Tax & Other Financial

As you are aware, iHowz don't give tax advice, but we can point you at an excellent article in the Investors' Chronicle - see here (subscription may be necessary).

The UK housing market showed signs of deceleration in May, with the ONS' official house price index reported a 1.9% annual increase in house prices, down from the revised 3.2% growth recorded in April. The average price of a house was now pegged at £286,000, a £6,000...

If you are an agent letting a property to a non-resident landlord, you need to see this announcement. A new manual can be seen here, and says: A letting agent is generally a person who: has a ‘usual place of abode’ in the UK, and acts for a non-resident landlord (NRL)...

The Government has published a manual on property income received by non-resident landlords. It can be seen here, and is where the  property is located in the United Kingdom (UK) then any income generated from it is charged to tax in the UK. This applies even if the...

The Telegraph is running an article on the dangers for tenants who challenge a Section 13 notice - a legal notice to increase the rent. It can be seen here (subscription may be necessary) and states ' An analysis of 30 tribunal cases in the second quarter of this year...

The Bank of England’s latest Financial Stability Report warns of the chaos to come as landlords are hit with the double whammy of higher interest rates and both tax and regulatory changes, stating that landlords who rely on finance to keep their portfolios afloat will...