Reply To: Self Employed Income or Capital in Property

John Boxall

My immediate question might be about the amount of work they say they do on the properties.

If they are ‘single household’ lets then 24 hours pw seems like an awful lot, 300 hours pa per property

After the 2008 crash when I could not sell my previous house and let it out, while I did it via an agent, even if you called round for a weekly rent that isnt going to take that long, and 24 hours a week will do an awful lot of repairs and maintenance.

If you think they are HMO’s then you need details, licences etc that should be checked.

So as the caselaw goes, are they ‘carrying on the business of being a landlord’

Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and—and in short you are for ever floored.

Wilkins Micawber, Ch12 David Copperfield