• 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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  • May 16, 2018
  • by Umega Lettings

Making Tax Digital – What does it mean for landlords?

You may or may not have heard of Making Tax Digital (MTD) but if you are a landlord who receives more than £10,000 per annum in rental income (gross income not net profit) it may well have a big impact on you from April 2020. Here is some information that may help!

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  • May 10, 2018
  • by Umega Lettings

Switching from SATs to PRTs

Not sure whether it's better to use an old Short Assured Tenancy (SAT) or new Private Rented Tenancy (PRT) in Scotland? We explain the pros and cons of each in this helpful and timely blog.

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  • May 07, 2018
  • by Umega Lettings

Edinburgh lettings market update

Here's a quick summary of Citylet's Quarterly lettings market report focusing on Edinburgh. Rents continue to climb for all property sizes as demand from tenants grows.

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