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…

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…

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…