Buy to Let Northern Ireland....

rexel

i pay the rates they are my responsibilty not tennant

ballyblack

re electricity

Get NIE to install a 'Pay as You Go' meter with top card, its free and no hassle for you

D.A.

Not entirely sure if this applies to you, but remember your income from rent is taxable. I could be wrong, but I think this only really becomes an issue if you have to do self-assessment, or live overseas.

I assume your buildings insurance is actually landlords insurance?

shaz77_2

D.A. wrote: »

Not entirely sure if this applies to you, but remember your income from rent is taxable. I could be wrong, but I think this only really becomes an issue if you have to do self-assessment, or live overseas.

I assume your buildings insurance is actually landlords insurance?

All income I get will be used to pay off the mortgage, I will also have to add to this amount to make up the monthly payments, is this all liable for tax?

debtmess

Any gas applance needs to have a saftey check every year (shame my lanllady doesnt adhere to it)
that i do know x

Bigcammy

The 2 gas cylinders may be for a gas hob or a gas fire, or both. Usually there are 2 for a cooker with an automatic changeover connection.

shaz77_2

The cooker is electric, I will get the gas cylinders checked this evening.

Easymoney

The additional amount for you to earn from rent is £4200ish tax free, doesn't matter if you are paying this into the mortgage or not.

Have you an energy Performane certificate (EPC) it's against the law not to have one, cost around £80


Leave the lecky as is for the tenants to pay every quarter

dmxdave

shaz77 wrote: »

Can any qualified electrician give an electircal inspection certificate?

Advice from NIHE for Landlords

You can make sure that the safety and well being of your tenants is not compromised through a defective or inadequate electrical wiring installation by having regular inspections carried out by a competent electrician.
It is strongly recommended that the electrician you employ is an NICEIC approved contractor. The address is included in the Service Directory. Your electrician's report will give a recommended re-inspection period. For existing installations, the type of report you should be asking your electrician to produce is known as 'Periodic Inspection Report for an Electrical Installation'. Any defects or deficiencies identified in the report which could be potentially dangerous must be attended to without delay.

More info here

An NICEIC approved spark may be more expensive due to the cost of being and keeping approval

shaz77_2

Easymoney wrote: »

The additional amount for you to earn from rent is £4200ish tax free, doesn't matter if you are paying this into the mortgage or not.

Sorry I don't understand the above point.

I also have the energy performance certificate.