around faster than the one before. That’s why we decided to create Finance Fortnight. The idea was to equip you with some handy materials that […]
This is a special type of furnished letting, and it enjoys a number of tax advantages over the ordinary letting of furnished or unfurnished residential accommodation. We will look in detail at the advantages and the rules, but in summary, the advantages are:
The business of investing in property to let in the UK has always been divided in several ways. The question is – Has the Pandemic caused further divisions or has it brought property investors closer together?
Shelley is one of our customers here at Landlord Vision and she’s kindly shared her experience of using property management software. Read on to find out how Shelley manages her properties and which software features have helped her to become more detail oriented.
No one likes property taxes but there are legitimate ways to reduce taxes and sometimes even avoid them altogether. At Landlord Vision we build property tax into everything we do because the software has to be able to help landlords manage their finances and fill in their tax returns. But we’re also experts as well…
Landlord Vision is designed for residential landlords by landlords, to help make managing your property portfolio as easy and stress-free as it can be.
You might have thought adding the ability to use negative numbers within Landlord Vision wouldn’t make too much of a difference, but you’ll be surprised…
Deposits From Tenants It is common practice for a landlord to take a deposit from a tenant when letting a property to cover the cost of any damage caused to the property by the tenant. A deposit of this nature may be referred to as a security deposit, a damage deposit or a rental deposit. […]
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