News
UK property market buoyed by interest rate cut
Home-buying activity in the UK is expected to surge this autumn, according to analysts, after the Bank of England’s first base rate cut since 2020 injected optimism into the property market. The central bank on Thursday reduced interest rates by ... more
Tax is changing for holiday lets
HMRC is changing the rules for furnished holiday lets (FHLs) and will abolish specific tax treatment and separate reporting requirements, bringing them into line with other property businesses.What will be different?Currently, properties classed as FHLs ... more
Property Tax Loophole costing councils millions, claims consultancy
A property firm has branded the current council tax rules for holiday homes “a mess” and says local and national government are losing millions of pounds of potential income as a result.Colliers estimate the total loss to government due to the system ... more
Renting out a spare room: what you can and can’t do | The legal and tax implications of taking on a lodger for extra cash (and babysitting duties)
A couple’s attempt to rent a room in their family home – on the condition the prospective tenant babysits their children – has sparked a debate about Britain’s rental market.The advert, posted on SpareRoom, offers a reduced monthly rent of £400 ... more
New scheme to improve rental property conditions
A new scheme to help deal with poor property conditions and management standards for smaller Houses in Multiple Occupation (HMOs) is being introduced across Brighton and Hove.The city-wide additional licensing scheme, which comes into force on Monday, ... more
The key property laws in the King's Speech set to affect millions of homeowners and renters
King Charles has unveiled Labour's legislative agenda in Parliament today (July 17) during the second King's Speech of his reign. The King delivered 40 bills revealing the first new laws that Keir Starmer and his Labour party want to pass after ... more