Greater Nottingham Landlords Electronic Newsletter - www.nottslandlordinfo.co.uk Partner logos

Issue 47 - March 2016

Welcome to the March 2016 edition of the Greater Nottingham Landlords' Electronic Newsletter.

Contents

  1. Help with Tax for Landlords
  2. Right to Rent Checks - Are you complying?
  3. Latest news on a landlord's energy efficiency obligations
  4. Nottingham Rogue landlord fined over £3,000
  5. East Midlands FREE Landlord EXPO

'Getting Tax Right from the Start' - Help for Landlords?

Did you know that HMRC offers a range of online support and advice for residential landlords who want to bring their tax affairs up to date?

This help includes:

A Letting a Property tutorial

This tutorial provides bite-sized modules covering topics such as:

To access the tutorial: http://www.hmrc.gov.uk/courses/syob2/letting/index.htm

Property Rental Toolkit

This toolkit provides guidance on how to ensure you correctly complete and include all details required in your Self Assessment tax return. Although created for HMRC tax agent use, you may also find this useful if you complete a tax return yourself.

The Tootkit can be downloaded here: https://www.gov.uk/government/publications/hmrc-property-rental-toolkit

Webinars

HMRC host a range of webinars with both pre-recorded 30 minute sessions and live one hour sessions. You can participate by sending an email with your questions to the presenters: https://www.hmrc.gov.uk/webinars/index.htm

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Right to Rent Checks - Are you complying?

As hopefully you are already aware 'Right to Rent' checks were introduced for all new tenancies starting on or after 1st February 2016.

The checks extend to all adults living in the rented property.

You are strongly advised to read the following guidance on how to carry out this process and to take a look at examples of acceptable documents as landlords we should be expecting from our tenants: https://www.gov.uk/check-tenant-right-to-rent-documents

It is important to note that Landlords who employ a letting agent to manage their properties should satisfy themselves in writing that these checks are being carried out as part of the service they receive from their agent on their behalf.

Fines can be levied on landlords (even if they use an agent) by the Home Office where these new rules are not complied with.

For more information and some frequently asked question click here: http://www.dashservices.org.uk/Blog/right-to-rent-some-frequently-asked-questions

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Latest News on a Landlordís Energy Efficiency Obligations

Following the conclusion of the Governments consultation on the Minimum Energy Performance Standards included within the Energy Act 2011, guidance has been published clarifying how these new standards will be implemented when they come into force from 1 April 2018.

The minimum energy efficiency standard for privately rented domestic properties has been confirmed as an 'E' Energy Performance Certificate (EPC) Rating, and the Government have chosen to adopt a 'phased introduction' of the new regulations, ensuring Landlords have time to implement any necessary improvements.

From the 1st April 2018 the regulations will apply where a new tenancy is granted, to a new or existing tenant, and the regulations will apply to all privately rented properties by 1st April 2020.

For more information please follow this link to the Department of Energy and Climate Change report on Private Rented Sector Energy Efficiency Regulations: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/401381/Dom_PRS_Energy_Efficiency_Regulations_-_Gov_Response_FINAL__04_02_15_.pdf

So What Help is Available Now?

The Healthy Housing Service in Nottingham is a service designed to improve the quality of life of vulnerable people aged over 60 and families with children by reducing cold-related illnesses through the delivery of practical, home energy improvements.

As part of this project there are a number of schemes open to your tenants which you could take advantage of including:

For more information or to see if your property qualifies visit: http://www.dashservices.org.uk/Blog/boiler-update

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Nottingham Rogue landlord fined over £3,000

A Nottingham landlord has been fined £3,650 after admitting breaches of housing law which put his tenants' lives at risk.

Sukhvinder Singh Swali, of Wollaton Road, Wollaton, pleaded guilty at Nottingham Magistrates Court to three breaches of management regulations relating to firefighting equipment and fire alarms and for failing to licence the property.

This prosecution is a success for Nottingham City Council's Safer Housing Team's Rogue Landlord campaign and sends out a strong message that they will not allow tenants' lives to be put at risk by people who prioritise rental income by putting profit before safety.

Nottingham City Council continues to support the good landlords in the city and fully endorses its FREE landlord accreditation scheme - 'The Nottingham Standard'.

So why not set yourself apart from the criminals and gain a badge of good practice and join the 'Nottingham Standard' for FREE today.

For information on landlord accreditation visit: http://www.nottinghamcity.gov.uk/nottinghamstandard

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East Midlands FREE Landlord EXPO

Have you made a note in your diary to attend this year's East Midlands Property Owners (EMPO) annual EXPO?

If not then it is worth doing so as the EXPO is the biggest landlord event of its kind in the East Midlands attracting over 700 visitors in 2015.

Essentially the EXPO provides the perfect platform for landlords to seek the advice, guidance and tools necessary to succeed in the private rental market.

The event is supported by DASH Landlord Accreditation and the National Landlord Associations (NLA) and provides value continual professional development for our members.

The event will take place on 5th May 2016 between 10am - 4pm at The Nottingham Belfry, Nottingham.

For more information visit: http://www.eastmidlandslandlordexpo.co.uk/

Or contact Giles Inman on 0115 950 2639

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