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Government rules out stamp duty holiday extension in 2021
The government has responded to calls for an extension to the stamp duty holiday by stating it has no intention to extend the tax relief. The stamp duty holiday is due to come to an end on 31 March 2021, despite repeated industry calls for an extension and a petition to parliament with more than […]
Wales increases tax on second home sales
Wales has increased the rates of land transaction tax (LTT) on property sales with the change coming into immediate effect. In the draft budget, on 21 December 2020, the Welsh Government announced changes to the higher residential rates, and non-residential rates and bands, of LTT. The temporary increase to the nil rate band of LTT […]
Your legal rights as a residential property landlord when dealing with rent arrears
Throughout the current crisis, many residential tenants have been unable to pay their rent in full and have found themselves in substantial arrears, and the government has urged landlords to show support and understanding for any tenants facing hardship. You have the right as a landlord to request rent arrears from your tenants, but it […]
800,000 private renters in arrears due to Covid-19 crisis, landlords estimate
More than 800,000 private renters in England and Wales have built rent arrears since coronavirus lockdown measures started, according to estimates published by landlords. Around one in 14 (7%) private renters have built arrears due to Covid-19, a survey of tenants for the National Residential Landlords Association (NRLA) found. Click this link to go […]
How to Sell a Buy-to-Let Property: A Step-by-Step Guide
If you’re thinking about selling your buy-to-let property then there are a lot of pros and cons that you must consider first. Here’s a step by step guide to the easiest way to sell your buy-to-let property successfully. Click here to go to the original article.
Agents can work in Tier 4 as government publishes guidelines
The Westminster government has published extensive guidance on the operation of the new Tier 4 Coronavirus restrictions in England. This includes a section given over to moving home. The full document covers working from home or at workplaces, educational locations, childcare, events such as weddings and funerals, sport and places of worship. Click this […]
UK house prices end year on high with £62bn more deals than 2019
UK house prices are set to finish the year on a high note despite the worst downturn since the 1700s, with the residential property market racking up £62bn more in agreed sales in 2020 than last year, according to new data. Property website Zoopla said house prices rose at an annual rate of 3.9 per […]
Permanent extension of stamp duty threshold could provide £139m per year tax boost
Retaining the threshold for paying Stamp Duty Land Tax (SDLT) at its current level of £500,000 would provide new tax revenues – generated by higher transaction volumes, increased property prices, household consumption, and housing market activity – ranging between £2.3bn and £4.1bn, according to research commissioned by Kensington Mortgages. Click on this link to […]
Nottingham Landlord jailed over illegal eviction attempt
A Nottingham landlord, who breached a court order not to harass or evict his tenants has been given a prison sentence. Mr Saakib Khan, who lives in The Meadows, is the owner and landlord of a number of rental properties in the city. After appearing in court in November, he was sentenced to jail for […]