Originally written in 2000, the following is a brief guide to tax on lettings, what records you need to keep, and how to make a simple annual return of your net letting income to HMRC. It does not however attempt to cover the wider aspects of personal taxation. If you are unsure about any aspect of your tax liability, you are advised to seek advice from your accountant or other financial advisor.
Collective Enfranchisement was created by the Leasehold Reform, Housing and Urban Development Act 1993. It is the legal right for leaseholders to compel the Freeholder to sell them the freehold. Leasehold Enfranchisement is the right to extend long residential leases.
Legionella are bacteria that can thrive in warm water between 20C and 40C that has remained at that temperature for a period of time. It is spread in fine water spray from showers or taps. It is however, unlikely to occur in a normal residential environment.
Noise from neighbours is a common source of disturbance. The most frequent complaints are about barking dogs, loud music or TV, shouting, banging doors and DIY. Remember that no house or flat is totally soundproof, and gardens and garages can be particularly noisy! Everyone can expect some noise from the people who live around them.
There are a number of excellent sources of leaseholder information.
Leaseholder information links:
This advisory book details the rights and responsibilities which currently apply to long leaseholders in England.