News

Each year, there are a number of new buy-to-let tax changes landlords should be aware of. And with 35 per cent of landlords saying rising taxes are one of their greatest challenges, according to Simply Business research, it’s crucial to keep up to date with the latest tax rules so you can manage your finances accordingly….

Reassurance for Landlords about Upcoming Legislation Changes

The housing market has recently faced a series of challenges, with negative news affecting house prices, mortgage approvals, and transaction volumes. According to Nationwide’s monthly property index, house prices experienced a 0.1% month-on-month decline in May. The annual rate of house price growth also decreased by 3.4%, compared to a 2.7% drop in April. This…

Multiple Dwellings Relief (MDR) allows a rate to be charged at the percentage payable on the ‘average value’ price should more than one property be purchased at one time, rather than on the total consideration. Multiple dwellings relief’ (MDR) allows a rate to be charged at the percentage payable on the ‘average value’ price (referred…

New Buy-to-Let tax rules 2021

Landlords could be hit by another massive tax raid, as the Office of Tax Simplification outlines its recommendations for an overhaul of Capital Gains Tax.

The government have announced plans to extend the compulsory digitalisation of tax to self-employed businesses and landlords over the next three years. Currently, companies with a turnover above £85,000 must submit their quarterly VAT tax return online following the rules of Making Tax Digital (MTD). As of April 2022, this will extend to all VAT-registered businesses with…

Caution advised for Hong Kong buyers in UK.

Andrew Rosindell MP of Romford has introduced a “Jasmine’s Bill” to outlaw pet discrimination by Landlords. The Jasmine’s Bill will receive its second hearing in Parliament on 29th January.

Stamp duty holiday: what it means for first-time buyers, home movers and landlords. Tax cut means movers and investors could save up to £15,000 until March 2021 Stamp duty thresholds across the UK are being raised until March 2021 as the government looks to spark the housing market into life in the wake of the…

The Government has extended its ban on evictions by four weeks. By this date, no legal evictions would have taken place for six months. The Government also announced that landlords will have to give tenants six months’ notice if they intend to seek possession of their property, except in cases that involve serious issues such as…

Chancellor of the Exchequer, Rishi Sunak, has announced a stamp duty holiday for homebuyers starting on the day of announcement on Wednesday 8th July until 31st March 2021, meaning any purchase up to £500,000 will be exempt from paying any tax.  See the full data set for stamp duty savings at local authority level below….

After weeks of pressure from tenant campaigning groups to extend the evictions ban past 25th June, Secretary of State for Housing, Robert Jenrick has now confirmed that tenants cannot be evicted until after August 25th. Secretary of State for Housing Robert Jenrick tweeted the news on 5th June, saying that: “We have provided an unprecedented…

The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 came into force on 1 June 2020 and require five-yearly inspections of electrical installations and inspection reports to be supplied to tenants. The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 came into force on 1 June 2020. The new regulations will…

Earlier today the ministry revealed that home owners could apply for mortgage holiday for a further four months, but has now told LandlordZONE that this is to include buy-to-let loans. HM Treasury has confirmed that its mortgage holiday extension for home owners announced early this morning is to also include landlords with buy-to-let loans. None of…

Content Landlord Responsibilities Long-term flexibility and security Choosing the right property Knowing your responsibilities Calculating Tax Tax on your income if you live abroad When tax is not due or is already deducted When to report your income to HMRC Sending a Self Assessment tax return If you’ve overpaid Stamp Duty Land Tax Choose your tenants…

People who are in the process of selling their house and moving to a new home as the UK continues to tackle the transmission of Coronavirus, are left asking ‘What now?’’

The best agent for you is the agent that you can trust to guide you through the process. Not ‘all agents are the same’, because we are individuals and we do not perform the same.

In the space of a few weeks, the Coronavirus has made a major impact on society leaving most of the population vulnerable, not only for their health but also financially. For renters, homeowners and landlords alike, the next few months are going to be difficult and the Government and major businesses have committed to help…

How will Covid-19 impact UK house prices

The Ministry of Housing helps to clarify some concerns and myths for the private rental sector during this unprecedented time of CoronaVirus.

The rising cost of living is already altering tenant and landlord behaviour, as Ben Tyers, Business Development Manager at Vouch, explains. The pandemic pushed tenants and landlords to adapt their behaviour, causing an uptick in payment plans being agreed, an initial dip in tenant movement, and a rise in the popularity of larger properties outside cities. Once…

The challenges posed by Covid-19 has left few markets with much to celebrate over the past 18 months. Naturally, countries everywhere have seen vast recessions which have halted short-term investment and placed under severe doubt long-term growth plans.  It is notable that while every country in the world has had its own set of unique…