Archive

HM Revenue & Customs has named 92 schemes which it says are involved in tax avoidance - and it admits this...

It’s been revealed by Propertymark that HM Revenue & Customs has fined agents over £1.6m for branches of anti-money laundering regulations. The...

New figures published by HMRC show a 7% rise in Capital Gains Tax liabilities on the sale of residential property in...

The incoming Labour government has a social mandate to support the next generation of homeowners in the UK, says financial PropTech...

Over the weekend the Conservatives pledged that if elected on July 4 they would permanently scrap stamp duty for first time...

As a result of an announcement back in March, in the government’s final Budget, a major change to stamp duty comes into...

HMRC has launched a pilot for the proposed Making Tax Digital service for quarterly reporting - and agents can sign up...

Recent substantial fines issued by HMRC are a harsh reminder to agents to ensure that their Anti-Money Laundering policies are up...

A prominent lettings agent is calling for an end to what he calls the “archaic” system under which some tenants end...

PropTech platform Goodlord has launched a new referencing service for letting agents, offering what it calls ”a carefully curated balance of...

It’s not easy for anyone - even professionals like lettings and estate agents - to keep up with the blizzard of...

Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...

Airbnb - which recently announced it’s sharing some information about its landlord hosts with HMRC - is now sharing data with...

Email and instant messaging contact details must be kept up to date for HMRC to contact agents about Anti-Money Laundering supervision. Propertymark...

HM Treasury raked in £6.3 billion in inheritance tax receipts in the 10 months from April 2023 to January 2024 according...

Stamp duty receipts dipped four per cent to £2.4 billion in Q3 of last year - no less than 25 per...

Figures released by HMRC show that the Treasury raked in £5.7 billion in inheritance tax receipts in the nine months from...

Airbnb and other short let platforms are from this week required to send data on their clients’ earnings to HMRC. And a...

The latest figures from HM Revenue and Customs show that inheritance tax receipts increased to £5.2 billion in the eight months...

A new Bank of England survey has confirmed a growing outflow of landlords from the private rental sector since 2020. The Bank’s...

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

Propertymark has responded to an HM Treasury consultation on anti-money laundering processes - and in doing so it’s slammed “heavy handed...

A respected measure of investor confidence says it’s on the rise as a result of growing optimism over UK inflation figures...

More than 20,000 UK estate agency branches have registered with HMRC for money laundering supervision – but thousands have yet to...

The Chancellor, Jeremy Hunt, is being urged to act now to stop the problems banks are creating for letting agents. Following a...

HM Treasury has published a consultation on reform of the anti-money laundering supervisory system, giving four options. Currently the supervisory system is...

The average Anti-Money Laundering fine issued to estate agents for non-compliance in 2022-23 is almost half as large again as in...

Anti-money laundering consultancy FCS Compliance has announced its latest Webinar for agents using Rightmove. And with it comes a warning that the...

Lettings agencies which rely on manual means of verification are risking repetitional damage caused by anti-money laundering regulations, a digital compliance...

A company in the identity verification sector is warning that anti-money laundering checks are set to reach a new intensity in...

The Bank of England’s monetary policy committee meets today to decide on its base interest rate amidst shock at the latest...

The Register of Overseas Entities, which came into force back in August, requires all overseas entities owning property in the UK...

Fines issued to agents for anti-money laundering non-compliance are getting bigger, reversing a downward trend seen throughout the pandemic, according to...

Propertymark says banks are still misinterpreting Anti-Money Laundering rules regarding pooled client accounts, making life difficult for letting agents.  The trade body...

Automated client account platform Lettspay is to become a supplier to the Federation of Independent Agents.  Lettspay, which is registered with the...

The vexed subject of letting agents and landlords preparing for the Making Tax Digital regime is to be examined in a...

With only 48 hours to go before the Autumn Statement confirms stealth tax rises and massive public spending cuts, Propertymark has...

A holiday lettings agency has criticised the proposed rise in capital gains tax which may be introduced this week in the...

The Financial Times has an exclusive saying allowances on property taxes such as Capital Gains and Inheritance will be frozen -...

Agents should look to lettings to protect themselves when the sales market is hit by the coming recession and drop in...

Propertymark says it’s opened compliance cases against five member agencies following the latest HMRC publication of businesses who have failed to...

There’s good news and bad news for letting agents on the anti-money laundering front. The good news is that the overall number...

Propertymark is urging lettings agents to familiarise themselves with recent updated guidance to avoid falling into non-compliance. The trade body says updated...

HMRC has issued a reminder to letting agents about how operate the Non-resident Landlords Scheme. This requires anyone in the UK who...

The number of active holiday lets has increased by a third in some of England’s most popular short break destinations. The biggest...

The two main reasons that an agency decides to outsource are to reduce costs and to have the ability to focus...

Rightmove hosts its latest anti-money laundering webinar next week. The hour-long session at 10am on Tuesday July 19 - a week today...

The two main reasons that an agency decides to outsource are: 1.) To reduce costs 2.) To have the ability to focus on...

The UK lettings and estate agency is being targeted by crime syndicates in order to launder dirty money. That’s the claim of...

A technology platform claims that as many as a third of lettings agencies that should be compliant with anti-money laundering regulations...

Proceedings against a bankrupt letting agent have been delayed 10 weeks to allow mental health reports to be prepared.  Madelaina Eftekhari is...

Letting agents are being urged to respond to a consultation opening today from rhe independent Office for Tax Simplification.  The OTS has published an...

A finance chief is warning that the threat of possible rises in Capital Gains Tax should be dismissed by the government to...

An hour-long webinar this week aims to inform agents how to deter property fraud by greater emphasis on compliance, due diligence...

HM Revenue & Customs officers are paying short-notice visits on letting and estate agents to check on their anti-money laundering compliance,...

A little-known law may require tenants to pay stamp duty on the rental properties they do not actually own. London lettings agency...

FCS Compliance has announced its latest anti-money laundering webinar tailored exclusively for Rightmove members.   Are you ready for an HMRC inspection is...

Baroness Alicia Kennedy, director of the Generation Rent campaign, says rents in Wales, Scotland and South West England have soared thanks...

Two lettings agencies are amongst three property agents which have been fined by HM Revenue & Customs for breaching anti-money laundering...

ARLA Propertymark has thrown its weight behind a call for HMRC to extend the time limit for the payment of Capital...

There are just two weeks left for letting agents to register with HM Revenue & Customs if they want to be...

An anti-money laundering PropTech consultancy claims agents are in serious danger of non-compliance with new regulations, unless they ditch paper documents and...

A compliance specialist is reminding the industry that the deadline by which letting agents must register with HMRC if they are...

The government’s much-vaunted ‘tax day’ produced few challenges to the status quo - but holiday lets are under scrutiny. Currently the holiday let...

An agency is warning that possible Capital Gains Tax changes are now a cause of major worry to their landlord customers.  Barrows and...

Letting agents should help landlords through a blizzard of red tape and regulation cause by local licensing schemes, a PropTech entrepreneur...

A new report from the government says it’s too early to tell whether lettings agencies are abiding by new anti-money laundering...

A new assessment of legislation and council rules surrounding the private rental sector suggests a severe crackdown may be coming in...

Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...

Rightmove is to host an anti-money laundering webinar next week, aimed at lettings and sales agents. The event, which is entitled Five...

The property market, and therefore, estate agents have been accused of being the 'weak link' in the UK’s money laundering defences. This...

ARLA Propertymark says there has been a breakthrough on the banking clampdown on pooled client accounts - a pain in the...

Rogue landlords have been accused of tax evasion which could cost the Treasury as much as £1.73 billion a year. The accusation...

ARLA Propertymark has set out its concerns over draft guidance on anti-money laundering produced by a body called the Joint Money...

The HMRC’s long-awaited online register for letting agents to register their anti-money laundering activities has opened - almost six months after...

HM Revenue & Customs has issued a new warning to buy to let and Holliday home owners about a major change...

There’s a new warning today for buy to let investors who will be hit by tax changes coming into effect on...

It’s been revealed that a clampdown on the buy to let sector by HM Revenue and Customs has produced millions of...

An analysis of HMRC data reveals that the number of small buy-to-let landlords has dropped for the first time in five...

It’s here - the Fifth EU Money Laundering Directive comes into force today with significant challenges and implications for letting agents. The...

The Association of Residential Letting Agents says it will be issuing resources to support for lettings agents in the coming days...

A landlord has been ordered to pay almost £20,000 and has been told by a judge that he was meaner than...

[Letting Agent Today was ‘off air’ for some of Wednesday and most of Thursday thanks to technical problems - we apologise to...

The Chartered Institute of Taxation is urging tenants not to ignore a letter if they receive one from HM Revenue &...

The BBC is reporting that the short lets giant Airbnb has been contacted by HM Revenue & Customs about its tax...

HM Revenue & Customs has launched what appears to be a fishing expedition to find out information about investor landlords who...

A campaign by HM Revenue & Customs to encourage buy to let investors to ‘fess up’ to their unpaid tax has...

The number of landlords admitting to not paying tax has soared in the past year, according to new data. During 2018/2019, 16,110...

A holiday lets and short-term lettings market boom can be put down to a combination of four reasons, according to specialist...

Landlords have been urged to seek advice about potential stamp duty rebates on ‘uninhabitable’ second properties after a landmark tribunal case. A...

The chief executive of a specialist buy to let lender says increasing the rent to combat additional costs put on landlords...

There is a warning that the HMRC’s Let Property campaign, which received huge publicity and attention for some years, has so...

Income tax paid by buy to let landlords now exceeds £3.8 billion annually – that’s more than double Tesco’s entire annual...

A lettings agency that has analysed HMRC data says rental income for buy to let landlords has leaped 15 per cent...

The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to...

Agents who want to go the extra mile for their landlord clients may want to point them to assistance for the...

Two new PropTech services launched, targeting the lettings industry. Tenancy referencing firm FCC Paragon has launched MyMoveIn, an online platform that supports...

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

Government plans aimed at stopping the abuse of the current Rent A Room tax perk may overcomplicate the system and deter...

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...