Accountancy and advisory firm Baker Tilly Mooney Moorehave issued the following warning: HMRC targets short-term landlords over unpaid tax Airbnb and Booking.com hosts must report rental income to HMRC. HMRC is reminding customers who own short-term letting properties...
Tax & Other Financial
Rent arrears reducing
The proportion of landlords experiencing tenants in rental arrears has fallen to its lowest level since this data was first recorded in 2017, research undertaken on behalf of Paragon Bank has revealed. A survey of over 750 landlords, carried out by market researcher...
Survey shows nearly half of landlords will expand their portfolios
Survey shows nearly half of landlords will expand their portfolios A quarterly survey by specialist finance firm Landbay shows that 42% of landlords say they will purchase additional property in the next 12 months, and 79% state they will not sell any existing units....
EWS1 (or equivalent) lender data on mortgage valuations for flats
Information on the number of EWS1 forms (or equivalent) that have been required, as reported by 7 major lenders in the United Kingdom, can be seen here.
Live tables on rents, lettings and tenancies
The Government has just realeaed the following data: Table 600: numbers of households on local authorities' housing waiting lists, by district, England, from 1987 Table 602: local authority owned dwellings let by local authorities, England, from 2000 Table 702: local...
Social Housing Rent Standard – April 2023
The Government has said it will impose a 7% rent ceiling to social housing rent increases in the 2023-24 financial year as a temporary measure amid the cost of living crisis. Detailing the plans in a response to a consultation it conducted on the policy, the...
National non-domestic rates collected by councils in England: forecast for 2023 to 2024
The Governemnt have released data on the forecast of non-domestic rating income due to local authorities in 2023-24, including data relating to the amount of business rates reliefs forecast to be given to businesses. One authority has not yet returned the NNDR1 form,...
Housing Market: Key Economic Indicators
The House of Commons has just published its regular report data regarding key indicators in the PRS. It can be seen here, and says: House prices, as measured by the UK House Price Index, increased by 9.8% between December 2021 and December 2022. On a seasonally...
Government have made bad housing decisions over the years
John Muellbauer, economics professor at the University of Oxford and a former government adviser has written a report for the Organisation for Economic Co-operation and Development (OECD) on the case for overhauling the property tax system and replacing stamp duty and...
Over half of tenants reported struggling with their housing costs.
A recent report by the Resolution Foundation used data from a new YouGov survey of 10,470 UK adults to examine how the cost-of-living crisis is affecting people’s ability to meet their housing costs, how it varies across tenure, and the implications for households’...
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According to a report in The Sunday Times, the upcoming Budget is expected to include a £300 million tax increase...
Tax man admits mandatory digital tax will cost landlords more
The government's confirmation of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) brings both...
What is happening to rents?
Lettings agency Hamptons believe that rents have peaked. Their latest data reveals some interesting trends in the...