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Chancellor targets holiday lets in £300m tax crackdown

Chancellor Jeremy Hunt is expected to announce a £300 million tax crackdown on second-home owners who rent out their properties to tourists in the Budget, The Sunday Times reports.
He will scrap a series of tax breaks for landlords who use the furnishe…

Starmer backs ‘landlady’ Angela Rayner over council house row

Labour leader Sir Keir Starmer has publicly backed his deputy Angela Rayner, who is facing scrutiny over the sale of her former council house and the tax implications.
Ms Rayner, who bought the property under Margaret Thatcher’s right to buy scheme

NRLA calls for more rented homes to meet growing tenant demand

The National Residential Landlords Association (NRLA) is urging the Government to address the growing gap between the demand and supply of private rented housing, as new research shows a sharp rise in tenant enquiries.
According to an NRLA survey

Scottish property tax revenues soar

The Scottish Government collected more than £600m from property taxes in the last year, a leading property firm has revealed.
DJ Alexander Ltd, the country’s biggest lettings and estate agency, analysed the latest statistics and found that Land a…

Landlords fear rising costs and rent arrears in 2024, survey reveals

The top worries for landlords in 2024 have been revealed in a survey which found that rising mortgage payments and interest rates are the number one concern.
Molo, a digital mortgage lender, asked landlords to select their biggest worries from a list o…

1.6 million renters to get more housing support from April

Around 1.6 million private renters on low incomes will see their housing support rise from April, as the government increases the Local Housing Allowance (LHA) by an average of £800 a year.
The LHA is the maximum amount of housing benefit or Universal …

BTL landlords are facing a shocking 80% rise in borrowing costs

Buy to let landlords with mortgages will struggle to break even in the next two years with their borrowing costs soaring by an anticipated 80% as they remortgage after enjoying historically low fixed rates.
That’s the verdict from the Intermediar…

One in three landlords are planning to incorporate

A third of landlords who own rental property in their personal name are planning to switch to a limited company structure in the next three years, research reveals.
Paragon Bank says it surveyed more than 1,000 landlords and also found that 37% said it…

45 Minutes with Mark Alexander on The HMO Podcast

The founder of Property118, Mark Alexander, recently appeared on The HMO Podcast to share his 36 years of experience in property, finance tax and law.
The podcast is entitled: ‘Building A 7-Figure Property Business, Tax Planning, And The Future O…

Number of UK’s unincorporated landlords rises to 2.82 million

The number of unincorporated landlords in the UK’s private rented sector (PRS) has increased to 2.82 million in 2021 to 2022, according to new data from HM Revenue and Customs (HMRC).
The data, based on Income Tax Self-Assessment (ITSA) returns

Rental market frenzy: Tenants face 25 enquiries per property

The rental market in the UK is experiencing a frenzy of activity, as letting agents report an average of 25 enquiries from prospective tenants for every property on offer.
And the chief executive of the National Residential Landlords Association (NRLA)

HMRC issues a spotlight article on hybrid partnerships

We have written many articles about Hybrid LLP’s and how they have been abused.
We also offered to help those who had fallen for a Hybrid LLP sales pitch to come clean with HMRC and correct matters before HMRC came knocking at their door.

Scottish property tax hits record high per sale in August

Scotland’s property tax revenues reached a new record high per transaction in August 2023, according to an analysis by a leading property firm.
Scotland’s largest lettings and estate agency, DJ Alexander, says the Scottish Government collec…

Is the landlord exodus as bad as everyone thinks?

We all hear about the landlord exodus but just how bad is it?
New figures from the Office for National Statistics (ONS) and estate agents Hamptons reveal that the trend of landlords selling up hasn’t been as big as many people believe.

Call for government action as landlords choose to sell up

The UK’s rental market is facing a crisis as many landlords are choosing to sell their properties due to new legislation, economic uncertainty and tax changes, a legal expert warns.
Gina Peters, the head of landlord and tenant at law firm Dutton …

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