Landlords in England and Wales might not be aware, but there is a free property alert service that monitors any significant activity on let property. There is greater risk of a property being fraudulently sold or mortgaged if the landlord lives overseas, the property is empty or if there is no mortgage. Signing up for […]
State pension increases could be outpacing inflation next April, and there’s no guarantee of the Triple Lock surviving the next election. Source: IFS. In mid-September, the Office for National Statistics (ONS) published the latest earnings data, covering the period May to July 2023. Earnings data has been the focus of much attention recently because a […]
The government’s backtracking over the introduction of energy performance targets for property let out in England and Wales is facing criticism, but it will be welcome news for landlords with older properties deemed too expensive or difficult to upgrade. Let property must currently have an energy performance certificate (EPC) rated E or above. Without this, […]
In July, the government was reported as holding talks on abolishing inheritance tax (IHT). This wasn’t given much credence at the time, but there are now reports that the March 2024 Budget will include a reduction to the 40% IHT rate as a prelude to future abolishment. IHT is charged at the rate of 40% […]
New HMRC statistics have shed some light on how many companies are affected by the recent hike in corporation tax rates. Just over 1.5 million companies paid corporation tax for the financial year to 31 March 2022, but only 7% fell above the £50,000 small profits threshold. Although fewer than 100,000 companies are likely to […]