House in Multiple Occupation (HMO) Rules: A Landlord’s Guide
Following the growth of House of Multiple Occupation (HMO) properties in the UK, the rules and regulations governing HMOs have become more stringent. HMO landlords must ensure they stay ahead of these evolving rules and adhere to them. This article...
Penalties for Illegal Renting in The UK
Since 2018, UK landlords have faced civil penalties amounting to £215,500 due to illegal renting practices. Therefore, landlords must understand and comply with UK housing practices before leasing their property. In this article, we’ll explore the penalties for illegal renting...
Essential Tips for Every Buy-to-Let Landlord Filing 2022-23 Tax Returns
The deadline for filing your self-assessment tax return is 31st January 2024, meaning that it is right around the corner. This also means that every buy-to-let landlord must act swiftly to avoid penalties. Here are crucial tips for navigating the tax...
Online Seller Tax Regulations: New Reporting Rules for Platforms like Airbnb, eBay, and Vinted
Are you earning from online ventures like selling clothes or renting out your space? Brace yourself for tighter online seller tax regulations starting January 1, as platforms like Vinted, Airbnb, and eBay are now mandated to share transaction details with...
HMO Licensing Gets Stricter with New Licence Requirement
A new licensing scheme for Houses in Multiple Occupation (HMOs) has been implemented in Royal Greenwich from January 1, 2024. This initiative, focusing on smaller HMOs, mandates landlords to obtain additional licensing for properties where three or more residents from...
Choosing the Right Property Investment in the UK
Embarking on the journey of property investment in the UK offers a distinct avenue for financial growth, distinct from traditional investment avenues such as stocks and bonds. This guide delves into the intricacies of wealth creation in the UK property...
Unlocking Property Freedom: 2024 Changes for Homeowners and Renters
2024 is poised to reshape the landscape of the UK property sector, driven by pivotal legislative changes announced in the recent King’s Speech. Let’s dive into two landmark bills, the Leasehold and Freehold Bill and the Renters (Reform) Bill, set to...
Decoding Jeremy Hunt’s Autumn Statement: How it will impact your Finances!
Jeremy Hunt’s Autumn Statement ushers in significant changes, from a noteworthy National Insurance cut to adjustments for self-employed individuals. However, a freeze on personal tax thresholds raises questions. The property market and savers face a mixed bag of announcements, while...
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