Tenants told to ignore BTL evictions

anchovypizza

Tenants have been advised to sit tight until they are evicted leaving landlords with hundreds of pounds of legal costs


http://www.telegraph.co.uk/news/uknews/12092051/Councils-responding-to-Britains-housing-crisis-by-telling-tenants-to-stay-put-in-buy-to-let-properties-when-landlords-ask-them-to-leave.html

I am also posting on as many sites as possible as are others to keep an eye on landlords over the next few years. Make sure their rented property does not become and OO all of a sudden and then sold without paying capital gains. Keep an eye open with their Tax affairs, stamp duty, HMO standards enforced....

Anything that makes their life hell

:):):)

chucknorris

If this is about (I can't read the post) councils advising tenants to wait until eviction, it isn't exactly news, they have been doing it for years. If a tenant moves out, the council won't re-house them because they are judged to have made themselves homeless, whereas if they are actually evicted the council will help them with emergency accommodation.

It can be a lengthy process going via the county court, but there is an alternative, and that is via the high court:

http://thesheriffsoffice.com/services/repossession/repossession_of_residential_property

unforeseen

But that's nothing new. Councils have always refused to take any action until an eviction notice has been issued and the bailiffs physically turn up at your door to turf you out.

danothy

anchovypizza wrote: »

Make sure their rented property does not become and OO all of a sudden and then sold without paying capital gains. Keep an eye open with their Tax affairs, stamp duty, HMO standards enforced....

Anything that makes their life hell

If you're just looking to inform on your neighbours to upset them then making up some terror related accusations would be far more effective and far less effort.

ukcarper

I see this said quite often on house buying forum, but what does it do to your credit rating and ability to rent another property.

CLAPTON

anchovypizza wrote: »

Tenants have been advised to sit tight until they are evicted leaving landlords with hundreds of pounds of legal costs


http://www.telegraph.co.uk/news/uknews/12092051/Councils-responding-to-Britains-housing-crisis-by-telling-tenants-to-stay-put-in-buy-to-let-properties-when-landlords-ask-them-to-leave.html

I am also posting on as many sites as possible as are others to keep an eye on landlords over the next few years. Make sure their rented property does not become and OO all of a sudden and then sold without paying capital gains. Keep an eye open with their Tax affairs, stamp duty, HMO standards enforced....

Anything that makes their life hell

:):):)

although a non story

but how exactly do you 'keep an eye' on landlords to make sure they don't become OO and avoid capital gains tax?

do you know anything about capital gains tax?

chucknorris

ukcarper wrote: »

I see this said quite often on house buying forum, but what does it do to your credit rating and ability to rent another property.

It creates a very bad situation for the tenant, as you can imagine, the type of tenant that would approach the council for housing aren't going to be that well off. What happens is that they receive notice from their landlord, they then inform the council, hoping to be offered alternative accommodation, but the council will not act until they have actually been evicted. Even worse than than that, the council sometimes inform them not to worry because the eviction process is lengthy, and they will get plenty notice. Meanwhile the frustrated landlord, who is likely to be not receiving the rent, can go straight to the high court, who send their officers without any notice given (I think it is within a week) to evict the tenant and only giving them about an hour to move out. The process is that they usually give them about an hour to collect essentials, change the locks, give them a notification to take to the council, and they can later re-arrange access to pick up the rest of their belongings. It must be an extremely stressful situation for the tenant to be in.

chucknorris

CLAPTON wrote: »

although a non story

but how exactly do you 'keep an eye' on landlords to make sure they don't become OO and avoid capital gains tax?

do you know anything about capital gains tax?

I think you know this already Clapton (I seem to remember you advising someone in the following situation on CGT). If they have rented the property and also lived in it (as their main residence), then their CGT can be substantially reduced by in addition to their CGT personal allowance, by also claiming private residence relief (PRR) pro-rata to the time they lived there, and also another £40k letting relief (if it is more than the PRR, otherwise it is capped up to the PRR). So if it was a couple that jointly owed the property, that is a hell of a lot of CGT relief, as they could each claim that.

wotsthat

anchovypizza wrote: »

I am also posting on as many sites as possible as are others to keep an eye on landlords over the next few years.

I thought there were just half a dozen keyboard warriors here on an internet backwater. Hardly seems to be worth the effort. Have you tried Mumsnet?

Might be worth posting on that other site you only discovered the other day. It's called housepricecrash.co.uk - lots of renters there in need of your help.

antrobus

CLAPTON wrote: »

although a non story ...

The byline reads 'a Telegraph reporter', i.e. nobody on the Telegraph staff wants to take responsibility for it.

CLAPTON wrote: »

...but how exactly do you 'keep an eye' on landlords to make sure they don't become OO and avoid capital gains tax?

do you know anything about capital gains tax?

I'm not convinced that poster concerned knows anything about any tax.:)

CLAPTON

chucknorris wrote: »

I think you know this already Clapton (I seem to remember you advising someone in the following situation on CGT). If they have rented the property and also lived in it (as their main residence), then their CGT can be substantially reduced by in addition to their CGT personal allowance, by also claiming private residence relief (PRR) pro-rata to the time they lived there, and also another £40k letting relief (if it is more than the PRR, otherwise it is capped up to the PRR). So if it was a couple that jointly owed the property, that is a hell of a lot of CGT relief, as they could each claim that.

yes indeed, that is simply the law : there is nothing to 'look out for', it is simply how the tax works