Tax & Other Financial

Second-home owners who 'pretend' to let their properties out to holidaymakers face a tax crackdown from Levelling Up Secretary Michael Gove. It has been reported that  Mr Gove is threatening to hit them with new bills which could run to over £1,000 a year, to stop...

This is Money has published an article claiming the recent changes to Capital Gains Tax (CGT) will cost an average of £2,600 more to landlords. The article can be seen here, and in summary says: Landlords will be hit by a capital gains tax raid from next year that...

House price growth slowed sharply in September also according to official data, adding to the deepening economic gloom. The ONS said UK average house prices increased 9.5% over the year to September, down from 13.1% in August and a high of 15.2% in July. Between...

Ahead of the Autumn Statement, landlords that HMRC suspect are not declaring their full rental income are being targeted with nudge letters suggesting the landlord review their tax position, warns tax adviser Kreston Reeves. The campaign comes amid rumours of a...

A ‘brazen’ tenant tried to sell his landlord’s house for over £400,000 just a fortnight after getting the keys. Andrew Smith, 41, has been jailed for two years and six months for the ‘almost unbelievable’ crime, for which he even rented furniture from a show home...

The Energy Bills Support Scheme and Energy Price Guarantee Pass-Through Requirement Regulations 2022 (the Regulations) came into force on 1 November 2022 and make clear that a landlord charging rent inclusive of energy bills must pass-on the benefit of the schemes to...

A survey on the broker forum showed that 28% of landlords are looking to sell their properties, and only 3% intend to purchase additional properties. Just over a quarter of landlords have no plans to alter their investments, while 39% of BTL investors say they will...

A number of buy-to-let landlords will be forced to either raise their rents to prevent their properties from being un-mortgageable amid rising interest rates, or simply sell up. MPs were told this week that many renters could find that there is soon a major shortage...

Landlords are being encouraged to get their accounts in order after an accountant specialising in buy-to-let property warned that HMRC is intensifying its efforts to track down those with undisclosed income. Since the government launched its Let Property Campaign in...

Melissa Lawford is writing in todays Telegraph about some of the horror stories she has heard about rogue tenants. The article can be read here (subscription might be necessary), and says: Landlords with rogue tenants have lost tens of thousands of pounds in damages...