A ‘fiscal event’ is to be delivered on Friday, setting out what help is to be made available to get people through the winter and the cost-of-living crisis.
Tourism Tax – Will it help or hamper small tourist businesses?
Several cities, including those in the UK and the EU, are considering introducing a tax on visitors.
Property disposals and CGT: tips to reduce your liability
Understanding Capital Gains Tax (CGT), specifically, what your liability is, is essential when considering options for selling a buy-to-let property.
300% council tax increase for second homes in Wales
From next year, some owners of second homes in Wales could pay up to four times their current rate of council tax. Currently, councils can charge a council tax premium of up to 100% for second homes. However, the government has announced their plan to increase it to 300% from April 2023. The increase is […]
Tourists asked to check if holiday let is affecting the housing crisis
With summer in full swing, many families are beginning to plan their annual holidays. For many, this means renting a holiday home in one of the UK’s popular tourist destinations. However, tourists heading to the southwest of England are being urged to check prior to travelling if their rental will worsen the area’s affordable housing […]
Housing shortage causing tenant bidding wars
Tenant bidding wars have become increasingly common as the number of homes available to rent has failed to keep pace with demand. This shortage of rental properties has led to landlords receiving multiple applications for every vacancy, and in some cases, tenants are even willing to pay above the asking price in order to secure […]
Will taxing landlords at the source become the norm?
Under a proposed new scheme aimed at reducing rental fraud, letting agents and property websites would collect and report tax on behalf of landlords. This proposal has been met with firm opposition by finance professionals and landlords. It has also raised many questions about data privacy and who would be liable in the case of […]
Do you owe Capital Gains Tax on your property sale?
With the regulations surrounding Capital Gains Tax and property sales constantly shifting, many homeowners and their advisers may not realise that they owe tax on the disposal of a property.
UK property market – Is a crash on the way?
By Neil Driver Every time someone announces a sudden rise in property prices, there are an equal number of experts predicting that the bubble will burst.