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Investment Vehicles: Disposing Of Your UK Property

Investors have the option of purchasing property as an individual or via an investment vehicle, such as through a company. Different taxes apply at different stages of owning a property — when you buy it, whilst you own it, and when you dispose of it.

In Part 1, we covered the taxes that are applicable at the purchase stage of the investment. Part 2 covered the next stage of investment, ie when you have already taken possession of the property. Here in Part 3, we talk about what entails when you dispose of your UK property.

Capital Gains Tax (CGT)

When you sell your home, you may need to pay Capital Gains Tax (CGT) on any gains you make when you dispose of your property.

CGT is currently only applicable to residential property. Commercial property such as student property and care homes will be subject to CGT from April 2019.

Your taxable gain is the difference in price between the purchase and sale of your property, after taking away any allowable expenses and your personal allowance (if selling as an individual).

SELLING AS AN INDIVIDUAL

All non-UK residents get an annual personal allowance of £11,700 for CGT.

Allowable expenses include the stamp duty paid upon the purchase of the property, agent fees and legal fees incurred during the purchase or sale, and payments for valuations made on the property.

CGT is taxed at 18% if your taxable gain is £46,350 or less, or 28% if more:

UK Capital Gains Tax (CGT) Rate
UK Capital Gains Tax (CGT) Rate

Example:

Jason sold his apartment for £275,000. He had previously bought it for £200,000, giving him a total cash gain of £75,000.

Jason must report the sale to HMRC, complete a full CGT computation and pay any CGT within 30 days of transfer.

Jason’s expenses come up to £30,400, and after deducting his personal allowance, he has a total taxable gain of £32,900.

Jason’s taxable gain is less than £46,350, so his CGT rate is 18%, and this will come up to a tax of £5,922, or 2.15% of the apartment’s sale price.

Example 1: Calculation of CGT
Example 1: Calculation of CGT

 

SELLING THROUGH A COMPANY

CGT for Companies
CGT for Companies

 

INHERITANCE TAX
Leaving your property to your heirs

If you are leaving your house to your heirs, you may want to take note of the taxes involved in bequeathing it.

Inheritance Tax will need to be paid on any UK assets you pass on. Currently the tax is at 40% for any amount above £325,000 per individual (what is called the ‘nil-band’ allowance).

UK Inheritance Tax (IHT) Rates
UK Inheritance Tax (IHT) Rates

Example:

Andrew owns a house worth £350,000, which is his only UK asset. He leaves the house to his son.

The house’s value exceeds the allowance threshold by £25,000, and the Inheritance Tax on that amount would be £10,000.

The tax is paid by Andrew’s son who inherits the house.

Example 1 of IHT Calculation
Example 1 of IHT Calculation

You can put estate-planning in place to significantly reduce the tax your heirs will need to pay.

This could be something simple like bringing on a spouse or re-mortgaging your house.

Spouses can inherit their partner’s allowance, effectively doubling their tax-free allowance to £650,000.

Example:

Barry owns a house worth £500,000, which is his only UK asset. He leaves the house to his wife.

There is no IHT for passing on the house to a spouse, so Barry’s wife will not pay any tax. However, Barry’s wife also inherits Barry’s allowance.

When Barry’s wife dies, the son inherits the house. Barry and his wife’s joint allowance is £650,000, which is more than the value of the house, and the son will not need to pay any IHT.

Example 2 of IHT Calculation
Example 2 of IHT Calculation

An outstanding mortgage can also be tax-deductible against your estate, and will lower the amount of Inheritance Tax charged.

Here are some other ways of estate planning:

  • Using a trust
  • Using a UK company
  • Taking out a life assurance policy not based in the UK

A good tax planner will advise you on your best options, ensuring that your heirs will get the maximum benefit out of what you leave to them.

Click here for more guides on property investment, and please subscribe to our website notifications to get the latest updates! Do leave us a comment below if you have any thoughts on our article.

If you are interested to explore UK Property’s potential for high returns, or if you need us to refer you to a good tax firm in the UK, don’t hesitate to give us a call at 3163 8343 (Singapore), 03-2162 2260 (Malaysia), or email us at info@csiprop.com!

Disclaimer: This article serves as a guide to investors. Kindly note that CSI Prop is not a licensed tax advisor. Accordingly, you should seek advice based on your particular circumstances from independent advisors and planners.

By Ian Choong

Sources:

  • Adams & Moore Ltd
  • Featured image: YourNewHouse.co.uk
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Investment Vehicles: Owning A UK Property

Investors have the option of purchasing property as an individual or via an investment vehicle, such as through a company. Different taxes apply at different stages of owning a property — when you buy it, whilst you own it, and when you sell it.

In Part 1, we covered the taxes that are applicable at the purchase stage of the investment. Here in Part 2 of the series, we cover the next stage of your investment, i.e. when you have already taken possession of the property.

Income Tax

If you rent out your home, you may need to pay income tax on any earnings/profit from rent, after deductions or allowable expenses. This may include

  • Interest on loans
  • Repairs and maintenance
  • Ground rent

As a foreigner renting out your property in the UK, you are classed as a non-resident landlord by HM Revenue and Customs.

 

OWNING AS AN INDIVIDUAL

The standard personal allowance is the amount of income you don’t have to pay tax on every year. As a foreign property investor earning rental income in the UK, you qualify for the standard personal allowance if it is included in the double-taxation agreement between the UK and the country you live.

For example, Malaysians who invest in UK property are eligible for this yearly allowance. Singaporeans, however, are not.

You get a standard personal allowance of £11,850, unless your income is £100,000 or above. The allowance decreases incrementally (see table below) if your income is above £100,000.

Your personal allowance can vary if you apply for Marriage Allowance or Blind Person’s Allowance.

Personal Allowance for UK Income Tax
Personal Allowance for UK Income Tax


If you have the standard personal allowance of £11,850, you pay 20% tax on the next £34,500 of your income.

If you do not have any personal allowance, you are taxed at 20% up to £46,350 of your income.

For the portion from £46,351 to £150,000, you pay 40%, and for the portion above £150,000, you pay 45%.

UK Income Tax Bands
UK Income Tax Bands

As a foreign investor, you can file your rental income taxes to HM Revenue & Customs by getting your rental in full and paying through self-assessment (fill in form NRL1).

 

OWNING THROUGH A COMPANY 

If you own property through a company, you will be taxed differently.

Tax liability for owning property via an investment vehicle
Tax liability for owning property via an investment vehicle

 

We hope this has been helpful! Stay tuned for Part 3 of Investment Vehicles: Selling a UK Property.

What are your thoughts about buying UK Property through an investment vehicle? Drop us a comment below. If you are interested to explore UK Property’s potential for high returns, don’t hesitate to give us a call at 3163 8343 (Singapore), 03-2162 2260 (Malaysia), or email us at info@csiprop.com!

Disclaimer: This article serves as a guide to investors. Kindly note that CSI Prop is not a licensed tax advisor. Accordingly, you should seek advice based on your particular circumstances from independent advisors and planners. 

By Ian Choong

Sources:

  • Gov.uk
  • Featured image from Property Moose

 

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Manchester Tops House Price Growth in UK

Manchester recorded a 7.0% increase in house price growth compared to London’s dismal 0.4%.

Manchester is England’s top performing city for house price growth, the latest data from Hometrack shows, while London remains on a flatline.

The data comes from the property research firm’s UK Cities House Price index, which tracks housing data across 20 UK cities and regionally.

For house price growth over the last 12 months, Manchester obtained top spot at a cool 7.0% increase followed by Birmingham at 6.5% and Liverpool at 5.9%.

Price growth in London showed no signs of recovery, staying at a stagnant 0.4%.

Across the UK as a whole, prices have gone up by 4.3% over the last 12 months.

Price Growth of UK Cities in last 12 months
Price Growth of UK Cities in last 12 months: Leading cities in the UK that outshine London.

Many cities in the Northwest have posted high capital gains over the average for the last 12 months. Yet, there is still much room for growth, as prices remain low, well under the national average.

The average price in Manchester was at £163,200, Birmingham is at a slightly lower £159,800, and Liverpool, at £118,800.

Comparatively, the average price of a home in Britain is £217,400.

Although price growth in London is stagnant, housing in the capital costs more than double the national average, at a whopping £491,200!

Average Prices in UK Cities
Average Prices in UK Cities: London prices are at stratospheric levels, making high yields and capital gains quite impossible.

Richard Donnell, Insight Director at Hometrack says that the London market is going through a period of price alignment, having posted some very large gains over the past 8 years.

“Over the last 12 months, average prices in London have grown by just under 1%. This is much lower than the annual average growth of 9% over the last 5 years. These averages mask a wide range of house price growth at a sub market level. Actually, house prices are falling across a third of London’s local authority areas.”

Homes in the capital have become unaffordable for many people after years of surging prices, while wage growth remains meagre and lenders apply tougher mortgage criteria.

However, the price gap between regional cities and the capital is narrowing.

Hometrack expects the gap in prices between London and other UK cities to close further over the next two years. This follows a similar pattern from 2002 to 2005 when London house price growth was relatively weak compared with the rest of the country, after a period of surging prices from 1996 to 2000.

Richard says, “We expect house prices to keep rising across regional cities such as Birmingham, Manchester and Edinburgh over the next two to three years. During this time house price growth in London will remain flat, with annual price rises of approximately 0-2%. As a result, the gap between house prices in cities outside of the south-east and house prices in London will continue to contract.”

Price falls in London will reduce the gap between it and regional cities
Price falls in London will reduce the gap between it and regional cities

Manchester and Birmingham are expected to be the first cities to move closer to London prices, with demand for housing likely to be boosted by strong job growth. They are forecast to return towards average prices being around half of those in the capital compared to a third today.

“The level of house price inflation seen in large regional cities during the last peak, between 2000 and 2003, gives a good indication of how much prices may rise this time around. If history is to repeat itself and these cities are to get back to where they were, then prices could increase by as much as 20-25%,” Richard adds.

This weekend, find out more about this amazing project in Manchester and how you can profit from it.
This weekend, find out more about this amazing project in Manchester and how you can profit from it.

This weekend, learn how you can invest £75K & GET BACK £190K in 5 YEARS with the POWER OF LEVERAGE! Come for the EXCLUSIVE WORLD LAUNCH of an iconic new residential development in the Manchester city centre – THE CROWN On Manchester’s Skyline. Call +60162288691 to book your seats now!

By Ian Choong

Sources:

  • https://www.theguardian.com/money/2018/jun/29/london-house-price-growth-at-nine-year-low-amid-edinburgh-and-manchester-spurt
  • https://www.hometrack.com/uk/insight/uk-cities-house-price-index/may-2018-cities-index/
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Investment Vehicles: Buying A UK Property

Have you ever wondered if you should invest in property through an investment vehicle, instead of as an individual?

In this three-part series on investment vehicles, we’ll go through the various types of taxes that are applicable when buying property in the UK individually and through a company, so that you can have a better idea of the differences between the two.

Different taxes apply at different stages of owning a property — when you buy it, whilst you own it, and when you sell it.

In Part 1 of 3, we go through the initial stage of owning a property in the UK, which is when you buy one.

The tax involved when you buy a property is called the Stamp Duty Land Tax (SDLT).

Stamp Duty Land Tax (SDLT)

When buying a property, you are required to pay stamp duty to HM Revenue & Customs within 30 days of completion.

Generally, your solicitor, agent or conveyancer will assist with filing and paying the tax on your behalf and adding that amount to their fees. Otherwise, you can file the return and pay the taxes yourself.

 

BUYING AS AN INDIVIDUAL

Residential Property

First-home buyers

If this is your first home purchase, and it costs less than £500,000, you can claim relief as a first-home buyer.

This means that you don’t pay any stamp duty up to £300,000 and only 5% on the portion from £300,001 to £500,000.

Stamp Duty for First Home Buyers
Stamp Duty for First Home Buyers (buying as individual)

If you already own or previously owned a home outside the UK, you can’t claim relief.

If your first home purchase costs more than £500,000, you follow the rules for Single-House Owners.

Single-House Owners

Single-house owners are those who have previously owned a house before, but have sold it. 

This also applies to property outside of the UK.

Single-house owners don’t pay any stamp duty up to £125,000.

You only begin paying stamp duty at various increments from the next £125,000 (the portion from £125,001 to £250,000) onwards.

Any portion above £1.5 million is charged at 12%.

Stamp Duty for Individuals Not Owning Any Other Property
Stamp Duty for Single-House Owners (buying as individual)

Multiple-House Owners

If buying another house means you will own more than one property, higher rates apply, unless the house you are buying is less than £40,000, in which case you pay 0% stamp duty.

Stamp duty rates are higher by 3% across the bands for buyers who already own a home (in or out of the UK).

Stamp Duty for Individuals Owning Multiple Houses
Stamp Duty for Multiple-House Owners (buying as individual)

If you own just one house now, and are planning to buy a new one as a replacement, Multiple-House Owner stamp duty is applicable. However, you can get a refund if you sell the old one within 36 months of purchase.

 

Commercial/Non-Residential Property

Buyers of commercial property don’t pay any stamp duty for property price up to £150,000.

You pay stamp duty of 2% for the next £100,000 (the portion from £150,001 to £250,000).

Any portion above £250,000 is charged at 5%.

Stamp Duty on Commercial Property for Individuals
Stamp Duty on Commercial Property (buying as individual).

 

BUYING THROUGH A COMPANY

The taxes are different if you are buying through a company:

Stamp Duty applicable to companies
Stamp Duty applicable to companies

Do stay tuned for Part 2 of Investment Vehicles: Owning a UK Property.

What are your thoughts about buying UK Property through an investment vehicle? Drop us a comment below. If you are interested to explore UK Property’s potential for high returns, don’t hesitate to give us a call at 3163 8343 (Singapore), 03-2162 2260 (Malaysia), or email us at info@csiprop.com!

Disclaimer: This article serves as a guide to investors. Kindly note that CSI Prop is not a licensed tax advisor. Accordingly, you should seek advice based on your particular circumstances from independent advisors and planners. 

By Ian Choong

Sources:

  • Gov.uk
  • Featured image: lowimpact.org
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Construction Update – Lygon Place (May 2018)

On behalf of the developer, we bring to you the latest updates from the construction site of Lygon Place, Melbourne, as of May 2018. Kindly click on the viewer below to see and flip through the update.

FLASHBACK: Lygon Place

Lygon Place, located in Brunswick East, brings authentic urban living to one of Melbourne’s most established, inner city precincts. Tree lined streets, leafy parks and gardens meet an abundant retail and café scene in a small yet diverse, tightly held location, 4.2km from the heart of the CBD.

Central to the city’s most popular destinations and surrounded by Melbourne’s key employment hubs, transport links and leading universities, Lygon Street is placed for proximity. Open green spaces, a rich cultural heritage and colourful urban landscapes embody the essence of modern Melbourne while an energetic and youthful community of artisans and creative entrepreneurs set a progressive pace for an enviable lifestyle.

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence.

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260 (MY) 3163 8343 (SG)

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Effects of the Banking Royal Commission on Australia Property Prices

Evidence has emerged to suggest the ongoing Banking Royal Commission will impact availability of financing for house purchases. However, experts say that this is unlikely to have much effect on house prices in the long term. The real drivers of property prices are land availability, construction costs, population growth, and to a lesser extent finance access and cost

The Australian Banking Royal Commission was established last December, after years of public pressure, to investigate alleged misconduct by Australia’s financial services entities.

So far, proof of appalling behaviour by Australia’s major banks and financial planners from the past decade has surfaced, which include alleged bribery, forgery of documents, the repeated failure to verify customers’ living expenses before approving loans, and selling insurance to people who are unable to afford it.

In the aftermath of the scandals, several high profile finance executives have resigned, while shares of Australia’s major banks have all fallen at least 20% from highs reached before last May’s budget.

Commonwealth Bank, Westpac, and National Australia Bank shares are about 23% below their peak of late April 2017, while ANZ’s stock has fallen 20%.

Even as the Royal Commission goes on, tighter lending standards have already been enforced by the Australian regulator, with some self-imposed, as banks attempt to realign lending practices with responsible lending principles.

What the experts say

There has been concern that as tightening regulations reduce availability of financing, demand for property will follow suit, causing a drop in house prices. Several experts have chimed in on the matter.

JP Morgan’s Australian economics team suggests that the Royal Commission will cause slower credit growth, job losses in the finance sector and slower household consumption, which will lead to declines in house prices in the short term.

While JP Morgan believes the fallout from the Royal Commission creates short term downside risks for the Australian economy, in the long run it will leave Australia’s finance and household sectors, as well as the broader economy, on a stronger footing than is currently the case.

All else being equal, JP Morgan is of the view that this should be positive for the longer-term investment and productivity outlook.

Rachel Ong, Professor of Economics at Curtin University says that the stricter regulations are not likely to impact house prices.

“The tightening of banks’ lending standards and stricter credit controls should lead to a reduction in demand for properties.

“However, this prospect is unlikely to translate into any meaningful reductions in property prices. Property prices in Australia have remained persistently high since the early 2000s,” she says.

Brendan Coates, Fellow from Grattan Institute, says that any short term reduction in house prices is unlikely to have much of an impact.

“Tighter lending standards to reduce the amount of money prospective homebuyers could borrow would push down property prices, at least in the short-term. But the effect is likely to be modest, because banks have already tightened lending criteria in recent years,” he says.

Maria Yanotti, Lecturer of Economics and Finance, from University of Tasmania, is of the opinion that the Royal Commission is more likely to affect the supply of financial services, than demand for loans.

“As a consequence of the commission’s findings we would like to think that financial institutions will have to put in place better compliance processes and stop cost-saving or income-generating practices that disadvantage or put consumers at risk. These new processes and practices will translate into higher costs for the financial institutions, which will be passed on to consumers via higher interest rates and/or lower access to finance.

“This situation will result in lower demand from those looking to own a home, in favour of higher demand for rental housing. But the effect of higher interest rates may not be strong enough to decrease demand for property by real estate investors and businesses.

“The real drivers of property prices are land availability, construction costs, population growth, and to a lesser extent finance access and cost,” she observes.

It seems apparent that falls in property prices are unlikely to make much of an impact, or are merely confined to the short-term, giving a good outlook for investment in Australian property for investors keen to get a bargain whilst capital growth has slowed.

What are your thoughts about the impact of the Banking Royal Commission on property in Australia? Drop us a comment below. If you are interested in Australia and, particularly, Melbourne’s potential for high returns, don’t hesitate to give us a call at 3163 8343 (Singapore), 03-2162 2260 (Malaysia), or email us at info@csiprop.com!

By Ian Choong

Sources:

  • https://www.businessinsider.com.au/australia-banking-royal-commission-economic-impact-jp-morgan-employment-house-prices-2018-5
  • http://www.afr.com/real-estate/will-the-banking-royal-commission-push-down-property-prices-we-ask-5-experts-20180514-h102gm
  • https://www.smh.com.au/business/banking-and-finance/housing-royal-commission-jitters-drag-big-banks-into-bear-market-20180613-p4zl88.html
  • https://www.theguardian.com/australia-news/2018/apr/20/banking-royal-commission-all-you-need-to-know-so-far
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Construction Update – The Residence (May 2018)

On behalf of the developer, we bring you updates as at May 2018 from the construction site of The Residence in Manchester, UK. Kindly click on the viewer below to see and flip through the update.

FLASHBACK: The Residence

The Residence is only a few minutes’ walk from Manchester City Centre. It sits at the doorstep of Spinningfields (The Canary Wharf of the North), Manchester’s main shopping and commercial district and Deansgate, the financial district of the city. The Residence occupies a prominent position within the stunning new £400 million Greengate Masterplan Project and, upon completion, will be one of the tallest residential buildings in the city, making it highly desirable for tenants. The regeneration of Greengate is expected to unlock £400 million of investment over the next 15 years.

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260 (MY) 3163 8343 (SG)

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Construction Update – One Wolstenholme Square (May 2018)

On behalf of the developer, we bring you updates as of May 2018 from the construction site of One Wolstenholme Square in Liverpool, UK. Kindly click on the image below to access and flip through the update.

FLASHBACK: The Epicentre of History & Culture

Imagine being at the centre of a quaint and cultural city bustling with life and steeped in history…Welcome to One Wolstenholme Square, the latest £40 million development in the most desirable postcode in Liverpool.

Located five minutes away from the city’s attractions and top university campuses, One Wolstenholme Square comprises a selection of studio and one-bedroom residential apartments with a panoramic view of the Liverpool skyline and the remarkable World Heritage Waterfront.

Liverpool is one largest economies in the UK, and home to half a million people, some of the UK’s top universities, football clubs (Liverpool FC & Everton FC), a staggering student population of over 53,000 and, of course, The Beatles!

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence.

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260 (MY) 3163 8343 (SG)

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New Guidance to UK Landlord Licensing Scheme

A significant change to the landlord licensing scheme is the exemption of licensing for smaller HMOs.  If you are a landlord renting out your premises in the UK to multiple occupants and have been exempt from licensing all this while, you may want to pay attention to the latest changes in legislation.

Since its implementation in the UK some 8 years ago, the landlord licensing scheme has brought changes to the UK housing market, affecting landlords across the country. 

Landlord licensing, also known as selective licensing, sets out to ensure that landlords are “fit or proper persons” and that buildings for rent are fit for occupation — all with the intention of raising standards and improve the rental market.

Recently, the UK government released new guidance affecting landlords of houses in multiple occupations (HMOs). The overhaul will take effect on 1 October.

Due to their shared facilities, HMOs often offer cheaper accommodations to students, migrant workers, and young professionals looking for cheaper rental housing.

The new guidance in the landlord licensing scheme is aimed at tackling overcrowding and ensuring all landlords’ properties reach minimum standards.

One of the most significant additions in the landlord licensing scheme is that the previous rules exempting smaller HMOs from licensing, will be removed. Other mandatory changes in selective licensing for HMOs below:

Part 1 of changes – minimum room size

The Mandatory Conditions of Licences 2018 according to Schedule 4 of the Housing Act 2004, introduces new conditions of minimum sleeping room sizes as follows:

  • Not less than 6.51 square meters for one person over 10 years old;
  • Not less than 10.22 square meters for two persons over 10 years old;
  • Not less than 4.64 square meters for children under 10 years old.

Rooms that do not fulfill the minimum requirement are not allowed to be used as sleeping accommodation. Those who abuse the regulations will be charged a penalty of up to £30,000.

Part 2 of changes – waste disposal

The government also set out new guidances related to waste disposal,  given that waste generation by HMOs is higher than standard households due to the high number of occupants.

All the above new amendments will take effect in cities in which  the landlord licensing scheme applies, for instance, London, Liverpool, Nottingham City, Leicester City, and few regions in Manchester.

We published an article on the landlord licensing scheme on our blog last November. Landlords should keep abreast of regulations affecting them or risk being penalised by the UK government. To find out about the scheme in general, take a look at first blog here: https://csiprop.com/landlord-licensing/. CSI Prop looks forward to continously keeping our readers and investors updated on the latest happenings in the Australian and UK housing markets. For a detailed list of the changes to HMOs, scroll down to the sources below. 

By Noorasikin Ali

Source:

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Construction Update – Phoenix Place (May 2018)

On behalf of the developer, we present updates as at end May 2018 from the construction site of Phoenix Place in Liverpool, UK. Kindly click on the image below to scroll through and read the update.

FLASHBACK: Phoenix Place

Phoenix Place offers the ultimate in contemporary purpose built student accommodation in Liverpool. Sited on Iliad Street, these studio and en-suite apartments are within walking distance of all of main university establishments and Liverpool City Centre, built as part of ongoing regional development in the area. The amenities within the immediate vicinity of Phoenix Place offer everything students need to make the most of student life. These include a fully equipped sports centre, gymnasium and swimming pool, the historic Greatie market and a large Sainsbury’s supermarket.

And whilst there’s plenty to do and see nearby, for those who wish to travel further afield, there is also easy access to the main routes out of Liverpool via road and public transport. This includes the Lime Street Train Station and the National Bus Depot which are less than a mile away.

Phoenix Place Investment Highlights

  • 9% nett yield
  • 5 years rental assurance
  • Fully managed
  • Fully furnished studio & en-suite apartments
  • Walking & cycling distances to main universities, city centre & amenities

Phoenix Place Location Highlights

  • John Moores Byrom Street Campus – 9 mins walk
  • Liverpool Hope University Creative Campus – 11 mins walk
  • Lime Street Train Station – 16 mins walk
  • Sainsbury Supermarket (due to open in 2017) – 8 mins walk
  • University of Liverpool – 7 mins cycling
  • Liverpool Town Hall – 8 mins cycling
  • Royal Liverpool University Hospital – 7 mins cycling


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260 (MY) 3163 8343 (SG)