LinkedIn CEO out, founder to take overLinkedIn founder Reid Hoffman has retaken the reins of the fast-growing online social network for professionals and Dan Nye, the man Hoffman recruited for the job in 2007, has resigned, the company said Wednesday. Kaiser ???biobank??? lands $8.6M grantKaiser Permanente won an $8.6 million award from the Robert Wood Johnson Foundation to develop a biobank of genetic, environmental and health data that could be used to study genetic and environmental factors in heart disease, cancer, Alzheimer’s and more. Apple ordered to end French iPhone dealApple Inc. has been told by French officials that its exclusive deal to sell iPhones through France Telecom SA violates antitrust laws in that country. (AAPL) Global Asset Capital ups bid for MMC EnergyGlobal Asset Capital has raised its offer for MMC Energy Inc. to $2 per share, valuing the company at $28 million. (MMC)
Your occupier cannot stay for more than 31 days in any 7 month period.
* Lets must be at the full market value. This means letting your
cottage to family for £2 a week will not count.
And holiday lets must be (both):
* Short term lets of not more than 31 days.
* The only lets over a period of at least seven months.
Your income from you holiday let is subject to income tax, but you can off-set expenses for example:
* Repairs and maintenance.
* Decorating.
* Heating & lighting.
* Legal and letting agent's fees.
* Management fees and cleaning costs.
* Insurance.
* Mortgage interest payments.
If you make a loss, you can off-set this against your other income to reduce your tax bill. You can avoid paying capital gains tax on the sale of the property if you roll-over the income within 3 years to another holiday letting property.
There are other advantages, and as stated before, take professional advice before heading into holiday letting. There are many mortgages available for the buy to let market and spending some time with a well regarded mortgage advisor would be in your best interest
Article Source: http://www.article-matrix.com
Written by Jamie Hibbert the webmaster of Holiday cottage Cornwall A successful online holiday accommodation resource covering Devon and Cornwall.
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