HMRC is intensifying efforts to ensure tax compliance, targeting non-resident corporate landlords with special letters. The initiative, extending to non-resident landlords, emphasizes transparency and compliance with rule changes, offering a 40-day window for response. Failure to comply may result in...

A recent court decision has closed a widespread inheritance tax loophole, impacting families using home loan schemes for tax reduction. This ruling may result in unexpected tax bills, prompting a need for families to review inheritance tax planning with professional...

Post A-level results, a surge in student demand and a dwindling supply of private rentals pose challenges. The Renters Reform Bill, banning fixed-term tenancies, adds complexity, raising concerns about a supply crisis for student housing. Urgent support is needed amid...

The UK's Private Rented Sector (PRS) has lost 400,000 homes since 2016 due to stamp duty increases and mortgage interest relief changes. Ongoing challenges like new Energy Performance Certificate rules and the Renters (Reform) Bill are pushing landlords out, and...

HMRC has raised its late payment interest rate to 7.75%, the highest since 2001, effective from August 22, 2023. The adjustment applies to various taxes, including income tax and National Insurance contributions. Despite the increase, HMRC maintains a 4.25% interest...

Landlords face a financial squeeze with rising interest rates and Section 24 restrictions. Many are at a breaking point, prompting considerations like exiting the rental business or ownership restructuring. The surge in rates, reaching 5.25% from 0.1% since March 2020,...

Landlord Exodus Evident as CGT Statistics Surface: A wealth management firm analyzes fresh government data on Capital Gains Tax (CGT) and reveals a trend of landlords leaving the buy-to-let sector due to various factors, such as tax regulations, mortgage rates,...