Property developers, investors, and letting agents running limited companies face a shake-up in the way they file financial reports with the taxman from April. Continue reading Company tax and accounts move on line from April
Property developers, investors, and letting agents running limited companies face a shake-up in the way they file financial reports with the taxman from April. Continue reading Company tax and accounts move on line from April
The Treasury announced new tax avoidance measures aimed at raising at extra £2 billion in tax over the next four years today.
The announcement is the first step of the government’s much-vaunted tax avoidance blitz on individuals and companies – and more will soon follow promises the Treasury. Continue reading Treasury crackdown to tackle £2 billion tax cheats
A flurry of results and reviews about borrowing, the economy and tax that show the current state of the UK’s finances is pretty steady, if uninspiring, are now out.
Building society gross lending was down nearly 10% in October – at £1.96 billion compared with £2.17 billion in September. Continue reading UK’s financial report – OK, but could do better. Some good news at last for Property Developers.
Buy to let lender Platform Mortgages has signalled a lack of confidence in the market by more or less stopping borrowing for landlords.
Meanwhile, another buy to let specialist – CHL Mortgages – has announced trading improvements as more landlords slash mortgage arrears. Continue reading Platform derails mortgage lending for buy to let
Capital Gains Tax (CGT) is not an opt-in process – if you have made a gain and do not already have a self-assessment tax return, the obligation is on you to report the matter to your tax office and not hope you have got away with it just because you have not had a bill.
For property tax purposes, disposing of land, residential or commercial investment properties and furnished holiday lets come under CGT rules. Continue reading Do you have Capital Gains Tax to pay on your property? It’s no good sitting tight and hoping the tax man won’t find out about any property capital gains because you could face a fine if you don’t let your tax office know by October 5
In a landmark case that could affect hundreds of similar actions waiting to go to court all over the country, Anthony Finlay was taken to court by developers AMA (New Town) for breach of contract.
He is just one of many property investors and buyers who were forced to withdraw from buying new build properties by the lack of mortgage funds arising from the credit crunch. Continue reading Developer sues homebuyer for failing to complete. A property developer has won a landmark case giving him the right to claim the full sale price of a flat from a buyer who could not raise the funds to complete his purchase due to the credit crunch
We speak to many property developers who tell us that they are not doing any new developments now, “because the economy is weak and the margins charged by funders are too high”.
Banks in the commercial and corporate sectors are paying low rates of interest on deposits which are way below the rate of inflation. Inflation remained at 3.1% in August, well above the governments 2% target. Continue reading Don’t Wait……..Develop it Now!! Say our partners specialising in property development finance
Building on the success of a property business involves much more than managing tenants in rental homes.
Many investors start to lose a grip of their property business once they have two or three successful property transactions under their belt and their portfolio starts to grow. Continue reading What sort of property business do you run? This is the first in a series of articles that we will be running in Landlord News explaining how to optimise the ownership structure of your property business for tax purposes
