If you are a landlord and own any properties in the Nottingham City boundary, then you need to be ready for the new Selective Licensing Scheme which is being introduced by Nottingham City Council.
All landlords need to be ready to comply with the requirements by 1st August 2018. We wanted to give some information about the scheme so that you can get ready for the implementation date.
The scheme has been introduced by Nottingham City Council to try and raise the standards of privately rented property within Nottingham. They want to ensure that all tenants have a safe, comfortable and well-managed home to live in. From 1st August 2018, it will be a legal requirement for all landlords to have a license.
To find out if your property is within the boundary of Nottingham City you can click on this link and add your postcode to check.
The selective license for landlords is valid for five years.
If you do not already have accreditation, then it is worth considering this to help reduce the cost of the license and to ensure that your properties are at a high standard. To register for an accreditation visit these websites: DASH or Unipol.
To find out more about Selective Licensing in Nottingham visit the Council website there are resources and practice guides for you to look at. You can't pay for the license yet. There will be an online portal set up so keep an eye on this website.
If you are a landlord and you would like any advice on tax rules for rental properties, please do get in touch with us by calling 01623 490120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
Call us today on01623 490120
or email info@watsonk.co.uk
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