House prices slump. The most recent Nationwide House Price Index report shows that in January 2023, annual house price growth slowed to 1.1%, down from 2.8% in December 2022. House prices have fallen for five months in a row, with January seeing a monthly fall of 0.6%.
Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) was due to be phased in from April 2024. However, on 19 December 2022, the government announced a delay. In addition, the previously announced £10,000 threshold for self-employment and property income has been raised, as detailed below.
Thousands of Brits to get home insulation grants The "Eco Plus" scheme, announced recently by the government, will provide insulation grants to thousands of households across the UK. It is...
Sharpest house price fall in two years The average house price in the UK fell at the sharpest pace since early 2021, according to figures from Halifax. Prices fell by 0.4% in October, which was...
SDLT threshold changes In the UK mini-budget in September, the government announced that it would increase the threshold at which SDLT must be paid on the purchase of residential properties in...
Liz Truss states that landlords have been treated unfairly Our new prime minister, Liz Truss, has publicly stated that she believes landlords were unjustly treated by previous governments and...
Rents have grown at the fastest rate in 16 years New research published by the online real estate portal, Rightmove, has revealed that rental prices have grown at their fastest yearly rate in...
Variable rate mortgages causing buy-to-let profits to plummet Variable rate mortgages are becoming increasingly popular in the UK. However, as interest rates rise, so do mortgage payments. This...
Will taxing landlords at the source become the norm? Under a proposed new scheme aimed at reducing rental fraud, letting agents and property websites would collect and report tax on behalf of landlords. This proposal has been met with firm opposition by finance professionals and landlords.
Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. Regulation of the Private Rented Sector In April,...