Search results

Thanks for all the replies.....some interesting views on the subject. Not sure I'd agree with this being classed as a stick up on the new owner......caveat emptor & all that. The vendor's solicitor should have made the relevant checks as part of the conveyancing. The reality is however, that...

I'm a Director of an OMC for an estate & like many other posters on this forum have inherited the thankless task (along with my fellow Director) of collecting Service Charges. Thankfully the common areas were taken in charge by the local Council, so really we only need to collect a very modest...

@Georgetown, From what I have learned since becoming a director of our management company, there is a need for the existence of a Ltd. Company in order to retain "good title" to the common areas, especially if the management company is explicitly mentioned in the deeds to each person's...

Lantus you are probably correct about the differences between an actual Mgt Co. & just a Ltd. Co. Our accountant always advised us that we could legally pursue payment or impose fines for late payment, but in reality the treat of a fine doesn't scare people who haven't already paid the...

Hi Joe_90, Thanks for taking the time to reply, your advice is greatly appreciated. I'd need to look at the deeds to my house to see if there is any reference to the Mgt Co. At a guess there might be reference to "a" Mgt Co. but not the exact one in operation, since it wouldn't have be in...

I am the director (along with 1 other person) of the management company for our estate, which comprises of approx. 80 houses (no apartments). The management company has existed since the developer signed over the title of the common areas on completion of the estate about 4 years ago. Luckily...

Thanks to everyone who replied, the knowledge on this forum is incredible. Our TRS for the mortgage interest relief equates to about 75pm as of the last tax certificate received from the Revenue in Dec 2012. I'll need to check the figures to see what the difference is in terms of calculating...

Hi - this is my first post on Askaboutmoney.com so apologies if I'm asking something which has been answered many times already. I did browse the various threads first, but I'm still a bit confused as to whether our circumstance qualifies for taxable rental income, mainly becuase we won't be...