April 2017 has already passed, and the changes in the tax regime which the government had promised for that date have not yet come into force. But the government has made it clear that they will come into force, and will be backdated. What is in question here is Inheritance Tax (IHT). Until the contemplated changes come into force, it was […]
How tax changes affect landlords domiciled outside the UK Read More »
Westminster is offering some of the best returns for property investors at present, with house prices expected to increase by 31.9% by 2021. According to new research from Barclays, Westminster is an excellent investment destination, and it predicts a 5.70% average annual increase. Such an increase is good news for prospective investors looking for strong
Westminster offering the best returns for buy-to-sell investors Read More »
Landlords are being advised to look on tenants as customers if they are to take full advantage of the growing rental market. With tenants renting for longer, good customer service from a landlord is a key issue for tenants. A survey carried out by property technology firm, Engage, reveals that poor communication is one of
Customer service important for tenants Read More »
Buy-to-let mortgage rates are continuing to fall in what is a real boost to investors. The majority of ‘mainstream’ buy-to-let mortgage products have seen rate reductions in the last three months, according to new research from mortgage technology provider, Mortgage Brain. For some buy-to-let mortgage products, the loan to value has dropped by 4% when
BTL mortgage rates continue to fall in boost to investors Read More »
Landlords are more concerned by tax changes and the economic climate and less worried about Brexit, at least in the short-term. 41% of landlords surveyed said they were more worried in the short-term by the tax changes, and what impact these might have on their profits. One of the tax changes being introduced is to
Brexit not as bad as tax changes, landlords say Read More »
It’s no surprise that landlords are reportedly calling on the government to backtrack on changes made to mortgage interest tax relief. According to the Paragon Mortgages Q2 2017 PRS Trends survey, nine out of ten landlords want the changes scrapped, and this was the issue which meant the most to landlords. The changes, which affect
Scrap mortgage interest tax relief changes, landlords say Read More »
A proposed ban on letting agents’ fees for tenants has been confirmed by the Queen in The Queen’s Speech, the formal ceremony which signals the start of the Parliamentary year. The government hopes the ban will give renters a ‘fairer deal’, while encouraging transparency and greater competition in the sector. A draft Tenants’ Fees Bill will be published ‘later this year’, and the bill is likely to
Tenants’ Fees Bill to go ahead, Queen announces Read More »
Some accountants have been wrongly telling buy-to-let residential landlords that they need to pay ATED, according to industry experts. Now buy-to-let brokers are being pushed to clarify these tax rules for landlords, while accountants are being told to make sure they are familiar with all the latest tax changes affecting the buy-to-let sector. The government
ATED confusion needs clarifying, buy-to-let brokers told Read More »
In 2013 the government introduced ATED, an Annual Tax on Enveloped Dwellings. This tax applies to residential properties owned either partly or completely by a company, a partnership, or any other investment vehicle. The term ‘Enveloped Dwelling’ refers to a residential property that is owned or ‘enveloped’ within a corporate wrapper. Initially, the tax only
What landlords should know about Annual Tax on Enveloped Dwellings (ATED) Read More »
Growing numbers of first-time buyers secured a mortgage in March, with a total of £4.9 billion borrowed by first-time buyers during the month. New data from the Council of Mortgage Lenders (CML) showed that first-time buyer activity increased in March this year, with more loans going to first-time buyers than in any other month of
March sees increase in first-time buyer activity Read More »
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