Claims for Hosuing Benefit – help your tenants to pay the rent Download the Full Newsletter Editorial: Following one of the UK’s longest periods of sustained economic growth, encouraging too much borrowing, it seems ironic that our government is hell bent on record borrowing (£175 billion this year) to try and get us out of [...]
Property prices are still too high in the UK and the promised turnaround later in the year forecast by Alastair Darling in the Budget 2009 is unlikely, say the International Monetary Fund (IMF). PropertyTaxPlus.co.uk – April 28th, 2009 House prices have already dropped by about 20%, but despite estate agents and developers talking up the [...]
CBRE Executive Director of Retail David Kenningham believes the current economic downturn could change the way retail property is leased in the future. Iain O’Neil, Property Week – 27 April 2007 Kenningham told PWTV: ‘I think there is an opportunity now for a landlord to take the high ground and come out with a totally [...]
Hundreds of thousands of Britons who own second homes in Europe could receive a windfall of up to five years’ worth of tax paid back to them by HM Revenue & Customs (HMRC). Rebecca O’Connor, The Times – 25 April 2009 In a bizarre twist to a change in tax law slipped out by HMRC [...]
Let’s be clear, the higher rate tax band in 2010 on earned income above £150,000 is 51% and not 50%. In 2011 it goes up to 51.5%. For those earning more than £100,000 marginal tax rates will exceed 60%! That’s placing the UK amongst the highest income taxing countries in Europe. Unearned income, such as [...]
People who own a holiday-home in the UK will lose a range of tax benefits from next April after a hidden clause in the Budget revealed the holiday lettings rules are to be scrapped. Johanna Gornitzki, Moneywise.co.uk – Wed, 22/04/2009 Under current legislation, landlords who own a holiday property in the UK enjoy several benefits [...]
THE severe impact of the economic downturn on the Island has resulted in a 27 per cent increase in the number of new housing and council tax benefit claims. Martin Neville, Isle of Wight County Press – Thursday, April 23, 2009 The total number of new claims received for the year April 2008 to March [...]
The property industry has reacted furiously to a budget that ‘ignores’ the industry. Jennifer Rigby, Property Week – 22 April 2009 Despite introducing a year’s delay to the community infrastructure levy, pledging to look at tax increment financing and some technical changes on REITS, as well as some help for the housing industry, the government [...]
The property industry has dismissed the Budget’s package of measures for the housing market as “ineffectual” and “not bold enough”. Graham Norwood, Telegraph.co.uk – 22 Apr 2009 The property industry has dismissed the Budget’s package of measures for the housing market as “ineffectual” and “not bold enough”. With prices down 20%, completed sales down over [...]
accommodationforstudents.com’s latest figures show that student rents have increased 19% over last 5 years whilst general residential rents are 6% down on last year – (London, 6/4/09) The latest figures on student rents released today by accommodationforstudents.com (afs), the UK’s No 1 student accommodation website, reveal that the average UK weekly student rent continues to [...]
