CALLING ALL LANDLORDS
Are you getting increasingly frustrated with the difficulties of managing your properties and problems that come with them?
Evictions, properties being abused by tenants, void periods, rent arrears and third party management fees are examples of problems you may face or have faced already.
If I could give you a guaranteed rent paid on time every month by a professional - would you be interested?
Suppose I took away the cost that comes with managing and finding tenants - would you be interested?
How about if I could improve your property value by maintaining it to show home conditions - would you be interested?
Weekly inspections - Sound good?
What about if I showed you how to pay less tax legally on your properties - interested yet?
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WORK A SMARTER WAY
BENEFITS OF TRANSFERING TO SERVICED ACCOMMODATION (SA)
Problems​
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Void periods
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Evictions
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Rent arrears
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Abused properties
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Costly maintenance
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Management fees
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Arranging inspections
SA Solutions
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Long term income
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Guaranteed rent paid on time
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Show home maintenance standards
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Respected property
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No ongoing fees
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Small repairs carried out there and then
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Weekly inspections
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Great tax benefits ( Capital allowance)
What Is Capital Allowance
Capital allowance explained
Capital allowance is a tax relief that businesses can claim against the purchase price of your property. It's a way to deduct the cost of qualifying assets from the profits before tax, reducing the overall tax liability. This may sound a bit daunting to some. Let me give a brief example:
When you purchased your property it is made up of the roof tiles and bricks, plaster and general construction. That will amount to a proportion of the purchase price but there is also the plumbing, electrics, kitchen, bathrooms and carpets among others. These will also have a value and that is the basis of what makes up your capital allowance claim. The figure is typically 20 - 30 % of the purchase price.
BASIC EXAMPLE:
Purchase Price - £125,000
75% - Bricks, mortar, roof, structure, Internal doors etc = £93,750
25% - Doors, kitchen, bathroom, plumbing, electrics etc = £31,250
This capital allowance amount can be used to offset against profits on your tax return.
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Now that sounds very straightforward, but I have simplified heavily. We would recommend using a Capital allowance surveyor to do this and can help with this should it be needed.
Once the figure is generated it can be offset against your tax liability with unused allowance often able to be carried forward to future years.
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Each person's tax situation is different, so it is always recommended to consult your accountant.
TIME TO TAKE ACTION!
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Marketing / Occupancy
It will be necessary for us to market the property on various platforms to ensure that any gaps in occupancy are booked up. On the whole we expect to occupy with block bookings with corporate clients. The property is inspected weekly and any damage incurred during a stay, which is unlikely, is fully repaired.