Quote:
Originally Posted by macafee2
Not according to the council where "Emily" is.
We will look into it, thanks for the heads up
macafee2
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I am sure the licensing scheme was introduced to help deal with unscrupulous landlords that abused the needs of others and whose lack of concern and upkeep had a negative effect on the area blighted by their actions.
As such it was not a nationwide scheme.
The most common was/is converting a normal family house into an illegal HMO with no thought to safety or even how the drains would cope with 15 people using one toilet!!!
I hardly think the requirements for such a Licence apply to you Ian - but as I said - the exact details of how and where these scheme come into play is rather sketchy.
On the Tax front there is better news. If you have an interest only mortgage on the place then the interest you pay is 100% tax deductible.
Similarly the cost of repairs are tax deductible.
And I would have thought that the cost of any “Licence” you are required to have (assuming this is the case) is also tax deductible. However, despite going through my normal reference sources here I cannot find confirmation of this. I’ll see if I can get one of the guys to check it out next week.