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Watchdog says that ground rents not legally or commercially necessary

by peter littlewood | Mar 18, 2024 | Leasehold

The Competition and Markets Authority (CMA) says government may have to step in to protect leaseholders, as thousands in England and Wales remain trapped in contracts Government Consultation and Potential Caps: The government, led by Housing Secretary Michael Gove, is...

Landlord MPs leave Gove’s rental reform bill ‘close to collapse’

by peter littlewood | Mar 18, 2024 | Industry News

The Telegraph is reporting the potential ramifications of the Renters Reform Bill, with insights from landlord MPs, industry experts, and stakeholders. The article can be read here (subscription may be necessary) and in summary says:: Overview of the Renters Reform...

Landlords get lower CGT but may have higher exit costs

by peter littlewood | Mar 18, 2024 | Tax & Other Financial

Landlord Knowledge has published an article pointing that lower Capital Gains Tax might be offset by high exit fees. The article can be seen here, and discusses the implications of a reduction in capital gains tax for landlords in the UK, starting from April 6, 2024....

Landlords capital gains tax bills jump £1,600

by peter littlewood | Mar 18, 2024 | Tax & Other Financial

Mortgage Finance Gazette are reporting how the recent changes to capital gains tax and their impact on landlords, alongside insights into rental market trends. The article can be seen here, and in summary: Changes to Capital Gains Tax: The annual capital gains...

English Housing Survey: local authority housing stock

by peter littlewood | Mar 17, 2024 | Industry News

The Government has released details of local authority housing stock.  It can be seen here.  It states that approximately 15% of occupied properties in England were non-decent in 2020-21, and 9% had a HHSRS Category 1 hazard. Then provides detailed statistics...
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