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Fraud Warning Over London Short Let Flats

Fraud Warning Over London Short Let Flats

Landlord Discovers Bogus Company

London Short Let Flats
Trading From His Home Address

A warning has gone out to tenant and landlord consumers to beware of a fraudulent company trading as London Short Let Flats which is displaying a number of industry logos, including TPO and the National Approved Letting Scheme (NALS).

The National Approved Letting Scheme (NALS) has posted a warning to consumers on its own website telling them to exercise extreme caution when dealing with the following websites:

NALS Chief Executive, Isobel Thomson told Property Industry Eye: “We reported the original site to Action Fraud and also to Trading Standards and have advised anyone contacting us about the site to also report their concerns to Action Fraud. We also wrote to the registered office address of Londonshortflats and sent it recorded delivery but the letter was refused.”

A spokesperson for the Tenancy Deposit Service also confirmed that the fraudulent website is using the TDS logo without consent or even being registered.

The fraudulent company only came to light after landlord, Martin McGrath, posted on the popular landlord forum, Property Tribes, to say that he had received a letter from TDS at his home address, informing him that London Short Let Flats was using the logo when not entitled.

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SMTC Presents Dick Whittington 28th - 31st January 2015

SMTC Presents Dick Whittington 28th – 31st January 2015

SMTC Presents Dick Whittington
A Pantomime For All The Family

28th – 31st January 2015

Families and theatre goers in Salford may be a little surprised by the latest pantomime offering from award winning Salford Musical Theatre Company as the annual community pantomime transports audiences back to 14th Century London town to recount the tale of 3 times Lord Mayor Dick Whittington and his magic cat.

SMTC have given the pantomime their usual twist on events with comic characters filling the stage including Rover – Dick’s magic cat, who has obviously been watching too many TV adverts and wants to be more dog!

Man mad Sarah the Cook wants to find a nice rich boyfriend, Idle Jack is lazily obsessed with roses and Alice Fitzwarren, who doesn’t even notice. Her father, Alderman Fitzwarren is fed up of his shop being plagued by rats, and so is Sheik Dabooty of Abu Dhabi, who could be a dead ringer for TV’s Celebrity Juice host Keith Lemon and there are plenty more surprises in store for the cast and audiences as the evil King Rat tries everything to stop Dick being made Lord Mayor of London, including framing Dick for a crime he did not commit and sending his hordes of ratlings to eat everyone’s sweets and generally cause havoc!

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Just like HM Queen Elizabeth II, 2012 marks the Diamond Jubilee of Salford Musical Theatre!

Having been formed in May 1952, we have performed and showcased many shows over the years from the early days of Gilbert and Sullivan to the modern era productions of Carousel, Oliver and Les Miserables.

To celebrate our 60th Anniversary our main show this year is called

“ 60 Glorious Years ”

A review of our history, the history of Salford and we are reprising songs from some of the shows we have performed over the past sixty years

Salford Musical Theatre Company celebrate 60 Glorious Years!

Salford Musical Theatre Company celebrate 60 Glorious Years!

Songs will be performed from, amongst others:

Les Miserables, Hot Mikado, Spamalot, Oliver, Carousel, South Pacific, Chicago, Oklahoma…..

Performances will take place 15th to 19th May at Patricroft United Reform Church, Shakespeare Crescent, Eccles Manchester M30 0PX.

Ticket information can also be obtained by calling our Ticket Secretary –  Jean Forrester on 01204 578216

or obtain tickets online http://smtc60.eventbrite.co.uk (fees apply) or via any SMTC member.

Please visit our website for more information http://www.salfordmusicaltheatre.co.uk

A quick note about ticket prices and fees – When tickets are sold online, there are extra costs involved (postage, paypal fees and Eventbrite fees) and we ask that the person booking the tickets pays these fees rather than the Society.

If you do not agree to paying these fees, please purchase your ticket in the traditional way by either telephoning the ticket secretary on 01204578216 or ordering from a cast member. Thank you for understanding.

Her Majesties Revenue & Customs is set to mount a court challenge to determine the legality, or otherwise, of stamp duty tax avoidance schemes.

Central to the challenge will be the use of limited companies to buy properties, and then sell them to individuals – something which does appear to be completely legal.

Essentially, the purchaser sets up a Special Purpose Vehicle, a company or a trust with a property as its sole asset. The purchaser then buys shares in the company and is subjected to a tax rate of just 0.5%.

There are many companies offering stamp duty tax avoidance: a Google search yielded over 3,200 results.

The taxman’s move follows this year’s Budget when Chancellor George Osborne announced that he would be clamping down on stamp duty avoidance, whilst law firms have also warned that HMRC is on the prowl.

HMRC estimates the tax avoidance schemes have cost it millions in lost revenue. It is investigating 1,200 people it suspects of having underpaid stamp duty by a collective total of £35m, whilst it will also go after others who have avoided the tax altogether.

The many schemes that claim to legally exploit stamp duty loopholes frequently charge fees of around half the amount that would have been paid in tax.

It is thought that a number of property investors have set up a limited liability company to buy the property to sell back to the individual.

An HMRC spokesperson said: “The schemes rely on an interpretation of law that produces an outcome different from that envisaged when the law was enacted, and that HMRC does not accept.”

Many Law firms have also warned against avoidance schemes of Stamp Duty Land Tax (SDLT).

Ian Montgomery, a solicitor at Boodle Hatfield, said: “There is a growing belief that it is possible to avoid paying stamp duty on the purchase of a property or land, but unless particularly aggressive tax planning is undertaken that is just not the case. It is a common misconception that it is possible to purchase a property using a company and avoid stamp duty. When a property is purchased through a company, whether based offshore or in the UK, it pays the same rate as if it were an individual. SDLT may be avoided by future purchasers when the company decides to sell the property. This is done by the owner selling shares in the company rather than the property itself, but SDLT will be paid on the initial purchase.”

Stamp duty on the purchase of shares stands at 0.5%, rather than the higher rate levied on property. If the company is based offshore, the purchase of shares is exempt from stamp duty entirely.

People who try to reduce stamp duty by paying separately for fixtures and fittings may have to prove to the taxman that what they paid for these assets did not exceed their true value

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