URS buys LopezGarcia GroupA San Francisco company has purchased LopezGarcia Group Inc., one of Dallas’ most recognizable engineering firms. (URS)
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</div>SF Health Plan appoints new medical directorSan Francisco Health Plan, which provides coverage to low and moderate-income San Franciscans, has named Dr. Kelly Pfeifer as its medical director.
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</div>Chevron drops NASCAR sponsorshipOil company Chevron Corp. will stop sponsoring a NASCAR team through its Texaco and Halvoline brands at the end of this season. (CVX)
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</div>
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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