Tax & Other Financial

Holiday home owners will have their bank account details scraped by HM Revenue and Customs (HMRC) as part of a global tax crackdown. From January 2024, rental platforms, food delivery apps, freelance websites and others facilitating various “side hustles” (an extra...

Landlords grappling with tax returns have been given some advice - file them sooner, rather than later. Data analysed by business consultancy Hargreaves Lansdown shows that almost 250,000 people filed a self-assessment tax return in the first week of the tax year - up...

Following new Financial Conduct Authority (FCA) leasehold buildings insurance reforms, managing agents face the prospect of action from leaseholders, as new legislation outlawing the historic practices of managing agents in relation to insurance commissions gets...

Steve Smith, Chairman of PRS REIT, which has the largest portfolio of single-family rental homes in the UK [5,500], made the following comments in the company's year end report:. "The portfolio's outstanding asset performance to date demonstrates the continuing market...

Yields achieved by landlords letting to students have steadily increased from an average of 5.63% recorded in September 2020 to 6.66% in August 2023, according to new analysis by Paragon Bank. The research revealed that the greatest returns are often found in the UK’s...

The average UK house price fell by 0.4% in September, but it remains higher than the level recorded in the month that the Bank of England started its run of rate rises, according to the Halifax House Price index which can be seen here. On a month-on-month basis,...

HMRC has published its concerns about hybrid business models used by some landlords.  The publication can be seen here. If you believe you have set up a scheme described below, we recommend you get urgent independent advice on this matter.  Note that iHowz cannot give...

HSBC has become the first UK bank to offer newcomers to the country the chance to utilise their international credit history when applying for a credit card. When you move country, the credit history and positive credit score you've built up over time don’t come with...

Confused.com has analysed the average rental income by the average house price of different areas in the UK to reveal the areas with the highest rental yield. Areas in the UK with the greatest rental yield:  Rank Local authority Average rental yield Average house...