What are Vacant Building Credits and how do they benefit you.

Vacant Building Credits (VBC) apply to all buildings that have not been abandoned, and that you have not made vacant, that is:- 1. Brought back into use or 2. Demolished to be replaced by a new building. 3. That are commercial to residential conversions The developer receives a credit equivalent to the existing gross floor space … Continue reading What are Vacant Building Credits and how do they benefit you.

Book recommendation – “Money – Know more, make more, give more” by Rob Moore

This is the first post after a long summer break but what a way to start beck. I first downloaded this book on Audible when the audio version was released in late July and was instantly blown away by the content. So imagine my excitement when the hard copy dropped through my door on it's recent … Continue reading Book recommendation – “Money – Know more, make more, give more” by Rob Moore

Dilapidation Receipts – Income or Capital?

Some tenants treat your property with great care, but some don't, and as the landlord you may be entitled to receive dilapidation payments from the tenant. Given the recent changes to the way that property income and expenditure are treated in your tax return it is extremely important to establish whether this payment is treated as … Continue reading Dilapidation Receipts – Income or Capital?