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  • Tax

    The expansion of Ltd Co Landlords

    I am not sure if there are any figs on the Numbers of Rouge Landlords?

    But I would imagine if they were Rouge they would most likely not declaring their rent to HMRC

    With the growth of Company Landlords who use a Ltd Co this aspect of bad Landlording has to fall

    The Govt has to be happier seeing Landlords start Ltd Co as you have to do accounts

    It won't stop a bad practice landlord but it stops the avoidance of Taxes and If you take a Salary your in a live HMRC.  They know very quickly how much you are paid.

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Yes - I presume so.

    Though if a landlord is happy providing fake information to HMRC in the personal name. They would be happy to provide fake information to HMRC in the company name?
    Whichever way, its a doomed process and will get found out sooner rather than later. Given the amount of data sharing that we have these days.

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    Its unwise to try and fiddle HMRC and on top of that a Director may face big issues if they try and fiddle the accounts in a company

    and there accountant could also have issues if they helped a Director fiddle the accounts

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Do you think these new changes will impact rogue LLs?

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    Up until a couple of years ago I was very much an amateur landlord, most of my income was tax exempt but I couldn't be certain all of it was, but I was there or there abouts. I had much the same attitude to legislation. I'll accept that as a definition of a rogue landlord.

    After taking more of an interest, and incorporating, I am now very aware of my tax obligations. Far from stopping the avoidance of tax, I have found it positively encourages it.

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    rogue landlord is such an ill defined term.  it can mean anything to anyone with an agenda.

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    Baroness Williams of Trafford defined the term a couple of years ago for the purpose of parliament:

    “The term 'rogue landlord' is widely understood in the lettings industry to describe a landlord who knowingly flouts their obligations by renting out unsafe and substandard accommodation to tenants, many of whom may be vulnerable. The Housing and Planning Bill contains a number of measures to help local authorities crack down on rogue landlords and force them to either improve or leave the sector.”

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    so as I say rogue landlord can really mean anything to anyone.  for instance that 'definition' says nothing about paying taxes!

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    Agreed its a non word really and a far too narrow definition

    I hope The Baroness spends some time  also to come up with a definition for rogue tenants who dont pay their rent and damage our properties and includes measures for that  in any New Housing Bill . Then LA`s can be helped to crack down on rogue tenants and force them to either pay up or leave my property . Not to pay rent is theft

    Then she can move on to define what a  rogue MP is who fiddle their expenses and knowingly flout their obligations

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    Jonathan Clarke. http://www.buytoletmk.com

    good points.  there are rogues in every sector (and in my experience in ever increasing proportions), but rogue landlords is now a catchphrase auto associated with all landlords.

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    To some Labour politicians anyone who lets a property that doesn't meet the decent homes statndard is a rogue. The kitchen in my former home is 23 years old so would fail the test if applied simplisticly.

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