x
By using this website, you agree to our use of cookies to enhance your experience.
KEYWORD "Income Tax" - 100 RESULTS
Tories’ Section 24 tax change leaves some “with precarious finances”

A report from Propertymark has laid out the stark and in some cases unforeseen consequence of the Conservative government’s phased removal...

05 August 2024

From: Breaking News

Capital Gains Tax revenue up as buy to let investors quit

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

05 August 2024

From: Breaking News

Proposed Capital Gains Tax rise would hit rental sector

A political party has proposed that Capital Gains Tax be equalised with Income Tax - meaning landlords and investors who sold...

13 June 2024

From: Breaking News

Tax Alert - Agents can urge landlord clients to take part in pilot scheme

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

26 April 2024

From: Breaking News

Tax Grab - rental sector may not be viable warns Propertymark

The chief executive of Propertymark has made an outspoken attack on the government in response to its latest attempt to extract...

04 March 2024

From: Breaking News

Tax Raid planned on rental sector in Budget - report

The Budget on Wednesday will contain a £300m tax raid on the rental sector according to a report this morning -...

03 March 2024

From: Breaking News

Stamp Duty slump is a pre-Budget blow for Chancellor

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

01 February 2024

From: Breaking News

Last Ditch Bid to save unpopular freeholds from Gove’s law change

Plans for leasehold reform face a major early stumbling block as analysis shows plans to retrospectively introduce a cap on ground...

20 December 2023

From: Breaking News

Agents speak out on Renters Reform Bill dangers

Lettings agents within The Guild of Property Professionals think that the Renters Reform Bill could cause many landlords to quit.  Graham Wood,...

01 June 2023

From: Breaking News

Section 24: Agents call for mortgage tax relief to be reinstated

A new survey of lettings agents and landlords has put the reinstatement of Section 24 mortgage tax relief at the top...

21 April 2023

From: Breaking News

Sign Up to stop the Tax Grab - Agents urged to back petition

Agents are being urged to sign a petition launched by a landlord facing higher tax burdens which may force him to...

03 January 2023

From: Breaking News

Tax on buy to lets and second homes up to 6% - will rest of UK follow suit?

Land and Buildings Transaction Tax - the Scottish equivalent of stamp duty - has risen to six per cent for all...

16 December 2022

From: Breaking News

CGT tax change - It could have been worse, say agents

Just about every agency that has commented on yesterday’s Autumn Statement are in agreement - changes to Capital Gains Tax, Inheritance...

18 November 2022

From: Breaking News

Rental Sector hit by surprise Capital Gains and Stamp Duty tax changes

Chancellor Jeremy Hunt has delivered his long-awaited Autumn Statement - the fiscal event which he says will lead to “all of...

17 November 2022

From: Breaking News

Today! Key webinar on Making Tax Digital

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

16 November 2022

From: Breaking News

Tax turmoil to dominate Autumn Statement warns leading agency

One of the country’s most respected lettings agencies says tax is dominating the agenda ahead of Thursday’s Autumn Statement from Chancellor...

15 November 2022

From: Breaking News

HMRC’s Tax Threat to rentals slammed by agency chief

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

14 November 2022

From: Breaking News

Stamp Duty - Chancellor Hunt reveals what happens next

The new Chancellor, Jeremy Hunt, says the limited cut in stamp duty in England and Northern Ireland announced in the mini-Budget...

17 October 2022

From: Breaking News

Truss confirms Corporation Tax U-turn

As expected there has been another substantial U-turn by Prime Minister Liz Truss. A few minutes after sacking her former Chancellor Kwasi...

14 October 2022

From: Breaking News

Stamp Duty Cuts take effect immediately

Chancellor Kwasi Kwarteng has announced that stamp duty will be cut.  In future there will be no stamp duty on the first...

23 September 2022

From: Breaking News

Generation Rent claims economy stacked against private tenants

The leader of the Generation Rent campaign group has accused Chancellor Rishi Sunak of “stacking the economy against private renters who...

28 March 2022

From: Breaking News

Tax authority wants to hear agents' views on buy to let tax regime

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

17 March 2022

From: Breaking News

Warning over Capital Gains Tax on buy to let sales

A business consultancy is warning that buy to let sellers in the current market are likely to be squeezed - and...

15 March 2022

From: Breaking News

 Agent victims of tenancy fraud invited to come forward

Propertymark wants agents to come forward with examples of fraudulent tenancy applications - a growing problem in the rental sector. A statement...

27 July 2021

From: Breaking News

Capital Gains Tax changes likely in autumn, not tomorrow - experts

A leading tax expert is forecasting that Chancellor Rishi Sunak will duck making any changes to CGT in tomorrow’s Budget and...

02 March 2021

From: Breaking News

Agency warns that landlords seriously worried by CGT threat

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

16 February 2021

From: Breaking News

Airbnbs and Holiday Homes should not have tax perks denied to Buy To Let

A call has gone out for the longer-term buy to let rental sector to have a similar tax regime as the largely-unregulated...

05 February 2021

From: Breaking News

Record number of buy to let landlord companies set up

Research by Countrywide agency Hamptons shows that during 2020 some 41,700 new buy to let limited companies were formed. That’s a record...

18 January 2021

From: Breaking News

Agents told to prepare for new off-payroll working rules

ARLA Propertymark is advising agents to get up to speed on new rules - and possible higher costs - when changes...

14 January 2021

From: Breaking News

Future agency mergers and acquisitions could be hit by tax hike

A warning has been issued by one of the most acquisitive letting agencies that future mergers and takeovers could be hit...

14 December 2020

From: Breaking News

No more taxes: Agents warn government on CGT

ARLA Propertymark has issued a warning to government not to use Capital Gains Tax reform to further punish the private rental...

16 November 2020

From: Breaking News

Capital Gains Tax hike risks mass exodus from buy to let - claim

A prominent agent and industry commentator says the threat of higher Capital Gains Tax risks forcing yet more investors to quit...

13 November 2020

From: Breaking News

Today’s The Day: multiple tax changes will hit the rental sector

It’s not just navigating a path through the Coronavirus crisis that is proving the value of letting agents - it’s their...

06 April 2020

From: Breaking News

Pressure building to help private tenants hit by Coronavirus

One of the lettings sector’s leading trade bodies has called on the government and lenders to agree a package of measures...

17 March 2020

From: Breaking News

Too many Airbnb short lets? Blame government, says trade body

The government is driving landlords into the short let sector according to a trade body. The Residential Landlords Association, responding to recent...

24 February 2020

From: Breaking News

New warning about imminent buy to let tax clampdown

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

20 February 2020

From: Breaking News

 HMRC grabs millions in latest clampdown on buy to let

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

17 February 2020

From: Breaking News

Labour tax proposals 'final nail in the coffin of buy to let' - warning

Two specific elements of Labour’s tax proposals, outlined in its manifesto, could “drive a nail into the coffin of buy to...

25 November 2019

From: Breaking News

New attack on buy to let as think tank demands higher CGT

An influential think tank says Capital Gains Tax on buy to let properties and second homes should be levied at the...

11 September 2019

From: Breaking News

Government blasted for 'incoherence' on tax, landlords, rents and supply

The government has been criticised yet again for what is described as its “incoherent” approach to the private rental sector. David Miles,...

11 September 2019

From: Breaking News

HMRC 'fishing expedition’ targets overseas landlords and their tenants

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

10 September 2019

From: Breaking News

It’s War: Tories and lettings chiefs tear into Labour Right To Buy plans

There’s been a fierce outcry from Conservative MPs and the lettings industry in response to Labour’s threat to give private rental...

03 September 2019

From: Breaking News

Rental sector suffering from government focus on home ownership

Private tenants are being disadvantaged because of the government’s focus on boosting homeownership. According to the latest figures from the Royal Institution...

13 August 2019

From: Breaking News

Surge in buy to let company purchases thanks to tax changes

New research shows more than half of landlords plan to use limited companies to buy properties in the year ahead.  The study...

12 August 2019

From: Breaking News

New online investment platform seeks portfolio landlord customers

An online platform claims it has found a new and easy way for investors to become landlords, describing itself as ‘PayPal...

26 April 2019

From: Breaking News

The Big Switch: more buy to let investors adopt limited company status

Large-scale buy to let investors are continuing to move to limited company status in a bid to limit their exposure to...

25 March 2019

From: Breaking News

Double Trouble: buy to let investors pay twice the tax of Tesco

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

12 March 2019

From: Breaking News

Private rents take LESS of tenants' income while social rents rocket

You may be forgiven for thinking that rent takes up an ever-greater proportion of tenants’ income - but new figures out...

14 February 2019

From: Breaking News

Agent says landlords still claim billions in tax relief every year

London-focussed lettings agency ludlowthompson says buy to let landlords across the country claimed a record £17.7 billion in tax relief last...

29 January 2019

From: Breaking News

Jail for men who 'made up' VAT returns for franchise lettings branch

A man who submitted false VAT returns for the Lincoln franchise branch of Martin & Co for a period of six...

08 October 2018

From: Breaking News

Scrap the surcharge! Strong support for petition to repeal buy to let taxes

There has been strong support for an e-petition calling for the scrapping of the stamp duty surcharge on buy to let...

06 July 2018

From: Breaking News

We need more tax reform to help rental sector, repeats trade body

The government should scrap the tax on new homes which is punishing those in need of a home to rent, the...

29 June 2018

From: Breaking News

Tax changes 'level the playing field' - government responds to BTL petition

The government has responded to a petition calling for it to abolish the 3% stamp duty surcharge and reintroduce full buy-to-let...

29 May 2018

From: Breaking News

Government to respond to petition calling for reform of 'disastrous' BTL tax changes

An online petition which calls on the government to reintroduce full buy-to-let mortgage interest tax relief and abolish the 3% stamp...

21 May 2018

From: Breaking News

In The Money: £162,500 profit from each buy to let over 25 years

Time to put the gloom and doom about buy to let to one side - a new analysis shows that a...

11 May 2018

From: Breaking News

Government's rental sector taxes blamed for curbing house building totals

A lettings trade body says a major house builder has blamed, in part, recent tax increases on private landlords as a...

19 March 2018

From: Breaking News

Trade body says tax increases are choking off rental investment

A trade body says new figures released by the independent Office for Budget Responsibility show that the government’s recent tax increases...

15 March 2018

From: Breaking News

Limited company buy to let purchases outstrip remortgaging

Almost three-quarters of buy to let mortgage transactions made by landlords operating via limited companies in the final quarter of last...

19 January 2018

From: Breaking News

Another big rise in buy to let mortgage lending to companies

There’s been another large increase in the number of buy to let mortgages sought by limited companies - they accounted for...

12 October 2017

From: Breaking News

Rental sector unprepared for tax changes, accountancy firm warns

A leading accounting and advisory service says key tax changes that could damage the buy to let sector are still not...

26 September 2017

From: Breaking News

Countrywide says landlord numbers down but portfolio sizes are up

The number of landlords has fallen over the last two years despite a rise in supply of homes available to rent,...

11 September 2017

From: Breaking News

Figures debunk myth that buy to let investors are wealthy

Far from being wealthy property investors, two thirds of individual landlords pay merely the basic rate of income tax according to...

06 July 2017

From: Breaking News

Lettings sector tax increases - they're hurting, but they're not working

The Residential Landlords’ Association says recent fiscal changes hitting the private rented sector are hurting tenants but failing to achieve their...

04 July 2017

From: Breaking News

Small-scale BTL investors 'waking up to tax change' says trade group

Single property landlords are finally waking up to the fact they could be pushed in to a higher tax bracket following...

22 May 2017

From: Breaking News

20% of rental properties now let by companies, says Countrywide

A remarkable one in five properties now being let are operated by a company landlord - and the figure surges to...

18 April 2017

From: Breaking News

Agency claims many landlords don't know of buy to let tax changes

Almost 20 per cent of the landlords using an online letting agency are apparently unaware of the mortgage interest tax relief...

11 April 2017

From: Breaking News

More buy to let mortgages now aimed at limited companies

The range and pricing of buy to let mortgage products for limited companies has never been better according to a survey...

05 April 2017

From: Breaking News

Tax chiefs issue mortgage interest reminder to lettings sector

The Chartered Institute of Taxation has issued a reminder to buy to let investors that the first phase of the restriction...

31 March 2017

From: Breaking News

Trade body asks government to give reasons for incoming tax changes

The Residential Landlords Association (RLA) is writing to the Office for Budget Responsibility asking it to provide clarification on controversial tax...

07 March 2017

From: Breaking News

Buy to let tax changes will affect just 20% of landlords, claims minister

Housing minister Gavin Barwell says recent changes to buy to let mortgage interest relief and stamp duty will only affect a...

23 January 2017

From: Breaking News

Failure for landlords trying to overturn buy to let mortgage interest change

The attempt to seek a Judicial Review of legislation reducing the mortgage interest tax relief for landlords has failed. The case was...

06 October 2016

From: Breaking News

Key legal verdict on buy to let tax change to be delivered this week

The case made by two landlords to have a judicial review of section 24 of the 2015 Finance Act - triggering...

03 October 2016

From: Breaking News

Letting agents urged to lobby MPs over mortgage interest tax changes

A campaign group is urging letting agents to join with landlords in lobbying MP over the government’s change to buy to...

12 September 2016

From: Breaking News

HMRC quashes rumours of tax change for landlords who sell

Speculation that the government was attempting to ‘slip in’ yet more changes to the way landlords are being taxed have been...

05 September 2016

From: Breaking News

Growing industry concern over new buy to let 'stealth tax'

There is growing concern across the industry at the fear - which we reported yesterday - that the government may be...

31 August 2016

From: Breaking News

Law Society hits out at government over latest buy to let tax changes

The Law Society has accused the government of avoiding proper consultation and scrutiny in the way it has introduced new buy to let proposals.   They...

30 August 2016

From: Breaking News

Government provides details of buy to let interest tax relief change

Any lingering hope that the buy to let sector might have of a rethink by the new Chancellor over restructuring mortgage...

21 July 2016

From: Breaking News

Landlords avoiding benefits tenants due to Osborne's tax changes

Landlords are looking to house tenants less likely to miss rental payments in order to minimise the impact of a number...

27 May 2016

From: Breaking News

Major lettings agency may urge its landlords to incorporate

Martin & Co - one of Britain’s largest letting agency networks with 192 offices across the country - says it may...

03 March 2016

From: Breaking News

Osborne tax changes - letting agents urged to discuss incorporation

Four in 10 landlords are either seriously considering forming a limited company or will be looking into the option in the...

22 February 2016

From: Breaking News

Petition against buy to let tax unlikely to hit 100,000 signature target

An online petition aiming to get 100,000 signatures expressing opposition to Chancellor George Osborne’s buy to let tax changes looks certain...

21 January 2016

From: Breaking News

Industry body taking advice on legality of Osborne buy to let tax changes

The Residential Landlords’ Association is taking legal advice on whether George Osborne’s buy to let tax changes are a breach of...

20 January 2016

From: Breaking News

Buy to let investors 'set to lose money in over 90% of locations

An analysis by a national newspaper shows that investors purchasing buy to let properties with mortgages are likely to lose money...

11 January 2016

From: Breaking News

Last chance for agents to put buy to let tax views to David Cameron

Today is the last chance for Letting Agent Today readers to have their concerns about proposed stamp duty increases and recent...

07 January 2016

From: Breaking News

Tory peer criticises government over sudden attack on buy to let

A Conservative peer and former shadow chief secretary to the Treasury has become the first senior Tory to speak out against...

06 January 2016

From: Breaking News

New details emerge of legal challenge to Osborne buy to let tax changes

A legal opinion is expected in the next few days as the legal challenge to George Osborne’s buy to let tax...

06 January 2016

From: Breaking News

Buy to let and stamp duty changes - put your views to David Cameron

Letting Agent Today readers are being given the rare opportunity to have their concerns about proposed stamp duty increases and recent...

05 January 2016

From: Breaking News

Central London buy to let to be hurt by Osborne tax changes

A prominent buying agent active in prime central London says the capital’s high end buy to let market will become less...

06 November 2015

From: Breaking News

Petition against buy to let tax changes passes 35,000 signatures

The online petition opposing the proposed tax changes for buy to let landlords has now reached 35,000 signatures - but is...

30 October 2015

From: Breaking News

Wear and tear tax change to hit rural lettings hard, warns accountant

The Chancellor’s proposed change to wear and tear tax allowance in the rental sector will hit rural lettings particularly hard, according...

30 October 2015

From: Breaking News

Petition against buy to let tax change a waste of time says industry group

The online petition against the government's proposed tax changes for buy to let investors is "a waste of time" according to...

12 October 2015

From: Breaking News

Government rules out any re-think on restricting buy to let tax breaks

The government is ruling out any re-think on its proposals to reduce buy to let tax breaks from next year. The Financial...

08 October 2015

From: Breaking News

Buy to let reforms will push most landlords into high-rate tax

Over 60 per cent of private sector landlords face being pushed from the basic to higher rates of income tax as...

24 September 2015

From: Breaking News

Zoopla chief backs campaign against buy to let tax changes

The chief executive of Zoopla has thrown his weight behind opposition to the government’s proposed restrictions on buy to let tax...

15 September 2015

From: Breaking News

Buy to let tax protest petition tops 25,000 signatures

If supporters of Chancellor George Osborne’s Budget restrictions on tax breaks for buy to let landlords thought opposition would die off...

07 September 2015

From: Breaking News

Petition against buy to let tax change gets 20,000 signatures

The petition against the proposed tax changes outlined by Chancellor George Osborne in last month’s Budget has now achieved 20,000 signatures. This...

28 August 2015

From: Breaking News

Letting agent plays down impact of buy to let tax change

A London letting agency is playing down the impact of Chancellor George Osborne’s proposed changes to buy to let tax breaks,...

18 August 2015

From: Breaking News

SaynotoGeorge campaign founders speak out on tax threat

The founders of the website saynotogeorge.co.uk have stepped forward to explain why they have founded the campaign.  Two Peterborough-based property developers are...

17 August 2015

From: Breaking News

Agents, landlords, investors urged to 'saynotoGeorge'

A new website - www.saynotogeorge.co.uk - has been set up as a nucleus for opposition to Chancellor George Osborne’s proposals to...

13 August 2015

From: Breaking News

Almost half of landlords hit by Wear and Tear tax change

Around 47 per cent of landlords will be affected by changes to the annual wear and tear allowance. That’s the result of...

13 August 2015

From: Breaking News

MovePal MovePal MovePal