On June 1, the Tenant Fees Act comes into force. The Act aims to reduce the costs many tenants face when they rent a property, as well as extra costs incurred during and at the end of a tenancy. But there are concerns that banning letting fees could have an unwanted knock-on effect.
Making Tax Digital (MTD) is already underway. MTD for VAT was rolled out at the beginning of April, with VAT registered businesses now required to submit their VAT returns using the Making Tax Digital service. Some businesses are currently exempt, including those with complex VAT requirements, but they must be ready to go by October […]
Tough new energy efficiency legislation has now come into effect in the private rental sector and one in three landlords are saying they can’t afford to make the necessary improvements. Any property rated F or G in the Energy Performance Certificate ratings needs essential improvements that lift it to at least an E rating. Unfortunately, […]
The deadline for Making Tax Digital (MTD) is fast approaching. To prevent you from having too many sleepless nights, we have created a useful checklist for landlords.
Making tax Digital (MTD) is a huge shakeup of the UK’s taxation system. Until recently, under the Making Tax Digital proposals, all landlords would have been required to submit quarterly returns from April 2019. That’s all changed now.
Lettings relief is a valuable relief currently available to landlords who at some time have lived in the property they are selling as their only or main residence and for which an amount of principal private residence relief (PPR) is available. Here we’ll explain what it is and how it’s changing.
The Homes (Fitness for Human Habitation) Act has made its way into the statute books. How does this affect landlords? Let’s find out.
Taxes can be complicated, especially when it comes to deductions. Use this handy checklist to see if you have forgotten to claim any of these revenue expenses in your tax return. At the end of the checklist you will find some general tax considerations and some frequently asked questions about the more complicated elements of […]
The government is cracking down on landlords with properties that cost tenants more money to heat. The cap on energy efficiency expenditure has now been raised from £2,500 to £3,500. Let’s take a look at the previous cap on energy efficiency, and when the increase will affect you…
The budget has largely been positive this time around, with a hike in the tax-free allowance and more money earmarked for the NHS. Landlords were mostly overlooked by the chancellor for a change. One item of interest in the budget, however, was the loss of lettings relief for people who rent out their former home…
From next month, eviction rules are changing. Landlords with older tenancies – predating October 2015 – will have to abide by Section 21 if they want to evict a tenant. Currently, Section 21 only applies to tenancies that began after October 2015.
Changes to the Tenant Fees Bill, which has just passed through Parliament, mean that landlords can no longer charge indiscriminate fees for spurious reasons. New plans revealed by the government a few days ago mean landlords will now have to provide evidence before they can charge tenants reasonable costs for repairing or replacing items.
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