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  • Tax

    Can anyone give me advice

    II attended a Landlord Conference  and we  had a presentation from British Gas about Grants

    To cut a long story short the deal was this?

    If you have a property with Electric Central Heating and your Tenant has an income less than 20k a year

    You can have a full new Gas Central Heating for Zero Cost

    I gave the info to the Tenants and long story short I have had 10 new central heating systems for Zero Cost

    The System included new mains and a top rate Combo boilers

    Its been a great job and as you can imagine I am over the moon

    I received a letter today from the Council outlining what had been done and the cost of each system in Euros

    each system cost around 3500 Euros

    Im not being asked for a payment but there is a statement saying

    You must declare this amount in future to any aid awarding body for the purpose of De Minimis Aid Regulation  and you must keep

    this letter for ten years from the date on the letter and I may have to produce it as requested by the UK Public Authorities or the European Commission

    Have my tenants been given a European  grant  the total amount is 35000 euros  and it was all for nothing

    so all my tenants who did this for me get a months rent free

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    Learn Change and Adapt ?????

    Sounds like you'll be one of the last ones to get those grants thanks to Brexit DL

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    I did not know it was Europe money until I got the letter from the Local Council today and I did not have a clue what the cost was ??


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    Learn Change and Adapt ?????

    Whatever it was it sounds like you got a major result!

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    it was good its nice to have some good news dom  and it offsets the costs I have had to do the landlord shuffle

    have a good weekend

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    Learn Change and Adapt ?????

    " As small amounts of aid are unlikely to distort competition, a useful approved EU mechanism for State aid is the industrial de minimis regulation which allows small amounts of aid i.e. less than €200,000 over 3 consecutive fiscal years, to a single undertaking for a wide range of purposes. "

    It looks to me that they want you to keep the documentation in the event there is issues with "State Aid" as such as the EU stepping in and telling them/you off for assisting...

    Though.. no idea.

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    The above post is not financial advice, its often me rambling - passing time on a coffee break.
    If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance.


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