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Property For Rent

Viola Said:

What type of referee do you need to rent property?

We Answered:

Not really - its an unknown world to you!!

Right - a referee stands as an additional credit reference to you - probably because your earnings aren'y enough or you are either very young or not been employed with years and years. There supposed role is to be able to pay your rent if you can't, so they have to have a good source of income and be deemed reliable.

Stella Said:

Is it possible to rent property short term (up to 2 or 3 months) here in the UK?

We Answered:

Yes as a matter of fact. The state will pay for a room at
Scotland Yard for up to 3 months and sometimes beyond.

Felix Said:

What "br" stands for in the property rent ads?

We Answered:

I thought it stood for bedroom.

Marion Said:

Taxes on Capital Gains from sold rent property?

We Answered:

No!! None of those things are possible. Also you will have more gain than the difference between 95k and 55k. For each of the years that you have been renting the property you have or could have taken depreciation. The total of that depreciation will decrease your basis in the property and increase the taxable gain. Determining the proper gain on a rental property can be difficult. There are a number of other issues that may effect the gain. You may wish to ask a tax professional to do this years return.

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There are a number of other issues that may effect the gain. You may wish to ask a tax professional to do this years return.