In the Spring Statement, Chancellor Sunak announced the Government’s plan to bring forward an exemption that will make green technology exempt from business rates. The exemption for green technology, such as solar panels and heat pumps, came into effect on 1 April 2022. This was brought forward one year from the original date of 1 […]
Cost of living crisis not affecting property price rise
It’s no secret that the cost of living is increasing. With energy prices soaring and hikes in interest rates, this has put a strain on pockets across the country. Now, experts are predicting a sharp rise in property prices due to there not being enough properties to meet the current buyer demand. This shortage is […]
Baffled by ever-changing regulations? You are not alone
By Neil Driver According to a new survey, a quarter of Landlords have been left baffled by the ever-changing regulations related to the private rental sector.
Can you unlock new tax savings on property with capital allowances?
By Neil Driver Capital allowances are a really popular way of businesses reducing their annual tax bill and with so many different forms of relief on offer, there has never been a better time to make use of them.
Government is set to close tax loophole for second homeowners
By Neil Driver, Director at Davis Grant The Government has announced its intention to close a tax loophole that could leave second homeowners facing higher bills. Michael Gove, Secretary of State for Housing, Communities and Local Government, has confirmed that the Government will introduce new rules next year that will only allow second homeowners to […]
Does 2022 hold further taxation and regulation for the property sector?
During the last decade, the UK property industry has seen an increasing number of tax rules and legal obligations place on investors and landlords, including changes to the wear and tear rules, lettings relief and mortgage interest relief.
Capital Gains Tax – What does the extension to property reporting mean for investors?
By Neil Driver, Director at Davis Grant The deadline for UK land and property owners to report and pay Capital Gains Tax (CGT) has doubled from 30 days to 60 days.
Could the property sector be hit by yet more taxes?
By Neil Driver, Director at Davis Grant Consultation on the introduction of a new Residential Property Developer Tax (RPDT) has ended.
Small developers invited to apply for up to £10 million in equity funding
Small and medium-sized developers have been invited to apply for up to £10 million in equity funding to build new homes.