PAULA PRESENTS GOLD MEDAL AFTER BELVOIR’S AWARD WINNING RUN

World champion marathon runner, Paula Radcliffe, MBE has presented local property lettings specialist, Belvoir, with another long running Gold medal of its own – following its record sprint in the industry’s top award scheme.

The nationwide Belvoir franchise, which offers its multi award winning property management service from a local office at Bridge Street in Andover was named ‘Best Franchise Lettings Agency of 2015’ – for the fourth year running – in the UK’s Letting Agency of the Year Awards. It also scooped the same award in 2010, making it a five times winner overall.

Greg Greatbatch, who co owns Belvoir Andover  said: “ I am sure this is an unprecedented run of success in what is widely recognised as the toughest award scheme in our industry.

“My staff and I are thrilled and extremely proud with the achievement – and it is a reflection of the hard work that goes into maintaining the highest of standards of service provided for our local landlord, tenant and buy to let property investor clients.” 

Run in association with the Sunday Times and Times, and sponsored by Zoopla, this year’s awards were staged at the Lancaster London Hotel.

In citing Belvoir as the Gold winner, a distinguished judging panel of leading property experts, said: “Belvoir is perpetually successful in this category, due in part to its continual investment in its audit team, which keeps standards consistently high, but also because of the outstanding support and training given to franchise owners which helps them to grow successful businesses.”

    

Belvoir, which has over 160 offices in its UK network, celebrates its 20^th anniversary this year and Co owner Phil Pinkney, said: “This is a huge tribute to the Belvoir Andover team, who uphold all the exacting standards and brand values of our business and I offer them my warmest congratulations.

“These awards are the longest running in the industry and were set up to recognise and reward best practice in our industry. This year the judging and scrutiny of all entrants was more robust than ever and we are incredibly proud to have been honoured once more for the service we provide.

Phil added: “We know that all local landlords and tenants in our area have a wide range of choices, so we go all out to provide them with a fully rounded property management service designed to exceed their expectations and provide them with the very highest level of customer service and care.

“I would like to thank all of our staff, clients and suppliers for their continued support of our business and for helping us to set a new record by winning this prestigious national honour, yet again.” 

If you are looking for award winning lettings & landlord services in Andover, Ludgershall, Whitchurch, Tidworth or the surrounding areas, please contact us to see what we do differently to all the rest.

Tel. 01264 366611

Email: info@belvoirandover.com

New Property Tax Law That Affects Non UK Residents

If you buy UK residential property but are a tax-resident outside of the UK, you need to be aware of a new tax that came into effect on 6 April 2015: non-resident CGT (NRCGT).

The NRCGT charge is applied at different rates according to whether the seller is a non-resident closely-held company, fund, individual, personal representative or trustee. It applies to gains made in the period from 6 April 2015 to the disposal date of the property, so a small amount of tax is likely to be payable on property sales made in 2015/16.

However, when such a sale is made a NRCGT return must be submitted to HMRC within 30 days of the conveyance of the property, and this must be done online. The return must be made whether there is any NRCGT to pay or not, where there is a loss on the disposal, and even where the taxpayer is due to report the disposal on their own personal or corporate self-assessment tax return.

Where the vendor is not registered for UK income tax, corporation tax or the annual tax on enveloped dwellings (ATED), the NRCGT charge must be paid within 30 days of the conveyance date. This payment can only be made once the NRCGT return has been submitted and HMRC have replied with a reference number to use when making the payment. There are penalties for failing to file the NRCGT return on time, and failing to pay the tax on time.

If the taxpayer is registered for UK Self-Assessment they can opt to pay the NRCGT due at the same time as the tax due for their normal personal or corporate tax.

Conveyancing solicitors need to be aware of the very tight tax reporting and payment deadlines. Property developers need to warn non-resident customers that they will be liable to tax on any gain made when they sell the residential property and that gain includes any discount in the price achieved by buying "off-plan".