According to accountants and business advisors, Moore, new data from HMRC shows that the number of buy-to-let landlords with between five and nine properties fell to 157,000 last year, down from 159,000 the year before.
A tax specialist has warned homeowners who rent out another property that they must prepare ahead of a ‘game-changing’ tax change.
One of the Conservatives’ key election pledges has been to cut business rates. In many ways, this is understandable, given the significant financial burden they represent for many small companies, especially retailers.
Professor David Miles says Stamp Duty increases and mortgage relief reductions have not helped first time buyers get onto the property ladder, as the government hoped.
The government is planning to create up to 10 free ports across the UK after Brexit.
They allow firms to import goods and then re-export them outside normal tax and customs rules.
Free market reforms are needed to increase the supply of homes for sale in the UK to help tackle the nation’s housing crisis, according to a new academic paper published by a right wing think tank.
Smaller landlords have been increasingly disincentivised by recent tax and regulatory changes, with expansion of the Private Rental Sector (PRS) in the UK potentially topping out, a new report suggests.
Tenants would not pay council tax and owners with gardens would be a higher amount, under plans being discussed by the Labour Party.
The Chartered Institute of Taxation (CIOT) is calling for the aims and use of private residence relief to be reviewed in terms of how it affects the proceeds of the sale of homes.
Labour leader Jeremy Corbyn has called for “radical change” after a new book suggested half of England is owned by less than 1% of its population.
Hundreds of thousands of first time buyers have benefitted from stamp duty relief but overall the amount of money raised by the property tax in the UK, excluding Scotland, has fallen, official figures show.
More than half of landlords in the private rented sector, some 55%, believe that their profitability has been affected by regulatory change, but most still make a profit, new research shows.
dinburgh home-buyers are paying nearly a third of all Land and Buildings Transaction Tax, according to new data from Revenue Scotland.
Sales and lettings agents in Scotland have hit out at plans to increase the Additional Dwelling Supplement (ADS) from 3% to 4%, saying it will have an adverse effect, particularly for the buy to let sector.
The majority of landlords in Britain are only paying the interest on their mortgages rather than paying off their loans, research suggest.
Tax changes announced by the Scottish Government could reduce investment by landlords and exacerbate the country’s housing crisis, it is claimed.
Mike Ashley has called for a new tax on online retailers to help revive ailing town centres.
The rules about holiday lets being valued for business rates instead of council tax could be strengthened in an attempt to close a tax loophole being exploited by the owners of second homes.
Farmers with diversified enterprises may be able to save thousands of pounds by shielding more of their business from inheritance tax after a ruling against HMRC over a case involving a livery stable.
Changes could mean shock for owners who have rented out homes when they come to sell
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