Tag: Capital Gains Tax
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BTL Landlords Are Getting Savvy, Are You?
The buy-to-let (BTL) market is no longer the gravy train it used to be. Forget the ‘accidental’ landlords, those who just happened to own a spare property – they’re increasingly heading for the exit door. But while the casual investor is struggling to make ends meet, professional landlords are thriving and snapping up opportunities left…
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Crackdown on Airbnb? Taxman Targets Short-Term Let Landlords
HM Revenue and Customs (HMRC) has dramatically increased its scrutiny on landlords who rent out their properties through Airbnb and other short-term rental platforms. This initiative highlights the government’s effort to ensure tax compliance in a rapidly growing sector. The Daily Telegraph, after a Freedom of Information request to HMRC, revealed a stark increase in…
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New Rules Shake Up Holiday Home Market, Cause Potential Mortgage Troubles
A significant shake-up is on the horizon for the holiday let market due to new regulations proposed by Michael Gove, the Levelling Up Secretary. Set to empower local councils in England with new authority, these rules will allow them to designate specific areas where homeowners must obtain planning permission before converting their properties into holiday…
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Landlords Flee North East’s Buy-to-Let Market Amid Financial Strain
In the North East of England, a significant number of buy-to-let landlords are choosing to exit the property market, confronted by diminishing profits and escalating mortgage rates. The trend reflects broader economic challenges and shifting market dynamics that have made the buy-to-let investment increasingly untenable for many. Karen Whiting, an associate director at Durham-based Azets,…
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London’s Property Plight – House Prices Take a Dive In Affordability Crunch
London’s housing market has been underperforming compared to the rest of the UK for the last eight years, primarily due to sky-high property costs and shifting housing trends post-COVID. The latest figures from February 2024 paint a grim picture, showing a 4.8% decline in house prices from the previous year. This stark downturn is in…
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Buy-to-Let Yields Rise Despite Costly Challenges
The allure of investing in buy-to-let properties continues to strengthen in the UK, with average yields now standing at a robust 5.8%, marking a significant rise from the 4.9% observed two years ago. This data, revealed by a study from Octane Capital, highlights the evolving dynamics in the rental market, despite the various financial pressures…
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Buy-to-Let Yields – Where Your Money Works Hardest
Research conducted by Lomond, an estate and letting agency group in the UK, shows Britain’s average rental yield stands at 4.5%, marking a rise from 4% just a year ago. Leading the charge with an average rental yield of 5.4%, Scotland emerges as the king at a regional level. Not far behind, the North East…
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Landlords Scale Back – The Shift in the Buy-to-Let Market
Recent research has illuminated a trend where landlords are trimming down their investment portfolios, despite witnessing a solid increase in rental incomes. This analysis, conducted by Open Property Group, looked into the shifting sands of the buy-to-let sector across England and Wales, revealing a significant reduction in property holdings among investors. A Closer Look at…
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Cornwall’s Housing Market – The Tide Turns
Cornwall, the picturesque jewel of the UK’s southwestern coast, experienced a property market boom during the pandemic unlike any other. With homes fetching prices well above the asking rate amid a frenzy of buying activity, the region was a sellers’ paradise. However, recent shifts indicate a dramatic change, turning it into a market where buyers…
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Landlords to Feel the Pinch – New Tax Changes Could Cost You More
UK landlords looking to sell their properties might find themselves forking out more in taxes, despite recent announcements in the Budget that seemed to promise relief. Jeremy Hunt, in his latest Budget speech, unveiled what was initially seen as a boon for landlords – a reduction in the rate of Capital Gains Tax (CGT) for…