Kent Solicitors

As is well known, residential tenants with long leases can band together to buy the freehold. This will give them control over the "common parts". A recent case has decided that the caretaker's flat in the basement of a Knightsbridge block of flats formed part of the common parts. The landlord therefore had to transfer this to the tenants.

For help and advice contact Kaslers Solicitors LLP on 0845 270 2511

Labels: Leasehold Enfranchisement Commonhold

If you take a loan over £5000 from your own company, either pay interest on it at or above 4% per annum or you will be taxed as if you have received interest at that level. If any loan is outstanding more than nine months after the company's accounting year end, the company will have to pay 25% of that outstanding amount by way of tax. This can be reclaimed when the loan is paid off

Labels: company loans, legal advice

Directors should determine that there are enough profits available to pay the dividend, decide on the amount required to be withheld for working capital and then pay out the same dividend per share for all shares in any particular class; record their decisions in formal minutes; have prepared a dividend vouchers each shareholder showing the amount of dividend payable, the tax credit attached and the payment date

Labels: directors dividends, legal advice Kings Hill

New/recent Landlords should check that electrical installations and gas appliances are checked annually, that they have provided to their tenant an energy performance certificate free of charge; that deposits are in one of the three approved tenant deposit protection schemes; that credit reference checks are satisfactory; that furniture and furnishings meet current fire safety standards; that the premises are supplied with extinguishers, fire alarms and fire experts; that insurance policies are fit for purpose; that insurers and mortgagees have been informed of the letting (with consent obtained beforehand, if necessary) and that the assured short hold tenancy has been properly signed by the tenant and any guarantor

Labels: checklist residential property letting

We wanted to do something a little different and "greener" this year to wish everyone a Happy Christmas and a Prosperous New Year.
Click here to see our Christmas video provided by Mark Edmunds at Shooting Business