For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer 2024, which could lead to new fees and penalties for non-compliance.
Category: Property
Understanding Capital Gains Tax on property investments
Investing in property can be a lucrative venture, but it’s essential to understand the implications of Capital Gains Tax (CGT) on these investments to protect your investments from unexpected costs.
Landlords should bring UK tax affairs up to date before Renters Reform Bill is enforced in law
The Government is looking to introduce the Renters Reform Bill, which if made law, will be the biggest shake-up to housing laws in forty years. Read More
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.
Foreign property owner register to help crackdown on money laundering
As the war in Ukraine rages, the Government has taken steps to crackdown on foreign criminals attempting to launder money through UK property ownership.
New rules to end second home tax loophole
Multiple homeowners who leave “holiday lets” empty will no longer be able to claim tax benefits, it has been announced.
Recovery in construction led by rise in commercial property work
A sharp rise in productivity in UK construction sector is good news for SMEs in the supply chain, and the economy overall, as output surged over a four-month period.
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.
UK house prices hit significant record
According to the UK’s largest mortgage lender, Halifax, house prices in the UK hit a significant record during August but the yearly growth pace in property values slowed. Read More
Businesses urged to “get to grips” with new Patent Box regime as grandfathering rules come to an end
Businesses should “get to grips” with new Patent Box rules or risk missing out on corporate tax relief, a major regulator has warned.