Landlords to benefit from Brits’homeownership attitude?

Private landlords may be among those who benefit from Britons' lack of desire to own their own home.According to new research from the National Association of Estate Agents (NAEA), 30 per cent of adults in Cardiff do not want to buy a property - an attitude that has grown in popularity since the onset of [...]

Property tax for landlords with homes worth £1m

The Liberal Democrat party announced earlier this week that it is proposing an annual 0.5 per cent property tax for homes worth over £1 million.It has been suggested by Treasury spokesman for the organisation Vince Cable that the move can help others out of taxation.However, the move would leave many high-end private landlords and property [...]

Property tax holiday ‘benefits thousands’

Some 112,000 people have been able to avoid the stamp duty property tax as a result of the nil-rate threshold when buying a home being increased to £175,000, new research shows.According to Halifax, the government's decision to increase the level at which stamp duty starts has provided a boost to many homebuyers.It has now been [...]

As property tax holiday ends ‘market must adjust’

For nearly a year now, the property tax associated with buying a house up to the value of £175,000 has been frozen - but this embargo is soon to be lifted.David Amstell, founder of online property website, said that once stamp duty has to be paid again at the start of 2010, people could [...]

Homebuyers reminded of property tax changes

Private landlords and other homebuyers have been reminded that the stamp duty holiday on properties purchased up to £175,000 is soon coming to an end.December 31st marks the end of the property tax exemption period, which was implemented in 2008 and extended during chancellor Alistair Darling's Budget speech in April this year.Abbey Mortgages has warned [...]

HMRC denies clampdown on private landlords

The HM Revenue &Customs (HMRC) is not planning a tax crackdown or targeting private landlords with its measures, according to a spokesman for UK customs and tax department.Manchester Confidential reported the comment following the issuance of around 500 letters to landlords and their agents over the last few weeks, seeking information about income declared [...]

MPC votes to freeze interest rates

Private landlords and other homeowners will go through another month with interest rates at 0.5 per cent.The Bank of England's monetary policy committee (MPC) announced at noon today that the base rate will remain at this record low level throughout July.It has been set at 0.5 percentage points since March 2009 and today's decision represents [...]

Property tax and bureaucracy

Whether a property is being purchased by a private landlord or a homebuyer, the process involved in securing bricks and mortar is often a lengthy one.And content editor at property portal Michael O'Flynn has claimed that the procedure is "quite bureaucratic".Commenting further, he explained that all property buyers should remember that in the UK [...]

Asking-selling price gap narrows, says Rics

Private landlords looking to boost their property portfolios in the coming months should be aware that the gap between asking and selling prices is narrowing, it would seem.According to a survey by the Royal Institution of Chartered Surveyors (Rics), 60 per cent of its members think that this is the case, while the average difference [...]

Property tax relief ‘would help private landlords’

An exemption from some property tax would allow private landlords to put their money towards other useful landlord services, according to a survey from the Association of Residential Letting Agents (Arla).Some 61 per cent of landlords said that they would spend the extra cash on making changes to their properties, the research uncovered.Operations manager at [...]