It’s not easy for anyone - even professionals like lettings and estate agents - to keep up with the blizzard of...
Archive
Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...
13 March 2024
From: Breaking News
Airbnb - which recently announced it’s sharing some information about its landlord hosts with HMRC - is now sharing data with...
12 March 2024
From: Breaking News
Email and instant messaging contact details must be kept up to date for HMRC to contact agents about Anti-Money Laundering supervision. Propertymark...
28 February 2024
From: Breaking News
HM Treasury raked in £6.3 billion in inheritance tax receipts in the 10 months from April 2023 to January 2024 according...
23 February 2024
From: Breaking News
Stamp duty receipts dipped four per cent to £2.4 billion in Q3 of last year - no less than 25 per...
01 February 2024
From: Breaking News
Figures released by HMRC show that the Treasury raked in £5.7 billion in inheritance tax receipts in the nine months from...
24 January 2024
From: Breaking News
Airbnb and other short let platforms are from this week required to send data on their clients’ earnings to HMRC. And a...
03 January 2024
From: Breaking News
The latest figures from HM Revenue and Customs show that inheritance tax receipts increased to £5.2 billion in the eight months...
28 December 2023
From: Breaking News
A new Bank of England survey has confirmed a growing outflow of landlords from the private rental sector since 2020. The Bank’s...
22 December 2023
From: Breaking News
A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...
26 October 2023
From: Sponsored Content
Propertymark has responded to an HM Treasury consultation on anti-money laundering processes - and in doing so it’s slammed “heavy handed...
28 September 2023
From: Breaking News
A respected measure of investor confidence says it’s on the rise as a result of growing optimism over UK inflation figures...
15 August 2023
From: Breaking News
More than 20,000 UK estate agency branches have registered with HMRC for money laundering supervision – but thousands have yet to...
14 August 2023
From: Breaking News
The Chancellor, Jeremy Hunt, is being urged to act now to stop the problems banks are creating for letting agents. Following a...
08 August 2023
From: Breaking News
HM Treasury has published a consultation on reform of the anti-money laundering supervisory system, giving four options. Currently the supervisory system is...
27 July 2023
From: Breaking News
The average Anti-Money Laundering fine issued to estate agents for non-compliance in 2022-23 is almost half as large again as in...
19 July 2023
From: Breaking News
Anti-money laundering consultancy FCS Compliance has announced its latest Webinar for agents using Rightmove. And with it comes a warning that the...
29 June 2023
From: Breaking News
Lettings agencies which rely on manual means of verification are risking repetitional damage caused by anti-money laundering regulations, a digital compliance...
11 April 2023
From: Breaking News
A company in the identity verification sector is warning that anti-money laundering checks are set to reach a new intensity in...
24 March 2023
From: Breaking News
The Bank of England’s monetary policy committee meets today to decide on its base interest rate amidst shock at the latest...
23 March 2023
From: Breaking News
The Register of Overseas Entities, which came into force back in August, requires all overseas entities owning property in the UK...
19 January 2023
From: Breaking News
Fines issued to agents for anti-money laundering non-compliance are getting bigger, reversing a downward trend seen throughout the pandemic, according to...
18 January 2023
From: Breaking News
Propertymark says banks are still misinterpreting Anti-Money Laundering rules regarding pooled client accounts, making life difficult for letting agents. The trade body...
12 January 2023
From: Breaking News
Automated client account platform Lettspay is to become a supplier to the Federation of Independent Agents. Lettspay, which is registered with the...
12 January 2023
From: Breaking News
The vexed subject of letting agents and landlords preparing for the Making Tax Digital regime is to be examined in a...
16 November 2022
From: Breaking News
With only 48 hours to go before the Autumn Statement confirms stealth tax rises and massive public spending cuts, Propertymark has...
15 November 2022
From: Breaking News
A holiday lettings agency has criticised the proposed rise in capital gains tax which may be introduced this week in the...
14 November 2022
From: Breaking News
The Financial Times has an exclusive saying allowances on property taxes such as Capital Gains and Inheritance will be frozen -...
08 November 2022
From: Breaking News
Agents should look to lettings to protect themselves when the sales market is hit by the coming recession and drop in...
08 November 2022
From: Breaking News
Propertymark says it’s opened compliance cases against five member agencies following the latest HMRC publication of businesses who have failed to...
12 October 2022
From: Breaking News
There’s good news and bad news for letting agents on the anti-money laundering front. The good news is that the overall number...
23 September 2022
From: Breaking News
Propertymark is urging lettings agents to familiarise themselves with recent updated guidance to avoid falling into non-compliance. The trade body says updated...
15 September 2022
From: Breaking News
HMRC has issued a reminder to letting agents about how operate the Non-resident Landlords Scheme. This requires anyone in the UK who...
26 August 2022
From: Breaking News
The number of active holiday lets has increased by a third in some of England’s most popular short break destinations. The biggest...
11 August 2022
From: Breaking News
The two main reasons that an agency decides to outsource are to reduce costs and to have the ability to focus...
01 August 2022
From: Sponsored Content
Rightmove hosts its latest anti-money laundering webinar next week. The hour-long session at 10am on Tuesday July 19 - a week today...
12 July 2022
From: Breaking News
The two main reasons that an agency decides to outsource are: 1.) To reduce costs 2.) To have the ability to focus on...
27 April 2022
From: Sponsored Content
The UK lettings and estate agency is being targeted by crime syndicates in order to launder dirty money. That’s the claim of...
27 April 2022
From: Breaking News
A technology platform claims that as many as a third of lettings agencies that should be compliant with anti-money laundering regulations...
25 April 2022
From: Breaking News
Proceedings against a bankrupt letting agent have been delayed 10 weeks to allow mental health reports to be prepared. Madelaina Eftekhari is...
04 April 2022
From: Breaking News
Letting agents are being urged to respond to a consultation opening today from rhe independent Office for Tax Simplification. The OTS has published an...
17 March 2022
From: Breaking News
A finance chief is warning that the threat of possible rises in Capital Gains Tax should be dismissed by the government to...
09 February 2022
From: Breaking News
An hour-long webinar this week aims to inform agents how to deter property fraud by greater emphasis on compliance, due diligence...
24 January 2022
From: Breaking News
HM Revenue & Customs officers are paying short-notice visits on letting and estate agents to check on their anti-money laundering compliance,...
19 January 2022
From: Breaking News
A little-known law may require tenants to pay stamp duty on the rental properties they do not actually own. London lettings agency...
12 January 2022
From: Breaking News
FCS Compliance has announced its latest anti-money laundering webinar tailored exclusively for Rightmove members. Are you ready for an HMRC inspection is...
12 November 2021
From: Breaking News
Baroness Alicia Kennedy, director of the Generation Rent campaign, says rents in Wales, Scotland and South West England have soared thanks...
18 August 2021
From: Breaking News
Two lettings agencies are amongst three property agents which have been fined by HM Revenue & Customs for breaching anti-money laundering...
18 August 2021
From: Breaking News
ARLA Propertymark has thrown its weight behind a call for HMRC to extend the time limit for the payment of Capital...
11 June 2021
From: Breaking News
There are just two weeks left for letting agents to register with HM Revenue & Customs if they want to be...
27 May 2021
From: Breaking News
An anti-money laundering PropTech consultancy claims agents are in serious danger of non-compliance with new regulations, unless they ditch paper documents and...
25 May 2021
From: Breaking News
A compliance specialist is reminding the industry that the deadline by which letting agents must register with HMRC if they are...
17 May 2021
From: Breaking News
The government’s much-vaunted ‘tax day’ produced few challenges to the status quo - but holiday lets are under scrutiny. Currently the holiday let...
24 March 2021
From: Breaking News
An agency is warning that possible Capital Gains Tax changes are now a cause of major worry to their landlord customers. Barrows and...
16 February 2021
From: Breaking News
Letting agents should help landlords through a blizzard of red tape and regulation cause by local licensing schemes, a PropTech entrepreneur...
10 February 2021
From: Breaking News
A new report from the government says it’s too early to tell whether lettings agencies are abiding by new anti-money laundering...
18 December 2020
From: Breaking News
A new assessment of legislation and council rules surrounding the private rental sector suggests a severe crackdown may be coming in...
02 December 2020
From: Breaking News
Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...
20 November 2020
From: Breaking News
Rightmove is to host an anti-money laundering webinar next week, aimed at lettings and sales agents. The event, which is entitled Five...
13 November 2020
From: Breaking News
The property market, and therefore, estate agents have been accused of being the 'weak link' in the UK’s money laundering defences. This...
29 October 2020
From: Legislation & Compliance
ARLA Propertymark says there has been a breakthrough on the banking clampdown on pooled client accounts - a pain in the...
10 September 2020
From: Breaking News
Rogue landlords have been accused of tax evasion which could cost the Treasury as much as £1.73 billion a year. The accusation...
05 August 2020
From: Breaking News
ARLA Propertymark has set out its concerns over draft guidance on anti-money laundering produced by a body called the Joint Money...
16 June 2020
From: Breaking News
The HMRC’s long-awaited online register for letting agents to register their anti-money laundering activities has opened - almost six months after...
28 May 2020
From: Breaking News
HM Revenue & Customs has issued a new warning to buy to let and Holliday home owners about a major change...
16 March 2020
From: Breaking News
There’s a new warning today for buy to let investors who will be hit by tax changes coming into effect on...
20 February 2020
From: Breaking News
It’s been revealed that a clampdown on the buy to let sector by HM Revenue and Customs has produced millions of...
17 February 2020
From: Breaking News
An analysis of HMRC data reveals that the number of small buy-to-let landlords has dropped for the first time in five...
10 February 2020
From: Breaking News
It’s here - the Fifth EU Money Laundering Directive comes into force today with significant challenges and implications for letting agents. The...
10 January 2020
From: Breaking News
The Association of Residential Letting Agents says it will be issuing resources to support for lettings agents in the coming days...
02 January 2020
From: Breaking News
A landlord has been ordered to pay almost £20,000 and has been told by a judge that he was meaner than...
10 December 2019
From: Breaking News
[Letting Agent Today was ‘off air’ for some of Wednesday and most of Thursday thanks to technical problems - we apologise to...
06 December 2019
From: Breaking News
The Chartered Institute of Taxation is urging tenants not to ignore a letter if they receive one from HM Revenue &...
18 November 2019
From: Breaking News
The BBC is reporting that the short lets giant Airbnb has been contacted by HM Revenue & Customs about its tax...
23 October 2019
From: Breaking News
HM Revenue & Customs has launched what appears to be a fishing expedition to find out information about investor landlords who...
10 September 2019
From: Breaking News
A campaign by HM Revenue & Customs to encourage buy to let investors to ‘fess up’ to their unpaid tax has...
17 July 2019
From: Breaking News
The number of landlords admitting to not paying tax has soared in the past year, according to new data. During 2018/2019, 16,110...
08 July 2019
From: Breaking News
A holiday lets and short-term lettings market boom can be put down to a combination of four reasons, according to specialist...
05 July 2019
From: Breaking News
Landlords have been urged to seek advice about potential stamp duty rebates on ‘uninhabitable’ second properties after a landmark tribunal case. A...
18 June 2019
From: Breaking News
The chief executive of a specialist buy to let lender says increasing the rent to combat additional costs put on landlords...
29 April 2019
From: Breaking News
There is a warning that the HMRC’s Let Property campaign, which received huge publicity and attention for some years, has so...
14 March 2019
From: Breaking News
Income tax paid by buy to let landlords now exceeds £3.8 billion annually – that’s more than double Tesco’s entire annual...
12 March 2019
From: Breaking News
A lettings agency that has analysed HMRC data says rental income for buy to let landlords has leaped 15 per cent...
07 March 2019
From: Breaking News
The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to...
20 February 2019
From: Sponsored Content
Agents who want to go the extra mile for their landlord clients may want to point them to assistance for the...
03 January 2019
From: Breaking News
Two new PropTech services launched, targeting the lettings industry. Tenancy referencing firm FCC Paragon has launched MyMoveIn, an online platform that supports...
02 October 2018
From: Breaking News
The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...
29 August 2018
From: Sponsored Content
Government plans aimed at stopping the abuse of the current Rent A Room tax perk may overcomplicate the system and deter...
02 August 2018
From: Breaking News
The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...
02 July 2018
From: Sponsored Content
The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...
25 June 2018
From: Sponsored Content
A regional newspaper claims that a lettings agency has collapsed, its boss has gone to ground, and thousands of pounds are...
18 June 2018
From: Breaking News
An analysis of data released by HM Revenue and Customs shows that 1.9 million people earned money from property in 2015-16...
08 March 2018
From: Breaking News
HM Revenue & Customs has launched a consultation on adding tax checks to private rental sector licensing schemes - in other...
14 December 2017
From: Breaking News
Labour's housing spokesman has called on the government to give councils greater powers over the regulation of the private rental sector. In...
20 September 2017
From: Breaking News
Romans says one in four of its registered buyers in the first half of this year has been an investor, suggesting...
30 August 2017
From: Breaking News
A new report identifies in detail over 145 laws and regulations governing the private rental sector, varying across the four countries...
29 August 2017
From: Breaking News
A council claims that up to 13,000 private landlords are “of interest” to HM Revenue and Customs, where there are alleged...
15 August 2017
From: Breaking News
An economics academic says the country’s taxpayers should be “very angry” with the government for failing to collect taxes to which...