fairline Member Profile in The AnswerBank

rental income - affected by heating?

We are refurbishing a two bedroom flat in london to a very high standard. Currently it has no gas connection. Flat heated by economy 7 storage heaters. We have just discoverd that gas connection is...

Kuk

Continue business after been made bankrupt

Hi i am currently running my business and am in a very expensive IVA for 5 years which cannot be reduced at the moment i am considering going bankrupt due to cash flow problems. The business is very...

averybertha

rent

my sister has lived with me for the last couple of years i am finding it hard finically i need a figure to show her but how much rent should i charge her she does not put anything into the house

want2findout

Should I rent or sell?

I recently moved in with my partner and have since put my house on the market. The plan was to use the profit made on my property (approx ?35k after clearing some debts!) and use this to go halves on...

hugoboss

Landlord insurance

Can anyone advise me on what i need to do regarding this. I own and live in my house, but will soon be renting out 2 of the bedrooms to tenants whilst I live there. Will i need a different insurance...

freddiepride

collateral

best way to release money from house

annavc

Advice please

I'm very overweight and I know it and I hate it but I have absolutely no motivation to do anything about it. I know I'm capable of doing it as I have before - I lost 2.5 stone on weight watchers last...

LostSheep

Right to Buy Query

I have been giving the opportunity to buy my council house through the right to buy scheme and I was thinking of renting the property out after the purchase from the council has completed. My queries...

ck1

Capital Gains Tax

I bought a house a while ago for 128K, in 2004 it was valued at 220K and I took out 60K for a deposit on a new house which is now my primary residence, the first property is being rented and has a...

pigeongirl

Credit History

At the age of 29 I've never had a credit card, overdraft, loan, hire purchase etc, so if I applied for a mortgage will I have any credit history at all? I only have a basic bank account and a savings...

FieryP125

Renting a Property Out

I am thinking of renting a property out but was wondering about the tax implications. I understand I will be taxed on the profit I make. My questions are: 1. Will I be taxed on the gross rent or net...

spanner7853

money

does anyone know how I can make money quickly without breaking the law. I am absolutely skint, work full time and have 2 kids. loads of ideas would be good. I dont mind doing homeowrk but whenever I...

stephen2504

council house

my parents have been renting a council house for 17 year is it possible for me to buy there house under the right to buy and would it be possible for them to give me the rent even though they get...

Simeon

Inland Revenue versus Arctic Systems

This question is directed at ltd companies of husband and wife with one share each. The Inland revenue are appealing to the House of Lords after an initial court decision to stop the spouse recieving...

katybeth

buying my partner out of our mortgage

I have recently split up from my partner and am wondering whether i could afford to buy him out of our mortgage, what he's entitled to and how i would go about it.

sherrardk

Bankers' draft

Hello - what do you need to look out for if someone is paying you with a banker's draft?

fairline

Overseas bank accounts

I am expecting to dispose of a substantial asset which will leave me with a large capital sum to invest. The amount of interest from this capital would I assume attract income tax at the highest level...

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