Property Landlords News – November
Record number of landlords intend to buy via a limited company 74% of the landlords who intend to buy property in the next year said that they would do so using a limited company structure. This...
Record number of landlords intend to buy via a limited company 74% of the landlords who intend to buy property in the next year said that they would do so using a limited company structure. This...
Record number of landlords intend to buy via a limited company 74% of the landlords who intend to buy property in the next year said that they would do so using a limited company structure. This...
VAT on ‘Rent to Serviced Accommodation’ Supplies - In a recent case, the First Tier Tribunal ruled that supplies of leased apartments in the UK that were then let out as holiday accommodation were subject to the Tour Operators’ Margin Scheme (TOMS).
House price affordability - In the largest fall in house prices since 2011, prices fell by 2.6% in the year to June 2023, meaning the average UK house price fell by £7,500.
The Renters Reform Bill, published on 17 May promises increased protections for renters. The Bill is making its way through Parliament, and now that the dust has settled, we can consider why the Bill is of concern to various parties.
The Renters Reform Bill, published in June 2022, set out proposals to be legislated, which will change the way in which the relationship between landlords and tenants will work. The bill only applies in England.
Regulation for short-term lets in England. The Government has published two consultations, both of which are aimed at regulating the short-term letting industry.
Costly EPC upgrades From 1 April 2023, the new Minimum Energy Efficiency (MEES) regulations will come into effect, meaning it will not be legal to let a property with an Energy Performance...
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.