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
Generation Rent says number of first-time buyers has risen despite landlords’ warnings
Thinktank draws up plan at time when 40% of young adults are unable to buy a home
Higher income tax relief should be made available on let land income, to increase tenancy opportunities and raise agricultural productivity, the Central Association of Agricultural Valuers (CAAV) says.
The government has suggested that it is at least considering changing the terms of its Rent A Room system which could mean ‘hosts’ letting via Airbnb and similar platforms could end up paying more tax than they do now - if they pay any at all.
Farmers who rent out their land to anyone dealing with waste are being warned to make sure that they take all reasonable steps to ensure their tenant handles the waste correctly – or they could both be hit with a landfill tax.
The introduction of the Land Transaction Tax (LTT) to replace stamp duty in Wales has had a significant impact on house prices, according to the latest data from LSL.
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