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How Holiday Lets Can Keep Property Tax Bills Down

How Holiday Lets Can Keep Property Tax Bills Down

Landlords facing financial hardship when new mortgage interest finance rules slash their tax relief over the next few years could find a solution by switching to holiday lets. (more…)
Nine April 2016 tax changes you need to know about

Nine April 2016 tax changes you need to know about

April 6 – the start of the 2016-2017 tax year is a big day for tax with a number of new measures covering pensions and earnings affecting landlords taking effect. (more…)
Saving Tax With Wear And Tear Allowances

Saving Tax With Wear And Tear Allowances

Landlords can save tax with changes to the way Wear and Tear Allowance is claimed that are due in April by holding off on spending money on replacing furniture, white goods and other items supplied to tenants. Current rules only allow buy to let landlords renting out furnished homes to reclaim the costs of replacing moveable items at a home ...
Claims Of 100% Returns Held To Be Misleading

Claims Of 100% Returns Held To Be Misleading

A property firm’s advertising claiming investors could make gains of up to 100% in 18 months on homes in London’s fashionable Docklands was declared as misleading by consumer watchdogs. The Advertising Standards Authority has order Newbuild Sales Ltd to change their advertising and to include an explanation to potential investors that ...
Rent Smart Wales Announces First Approved Training Providers

Rent Smart Wales Announces First Approved Training Providers

The Guild of Residential Landlords has been approved as a training provider for Rent Smart Wales! Rent Smart Wales is the name given to the requirement to register and licence when renting property in Wales. From 23 November 2015, landlords and agents have 12 months to comply with the new legislation before it becomes an offence to let or ...
Councils Want National Blacklist Of Bad Landlords

Councils Want National Blacklist Of Bad Landlords

Local councils want more powers to crack down on bad landlords who are dodging bans on letting out unsafe homes. The Local Government Association (LGA) claims landlords convicted of housing offences are simply moving to another council area to carry on offering substandard accommodation because councils have no way of keeping track of ...
Buy To Let Has A Gloomy Future, Claim Mortgage Lenders

Buy To Let Has A Gloomy Future, Claim Mortgage Lenders

Buy to let has an uncertain future thanks to tax and mortgage changes, according to mortgage professionals. Landlords have come under attack from the Bank of England governor Mark Carney and Chancellor George Osborne, who both fear buy to let is undermining the property market. Osborne is concerned wealthy landlords are outbidding first time
HMRC Outlines Plans For Pay-As-You-Go Tax Bills

HMRC Outlines Plans For Pay-As-You-Go Tax Bills

The tax man wants banks and building societies to hand over information about rent payments made to buy to let landlords as they are paid as part of a ‘big data’ expansion. Although financial institutions and letting agents already have to make annual returns about buy to let transactions, HM Revenue & Customs (HMRC) claims the data does ...
Tax Changes Trigger Buy To Let Mortgage Stampede

Tax Changes Trigger Buy To Let Mortgage Stampede

A buy to let lender say tax changes announced by Chancellor George Osborne has set off a stampede for corporate borrowing. From April 2017, landlords paying tax at a higher rate will start to lose mortgage interest relief and see a new way of working out tax on rental income rather than profits. Buy to let mortgage lender Kent Reliance says ...
Landlords Urged To Weed Out Cannabis Farms

Landlords Urged To Weed Out Cannabis Farms

Landlords and letting agents are in the front line of weeding out cannabis farms as criminal gangs increasingly turn rented homes and commercial properties into drug factories. Police are increasingly calling on landlords to regularly inspect their rental properties to catch the gangs. Drugs squad police are regular visitors to landlord ...