After a challenging year as a UK residential landlord, you might have read about improvements to the buy-to-let mortgage market in recent weeks. In the three months to 31 May 2021, the average interest rates for a residential landlord have declined. A two-year fixed-rate buy-to-let mortgage fell 0.10 percentage points to 2.95%. A five-year fixed[…]
Earlier this year, a new rule requiring capital gains tax on UK residential property to be reported and paid to HMRC within 30 days kicked in. This ushered in another change to tax rules affecting residential property owners, which seeks to raise more tax from the disposal of additional homes and to collect this tax[…]
How has devolution affected what tax you pay First-time buyers in England, Northern Ireland – and for a short time in Wales – were the biggest winners in the most recent shake-up to affect property taxes in Autumn Budget 2017. Philip Hammond’s headline measure was to abolish stamp duty for first-time buyers on homes worth[…]