RLA Think Tenant Sub-letting Will Be Catastrophic For Landlords
Following on from last week’s pre-election budget delivered by Chancellor of the Exchequer, George Osborne MP, landlord organisations and their landlord members are expressing grave concerns over the Government’s plans to allow private rented sector tenants to begin sub letting their rental properties.
The
Following on from last week’s pre-election budget delivered by Chancellor of the Exchequer, George Osborne MP, landlord organisations and their landlord members are expressing grave concerns over the Government’s plans to allow private rented sector tenants to begin sub letting their rental properties. The Budget document published after Mr Osborne delivered his speech contains a clause about sub letting on page 51, under the title “support for the sharing economy”. Continue reading »
RLA Think Tenant Sub-letting Will Be Catastrophic For Landlords
Another Clampdown On UK PRS Landlords By HMRC
HMRC has turned its attention to the housing and property rental market with the intention of targeting landlords, again.
The taxman thinks that there are a number of UK private rented sector (PRS) landlords who have yet to declare any income earned from renting properties to tenants, […]
HMRC Targeting PRS Landlords Again
Another Clampdown On UK PRS Landlords By HMRC
HMRC has turned its attention to the housing and property rental market with the intention of targeting landlords, again.
The taxman thinks that there are a number of UK private rented sector (PRS) landlords who have yet to declare any income earned from renting properties to tenants, and they are going all out to find them.
The latest clampdown on private rented sector landlords by HMRC is intended to target those landlords allegedly not paying tax and the taxman is using information provided by all UK local authorities to track rental properties.
Letting agents and landlords have already started receiving letters from HMRC requesting information on long-term and holiday rental property addresses, letting periods, tenant numbers and rental income.
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Landlord Details Must Be Included In Prescribed Information
All UK Landlord details should be correct
before being included in Prescribed Information
The information must be included, even when the rental property is fully managed by a managing agent, to avoid any possible legal problems with tenancy deposits.
Linda Howard, of Shoosmiths solicitors has warned that individual judges could make different interpretations on the wording of requirements after the news that a possession order was overturned because the legally required Prescribed Information gave the letting agent’s details instead of the landlords.
She said: “The Housing (Tenancy Deposits) (Prescribed Information) Order (2007) seems to make it clear, at 2, (g) (iii) that the name, address, telephone number and any email address or fax number of the landlord, not the agent, must be given.”
Ms Howard also pointed out that in another case in the county court, a duty solicitor raised exactly the point of an agent’s rather than the landlord’s details being given and the judge subsequently adjourned those proceedings because of seeming non-compliance with the Prescribed Information Order. However, the case went through on the second hearing because the landlord argued that Rules of Agency applied.
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