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Latest News
Budget 2024 – Stamp Duty Land Tax Raised for Landlords
The government has raised Stamp Duty Land Tax (SDLT) for landlords to 5%
on properties purchased up to the £250,000 threshold. Previously this
rate was 3%, a huge increase when considering the value of properties.
Increased
tax liability will discourage many small landlords from entering the
market or cause existing landlords to increase their rental portfolio.
Will Capital Gains Tax Changes Affect Rental Properties?
Chancellor Rachel Reeves announced changes to the rates of Capital Gains Tax (CGT) in the Labour government's first budget since coming to power.
However, the Chancellor has announced that the capital gains tax on the sale of buy-to-let properties and second homes will not be changed.
Rooms To Rent and The UK Energy Price Cap
The new energy price cap in the UK, which sets the maximum rates an energy company can charge for gas and electricity, took effect on October 1, 2024. This cap will run until the end of December 2024, when a new, higher, or lower cap will be introduced.
Decent Homes Standard and How it Applies to Rooms To Rent.
The Decent Homes Standard is a set of UK Government guidelines focusing on improving and maintaining quality standards in UK Social Housing. Social Housing would include properties provided by local councils and housing associations.