Making Tax Digital – what does it mean for landlords?

Making Tax Digital is a government initiative aimed at moving businesses and individuals (including landlords who own rental properties) towards keeping digital records and reporting digitally to HMRC instead of keeping traditional paper records. The aim is to make it easier and more efficient for businesses and individuals to maintain their tax records and submit …

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New rates of Stamp Duty for overseas property buyers from April 2021

What is the new 2% Stamp Duty that will affect foreign buyers? Chancellor Rishi Sunak announced in the recent budget that the government will be introducing a new 2% Stamp Duty Land Tax (SDLT) surcharge for overseas investors not resident in the UK who buy residential property in England and Northern Ireland. This will take …

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Stamp duty surcharge for those buying an additional residential property

What is the 3% UK Stamp Duty Land Tax surcharge? In 2016, the government introduced a 3% Stamp Duty Land Tax (SDLT) surcharge for anyone buying an additional property in the UK. This applies to additional homes, buy-to-let properties and holiday homes. The 3% surcharge still applies, irrespective of the new, reduced Stamp Duty rates …

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Higher rate tax relief phased out July 2020

Higher rate tax relief for buy-to-let landlords now completely phased out Higher rate tax relief on finance costs (such as mortgage interest) for landlords who own residential (buy-to-let) properties has now been completely phased out. Tax relief for landlords who are higher rate tax payers has been gradually phased out over the last three years …

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Non-UK resident companies that own UK property must now register for Corporation Tax

You may already be aware that recently there have been several changes to UK taxes and we are putting together a series of blogs to explain the key points. This blog focuses on the change to the type of tax paid by non-UK resident companies on profits from UK property. Click here to read information …

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Changes to Capital Gains Tax in 2020 – what you need to know

The last few years have seen a number of changes to the UK’s tax regime with the latest coming into force on April 6th 2020. The changes affect the Capital Gains Tax (CGT) reporting deadlines and the amount payable when an individual sells a residential property that they have not used as their main home …

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Top 10 things to watch out for in London property in 2020

Landlords have faced some major issues over the last few years – new lettings regulations and property taxes as well as the impact of Brexit. And 2020 is likely to deliver more challenges, from a proposed increase in Stamp Duty for overseas buyers to changes to Capital Gains Tax. It’s certainly not an easy time …

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What to do if my property tenant dies?

As a responsible landlord, it’s important to know how to handle the difficult process of a tenant passing away in the event of that happening and the circle of life often means that many landlords are in fact landlords themselves through death, as they inherit the family home from their parents and then let out.

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Do you have a media enquiry?

How do I know if my buy to let landlord is reputable?

Q. I am about to rent a property that I found online. I’m worried about handing over my deposit to a fraudster so how can I check that the landlord is trustworthy? A. First of all, be very careful of renting a property that is advertised online by an individual ie not through a recognised …

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What is fair wear and tear in my rental property?

Q. Which dilapidations is my tenant responsible for? A. Calculating a fair amount for dilapidations at the end of a tenancy can be a thorny issue and there are many misconceptions about what can and cannot be deducted from the tenant’s deposit. One of the main issues is defining what is ‘fair wear and tear’. …

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If my rented property is burgled, who pays for the damage?

Q. I live in a rented flat.  I’ve just been burgled but my landlord says I am liable for the damage caused by the burglar – is this right? A. Generally, the landlord of a rented property is responsible for providing the tenant with a safe and secure property that is in a good state of …

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Buying a Leasehold apartment – what do I need to be aware of?

If you’re considering buying a leasehold apartment, it’s crucial that you understand the implications of what a lease means and how those legalities affect you as a property investor. Here’s our guide to how to understand what your lease means and what homework to do before you buy.

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