Tax & Other Financial

The Office for National Statistics has published a report entitled Changes in private rental sector behaviour, England and Wales: February 2022 to September 2023. It can be seen here, and in summary found: Compared with last year, it has become more likely for prices...

HMRC has produced this material for landlords concerned at the prospect of self-assessment  What is Self Assessment and why do I need to do it? Self Assessment is the process used to declare and pay tax owed on untaxed income. If you are employed, then your employer...

HMRC have published new data that shows the number of unincorporated landlords in the UK has risen to 2.82 million in 2021 to 2022. An unincorporated landlord is an individual that declares their rental income and expenses on their personal tax return, the name of the...

Hargreaves Lansdown has written a fact sheet to compare pension and property. They state 'We wrote this factsheet to give you useful information, but it's not personal advice. If you’re not sure about what’s right for you, take advice. Remember that investments and...

The Bank of England’s Monetary Policy Committee (MPC) has voted 6 to 3 to maintain the Bank Base Rate at 5.25%. The Bank of England Summary stated: “The MPC will continue to monitor closely indications of persistent inflationary pressures and resilience in the economy...

The Financial Times has published an article looking at the problems women have experienced trying to find affordable housing in the UK. The full article can be seen here (subscription may be necessary) and says 'It is now almost impossible for the most vulnerable...

Some 15 per cent of landlords are considering selling up due to rising costs associated with their property, data from Cornerstone Tax has revealed. This news comes in light of last week’s report from The Hamptons Monthly Letting Index which found that UK landlords...

Some economists had predicted a fall in house prices last month and were surprised when the latest Nationwide Index saw a 0.9% month-on-month increase – which added more than £1,600 to the cost of a typical property – has been linked to a shortage of homes on the...