Tax & Other Financial

Writing in Landlord Today, Richard Rowntree Managing Director of Mortgages at Paragon Bank, comments on the impact of Section 24 on landlords now that it is fully implemented, and at the the time interest rates have risen. The article can  be seen here, and points out...

Data shows a significant increase in cases of buy-to-let arrears over the past year, based on analysis from Octane Capital. Here are the key points: Arrears Doubling: Cases of buy-to-let arrears have doubled in a single year, reaching a record high of 11,540 in the...

Nationwide data shows the state of the UK housing market in November, highlighting a third consecutive monthly increase in house prices. Here are the key points: Price Increase: House prices in the UK rose by 0.2% in November, marking the third consecutive monthly...

HMRC (Her Majesty's Revenue and Customs) have started a major crackdown on tax avoiders, focusing on the self-employed and individuals earning extra income through side hustles. Here are the key points: Crackdown Scope: Starting from January 1, HMRC will target tax...

The latest Nationwide survey showed that house prices unexpectedly rose again last month. House prices were up 0.2% on the month following a 0.9% increase in October. This was the third monthly rise in a row and ahead of expectations for a 0.4% decline. On the year,...

Whilst he announced uprating of the Local Housing Allowance (LHA) to the relief of many, the Capital Gains Tax (CGT) allowance was more than halved in the new tax year to £6,000, however from next year it will be reduced again by £3,000. Samuel Gee at Manning Gee...

Shawbrook Bank have surveyed more than 1,000 residential landlords and found that 88% of portfolio landlords had grown their portfolios in the past six months.  See their report here. In it they found that: 88% of portfolio landlords have added to their portfolios in...

Tax Research has posted a blog on 'Why not use ISA and pension funding to replace buy-to-let landlords? The author, Richard Murphy, says ' For a long time, I have suggested that changes to ISA and pension laws could provide more than £100 billion of funding a year for...

Chestertons Estate Agency has issued a plea to the Chancellor, Jeremy Hunt to include Stamp Duty reform in his Autumn Statement. According to Richard Davies, COO of Chestertons, the government should indtroduce an exemption for those looking to downsize to a smaller...

RICS has published its latest UK Residential Market Survey, which can be seen here.  Previous ones can be seen here. They report that 'For agreed sales, the latest net balance of -25% remains consistent with generally weak activity levels over October. Even so, this...