Tax & Other Financial

Recent findings from a survey conducted by RICS reveal a positive shift in the housing market, with buyer demand on the rise and expectations for future sales improving. Additionally, house prices appear to be stabilizing, indicating a more optimistic outlook for the...

A recent study by Canopy has shed light on the financial burden faced by UK tenants, with the average tenant dedicating nearly 38.3% of their monthly income to rent. This alarming figure places many tenants on the brink of affordability, as financial experts typically...

A new guide offers comprehensive information for non-resident landlords (NRLs) regarding their tax obligations in the UK. Here's a summary of the key points covered: Definition of NRL: NRLs are individuals who have moved abroad to live, have their main home outside...

The latest Halifax House Price Index released this morning revealed a monthly change of -1% in March. Kim Kinnaird, Director, Halifax Mortgages, said: “UK house prices grew in March on a quarterly basis, by +2.0%, with annual growth slowing to +0.3%, from 1.6% in...

According to Nationwide, house prices rose by 1.6% in March year-on-year, the fastest increase since December 2022. However, this was below analysts’ expectations, and the month-on-month figure saw property prices decline by 0.2% swinging from a gain of 0.7% in...

The Telegraph is reporting on the proposal to implement a proposal to double council tax rates for second homes in England, set to commence next year, is poised to impact a significant portion of second home owners across the country. Under the new rules introduced by...

HM Revenue and Customs (HMRC) has swiftly reversed its decision to close its self-assessment telephone helpline for six months after facing backlash from taxpayers and lawmakers. The closure was initially announced, directing taxpayers to online services instead, but...

The Office for National Statistics (ONS) has released the latest data on the Price Index of Private Rents (PIPR) and the UK House Price Index, providing insights into trends in private rent and house prices across the UK. Here are the main points from the report:...

The Commons Work and Pensions Committee has published a report calling for the Government to introduce a new ‘uprating guarantee,’ to uprate working-age benefits and the Local Housing Allowance (LHA) rate each year, to end the uncertainty faced by people claiming...

Are you aware that anyone earning between £100,000 and £125,140 will into the 60% tax trap? This is due to the impact of the personal allowance taper, which effectively creates a 60% tax rate for higher earners in the UK. Here's a summary of the key points: Personal...