Introduction Figures published by Zoopla have found that demand for rental homes is at its highest level in over a decade. This increase in demand is compounded by the lack of supply which is driving up prices for those who rent. To demonstrate this, the number of...
Latest News
HMRC delay Making Tax Digital by two years
What is being delayed? HMRC has announced that plans to implement digital tax reporting for unincorporated businesses and self-employed individuals and landlords in April 2024 will be delayed until April 2026. Why has MTD been delayed? HMRC have said that businesses...
Labour shortages for roofing contractors
A recent survey from Glenigan of more than 100 members of the National Federation of Roofing Contractors (NFRC) has found that roofing and cladding contractors are still struggling with recruitment issues in the third quarter of 2022. But, this survey does confirm...
Skills shortage & increasing material costs hinder construction industry
Labour shortages and rising materials costs are continuing to affect the construction industry and are putting development projects in jeopardy. Material costs surge Prices for copper, steel, concrete and asphalt have all increased throughout the course of...
Experts criticise the new cladding tax
Some senior figures in the construction industry have criticised the Government for focussing the new cladding tax on UK-based developers, as international developers will not be subject to the new tax. What is the new cladding tax and when will it be...
Property tax: Second home loophole to end in April 2023
Starting in April 2023 many second homeowners will not qualify to pay business rates rather than council tax. However, the good news is that if they can demonstrate that their properties are rented out as a self-catering holiday let for at least 70 days a year then...
Stamp Duty Land Tax: Consultation launched to reduce perceived abuse of the rules
HMRC has launched a consultation into the methods used to calculate Stamp Duty Land Tax (“SDLT”) on purchases of mixed-use property. A mixed-use property is where a property is considered as both residential and non-residential. In addition, there may also be a reform...
Capital Gains Tax deadline extended
The Chancellor announced in his Autumn Budget that from 27 October 2021 the deadline for UK residents to report and pay Capital Gains Tax (CGT) after selling UK residential property will increase from 30 days after the completion date to 60 days. This change follows a...
House prices set to rise in the coming years
Forecasts by estate agent Hamptons have found that house prices are set to continue rising by 3.5% a year in Great Britain between 2022 and 2024. What is causing house prices to increase? Predictions have found that more homes will be sold in 2021 than any...
Tackling the shortage of rental properties
Introduction Figures published by Zoopla have found that demand for rental homes is at its highest level in over a decade. This increase in demand is compounded by the lack of supply which is driving up prices for those who rent. To demonstrate this, the number of...
HMRC delay Making Tax Digital by two years
What is being delayed? HMRC has announced that plans to implement digital tax reporting for unincorporated businesses and self-employed individuals and landlords in April 2024 will be delayed until April 2026. Why has MTD been delayed? HMRC have said that businesses...
Labour shortages for roofing contractors
A recent survey from Glenigan of more than 100 members of the National Federation of Roofing Contractors (NFRC) has found that roofing and cladding contractors are still struggling with recruitment issues in the third quarter of 2022. But, this survey does confirm...