• July 26, 2018
  • by Administrator

Edinburgh Letting Market Update – July 2018

Citylets have just published their latest Letting Market Update for Quarter 2 so here’s some key highlights we’ve pulled out specially for the Edinburgh letting market. Record breaking rents…again! Another month and another all-time rental high for Edinburgh in the second quarter of the year.

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  • July 17, 2018
  • by Administrator

Non-Resident Landlords – Capital Gains Tax

The capital gains tax scheme for Non-Resident Landlords has a different basis than the income tax scheme. The rules state that if you sell your UK property then you must make a capital gains tax within 30 days of the completion of the sale, even if there is no tax due.

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  • July 13, 2018
  • by Andy Whitmey

Only 2 minutes to change letting agent and we’ll do the rest!

Landlords in Edinburgh have put up with sub-standard service from their letting agent but for many it felt like too much effort or too big a step to move agent. But… switching agent isn’t such hard work after all. In our experience it should only take a landlord two minutes then the new agent will do the rest.

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  • July 09, 2018
  • by Andy Whitmey

Where is the best place to invest in residential property in the UK?

Property investors in the UK have 69 cities to choose from, but Edinburgh looks like the best place to invest in residential property in the UK. In this blog, we’ve analysed the data and trends and combined it with our experience to provide a comparison of how Edinburgh compares to other UK cities.

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  • June 25, 2018
  • by Administrator

Holiday-Letting vs Long-term Letting in Edinburgh

Edinburgh is one of the most popular cities in Europe for holiday lets. AirBnB has triggered the creation of a whole industry of holiday let landlords and this new sector is rapidly maturing. However, many landlords are turning their backs on holiday lets and deciding instead to rent their properties long-term.

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  • June 15, 2018
  • by Andy Whitmey

Scottish Home Awards Winner 2018!

To have won as the Residential Lettings Team of the year at the Scottish Home Awards is a huge boost and it compliments nicely some of the fantastic customer feedback we’ve received over the past 12 months

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  • June 07, 2018
  • by Andy Whitmey

Can I sell my tenanted property in Edinburgh?

An open-market sale may appeal to many property owners but it also comes at a high cost. Selling tenanted property, on the other hand, can take place with tenants in situ, so you can continue to receive rent while a buyer is sourced and up until the day the property sale concludes.

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  • June 06, 2018
  • by Andy Whitmey

Higher rate tax payers – mortgage interest relief

When calculating self-assessment income for residential property only the mortgage interest is an allowable expense. In addition to this HMRC have put in place further restrictions for the tax relief on finance costs since 6th April 2017. Find out more here.

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  • May 30, 2018
  • by Andy Whitmey

Tax for Non-Resident Landlords (NRL)

If a landlord has a rental property in the UK and their usual place of abode is outside the UK then they will be taxed as a non-resident landlord. This means that income tax is payable to HMRC on any profits.

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