Comments on: Is it best to register as a business to let out lodges in my garden to students. http://kitchen-appliances-pro.com/2008/07/23/is-it-best-to-register-as-a-business-to-let-out-lodges-in-my-garden-to-students/ Kitchen-Appliances-Pro.com Sat, 19 May 2012 05:03:08 +0000 http://wordpress.org/?v=2.5 By: Pool Guy http://kitchen-appliances-pro.com/2008/07/23/is-it-best-to-register-as-a-business-to-let-out-lodges-in-my-garden-to-students/#comment-600 Pool Guy Tue, 30 Nov 1999 00:00:00 +0000 http://answers.yahoo.com/question/?qid=20080722051323AAt5YFo#comment-600 Dunno, but. You will need public liability and indemnity insurance, and may want protection from civil law suits which may cost you your house. If your house produces income then you will have to pay capital gains tax on it when you sell. Talk to an accountant, 20K is not much turnover for a business and you may find the costs outweigh the benefits Dunno, but.
You will need public liability and indemnity insurance, and may want protection from civil law suits which may cost you your house.
If your house produces income then you will have to pay capital gains tax on it when you sell.
Talk to an accountant, 20K is not much turnover for a business and you may find the costs outweigh the benefits

]]> By: Chewbydoo http://kitchen-appliances-pro.com/2008/07/23/is-it-best-to-register-as-a-business-to-let-out-lodges-in-my-garden-to-students/#comment-601 Chewbydoo Tue, 30 Nov 1999 00:00:00 +0000 http://answers.yahoo.com/question/?qid=20080722051323AAt5YFo#comment-601 I think you have to register if you are a landlord nowadays. Worth checking with Inland Revenue to keep yourself right. I think you have to register if you are a landlord nowadays. Worth checking with Inland Revenue to keep yourself right.

]]> By: Patrick S http://kitchen-appliances-pro.com/2008/07/23/is-it-best-to-register-as-a-business-to-let-out-lodges-in-my-garden-to-students/#comment-602 Patrick S Tue, 30 Nov 1999 00:00:00 +0000 http://answers.yahoo.com/question/?qid=20080722051323AAt5YFo#comment-602 Hi There, Good Post. I love everything about business, escpecially the marketing and advertising parts. These things make or break a business. I’ve found many ways to advertise my business that might help you. If you have a website, try SEO and PPC (pay per click from Google Adwords). If you advertise your business offline, try handing out flyers, printing coupons, and yellowpage advertising). The best method I’ve found yet is to buy business cards and hand them out everwhere. I buy them from a place online that gives the cards for free and only charges for shipping and handling. I hand these out to everyone I meet, and I leave them on cars where ever I go (I also got a free business card holder that looks really impressive). http://www.free-bis-cards.info Take care and good luck with your business. Hi There,

Good Post. I love everything about business, escpecially the marketing and advertising parts. These things make or break a business. I’ve found many ways to advertise my business that might help you. If you have a website, try SEO and PPC (pay per click from Google Adwords).

If you advertise your business offline, try handing out flyers, printing coupons, and yellowpage advertising).

The best method I’ve found yet is to buy business cards and hand them out everwhere. I buy them from a place online that gives the cards for free and only charges for shipping and handling. I hand these out to everyone I meet, and I leave them on cars where ever I go (I also got a free business card holder that looks really impressive).

http://www.free-bis-cards.info

Take care and good luck with your business.

]]> By: Rosemary P http://kitchen-appliances-pro.com/2008/07/23/is-it-best-to-register-as-a-business-to-let-out-lodges-in-my-garden-to-students/#comment-603 Rosemary P Tue, 30 Nov 1999 00:00:00 +0000 http://answers.yahoo.com/question/?qid=20080722051323AAt5YFo#comment-603 Your best bet is to talk with an accountant to work out the most tax efficient way of setting up. If you have a mortgage on the property, you may have to clear it with the company about using the premises for business, even if you’re building separate accommodation. There are tax advantages to running it as a company. You can get capital allowances for setting up your lodges. As an individual letting out accommodation, there are allowances towards repairs and maintenance. If you’re in the UK, it’s worth talking to Business Link about starting up. They have contacts with accountants who can give you the advice you need. Good luck. Your best bet is to talk with an accountant to work out the most tax efficient way of setting up. If you have a mortgage on the property, you may have to clear it with the company about using the premises for business, even if you’re building separate accommodation.

There are tax advantages to running it as a company. You can get capital allowances for setting up your lodges. As an individual letting out accommodation, there are allowances towards repairs and maintenance.

If you’re in the UK, it’s worth talking to Business Link about starting up. They have contacts with accountants who can give you the advice you need.

Good luck.

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