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KEYWORD "Treasury" - 100 RESULTS
Ground Rents U-turn hailed ‘a victory for common sense’

What appears to be another government housing policy U-turn - this time on ground rents - is being hailed as “a...

26 March 2024

From: Breaking News

Give tax perks to renters to help them buy, urges think-tank

A think tank is urging the UK government to consider tax perks for private renters to help them save faster for...

20 March 2024

From: Breaking News

Banks Closing Pooled Client Accounts - agents urge government action

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

Right To Buy cash ‘stolen’ by government will worsen rental crisis

An umbrella group called London Councils has expressed “extreme concern” at the government’s decision to stop letting local authorities keep money...

13 March 2024

From: Breaking News

New Banking Scandal as thousands of agency accounts are closed

A Parliamentary committee has heard that thousands of small and medium-sized letting agencies were debanked in 2023, with financial institutions forcibly...

11 March 2024

From: Breaking News

Tax Grab - rental sector may not be viable warns Propertymark

The chief executive of Propertymark has made an outspoken attack on the government in response to its latest attempt to extract...

04 March 2024

From: Breaking News

Tax Raid planned on rental sector in Budget - report

The Budget on Wednesday will contain a £300m tax raid on the rental sector according to a report this morning -...

03 March 2024

From: Breaking News

HMRC rakes in hundreds of millions more in property-related tax

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

MPs turn on Airbnb and other short lets

Prominent MPs from the Conservative and Liberal Democrat parties have renewed their onslaught on Airbnb and other short let platforms.  Former Lib...

06 February 2024

From: Breaking News

Huge rise in property tax for HMRC ahead of possible Budget change

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

Budget 2024 - Just days left for agents to send ideas to Jeremy Hunt

Agents who want to put their arguments for lettings fiscal reform to the Chancellor have until 5pm next Wednesday to submit...

19 January 2024

From: Breaking News

Tax Grab - Big rise in Inheritance Tax paid to HMRC

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

This week’s inflation news may determine a New Year interest rate cut

All eyes are on HM Treasury this week ahead of the next inflation figures, to be released on Wednesday morning. Analysts suggest...

18 December 2023

From: Breaking News

Shareholders reach decision on takeover of OnTheMarket

The shareholders of OnTheMarket have reached their decision on the portal's controversial takeover by CoStar.  A statement released this afternoon says: "The...

04 December 2023

From: Breaking News

Big rise in tax receipts as Chancellor ponders Autumn Statement

Inheritance Tax totalled £4.6 billion for the HM Treasury between April and October - that’s £500,000 up on the same period...

22 November 2023

From: Breaking News

Client money accounting made easy with PayProp

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

Government may change rules governing Pooled Client Accounts

A government minister has pledged to act on the threat to lettings agents posed by banks acting against pooled client accounts. Many...

20 October 2023

From: Breaking News

Pooled Client Accounts - Government admits problem with banks

It looks as if the government is accepting that there is a problem with how banks treat Pooled Client Accounts -...

09 October 2023

From: Breaking News

“Heavy Handed Banks” slammed for pooled client account crisis

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

Want to give advice to Chancellor Jeremy Hunt?

The Autumn Statement on November 22 is the traditional vehicle for the Chancellor to introduce tax change - but now you...

27 September 2023

From: Breaking News

Agents demand incentives to make EPC improvements

Propertymark is backing a call for financial help for landlords who improve the energy efficiency of their properties. The think tank E3G...

04 September 2023

From: Breaking News

Treasury ponders different anti-money laundering systems

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

Propertymark’s plan to curb economic crime in our industry

Propertymark has put forward a six-point plan to slash economic crime in the property sector. The trade body says a series of...

17 July 2023

From: Breaking News

Agents step up call for scrapping of LHA freeze

Propertymark has renewed its call for Local Housing Allowance  - which has remained static since 2020 - to be increased. It says...

05 April 2023

From: Breaking News

Tory MP blames Airbnb lets for shortage of staff accommodation

A Conservative MP in a tourist region has blamed the switch of rental accommodation to Airbnbs for a shortage of places...

27 March 2023

From: Breaking News

Pooled Client Accounts - banks accused of making mistakes

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

Jeremy Hunt fires starting gun on next spring’s Budget

The next Budget, setting out government tax and spending plans, will be held on March 15 next year. Chancellor Jeremy Hunt says...

23 December 2022

From: Breaking News

Mortgage experts give gloomy forecasts on buy to let

Mortgage experts appearing before a committee of MPs have given an especially gloomy forecast for the buy to let sector in...

07 November 2022

From: Breaking News

Revealed - the junior housing ministers working with Gove

As the Rishi Sunak government’s lower ranks finally take shape, the junior ministers working with Housing Secretary Michael Gove have been...

31 October 2022

From: Breaking News

Stamp Duty - Chancellor Hunt reveals what happens next

The new Chancellor, Jeremy Hunt, says the limited cut in stamp duty in England and Northern Ireland announced in the mini-Budget...

17 October 2022

From: Breaking News

Compliance negligence could cost agents, warns Propertymark

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

 Stock shortage to worsen unless massive rental targets are met

New research commissioned by the landlords’ trade body shows that the UK needs almost 230,000 new private rented homes a year...

18 February 2022

From: Breaking News

HMRC conducting short-notice visits to agents says compliance chief

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

Reform tax, Beef up rogues database - Agents demand radical rental reforms

ARLA Propertymark has launched a radical programme of reform for the private rental sector - getting in before the government’s own...

15 December 2021

From: Breaking News

 New tax system for Airbnbs and holiday lets being finalised by government

The government says it’s finalising plans for a new tax regime to apply to additional homes, and in particular those used...

09 November 2021

From: Breaking News

Agency head tells Sunak - stop hammering the private rental sector

The head of a lettings agency has drawn up a wish list for Chancellor Rishi Sunak to address in his Budget...

14 October 2021

From: Breaking News

Agents demand funds to clamp down on rogue operators

ARLA Propertymark is calling on the government to properly fund local authorities so they can combat rogue operators in the private...

08 October 2021

From: Breaking News

Warning to government - fix rental sector or face stock drought

The lettings agents’ group Propertymark has told Chancellor Rishi Sunak that unless the private rented sector is overhauled many landlords will...

07 October 2021

From: Breaking News

Eviction Ban: government accused of hypocrisy over tenants’ rights

Baroness Alicia Kennedy has accused the government of hypocrisy over its diverging approach to evictions for commercial and residential tenants. On Wednesday...

18 June 2021

From: Breaking News

Relief for letting agents as mandatory mediation threat is lifted

The government has surprised observers by announcing that compulsory mediation over Covid-related arrears would happen in the commercial sector - but not...

17 June 2021

From: Breaking News

Relief for lettings sector as mandatory mediation threat is lifted

The government has surprised observers by announcing that compulsory mediation over Covid-related arrears would happen in the commercial sector - but not...

16 June 2021

From: Breaking News

HMRC deadline for letting agents in just two weeks’ time - warning

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

700,000 will use Breathing Space debt delay, admits government

The government has admitted that “hundreds of thousands” of people will use the new Breathing Space system, during which they cannot...

05 May 2021

From: Breaking News

Lettings agency moving into sales after snapping up rival firms

Letting agency My Property Box is moving into property sales as part of a significant expansion of its business. The decision follows...

07 April 2021

From: Breaking News

Surprise as Capital Gains Tax left unchanged in government plans

The lettings sector is giving a sigh of relief at the absence of any change to Capital Gains Tax by HM Treasury. CGT...

24 March 2021

From: Breaking News

Budget: Will it hurt or help the private rental sector?

A leading PropTech expert says the lettings industry hopes next week’s Budget will provide clarity on taxes - but he’s also...

23 February 2021

From: Breaking News

ARLA warns that ‘many landlords can no longer make ends meet’

ARLA Propertymark has reiterated its demand for the government to give financial support to the private rental sector. In its submission to...

08 February 2021

From: Breaking News

Capital Gains Tax hike risks mass exodus from buy to let - claim

A prominent agent and industry commentator says the threat of higher Capital Gains Tax risks forcing yet more investors to quit...

13 November 2020

From: Breaking News

Banks Red Tape: Breakthrough for agents on Pooled Client Accounts

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

Shocking large scale tax evasion by landlords - claim

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

Warm welcome for eco-grants given by lettings trade body

The National Residential Landlords Association is giving the thumbs up to the government’s Green Homes Grant, which it claims has taken...

05 August 2020

From: Breaking News

CGT Threat: Propertymark warns government not to hurt buy to let

Propertymark is the latest industry body to warn the government against Capital Gains Tax changes that may disincentivise landlords. A joint statement...

20 July 2020

From: Breaking News

Capital Gains Tax review may spell bad news for buy to let

Chancellor Rishi Sunak has requested a review of Capital Gains Tax rules from the Office for Tax Simplification - leading to...

15 July 2020

From: Breaking News

Anti-Money Laundering: ARLA worry over agents’ responsibilities

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

Slash Capital Gains Tax on rental sales, Chancellor urged

A trade group’s submission to the Treasury ahead of next month’s Budget includes a call for the new Chancellor to slash...

18 February 2020

From: Breaking News

Savvy landlords can still make Buy To Let work insists property chief

There’s still life in the buy to let market despite the regulatory and financial changes in recent years according to a...

24 December 2019

From: Breaking News

Agents warned: Prepare for imminent Anti-Money Laundering changes

[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

Treasury does not understand basics of taxation, says damning report

A damning report on taxation in the private rental sector (PRS) has accused the treasury of appearing not to understand 'the...

10 May 2019

From: Breaking News

Double Trouble: buy to let investors pay twice the tax of Tesco

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

Lodger dodgers and Airbnb landlords may be targeted in Budget

A newspaper claims landlords who ‘game’ the current tax regime for short term lets and lodging may be in the firing...

15 October 2018

From: Breaking News

CGT incentive for longer tenancies - limited backing from trade body

There has been limited support given from some parts of the lettings industry to a proposal offering Capital Gains Tax relief...

09 October 2018

From: Breaking News

Government tipped to announce tax breaks in return for longer tenancies

Media speculation over the weekend has suggested that the government may be about to give tax breaks to landlords agreeing to...

08 October 2018

From: Breaking News

Is the government planning to pull the plug on three-year tenancies?

Reports have emerged this week that the government is planning a U-turn on its proposals to introduce mandatory three-year minimum tenancies...

06 September 2018

From: Breaking News

Government feels the heat over private rental energy efficiency targets

The government should be more ambitious when it comes to ensuring the private rented sector becomes increasingly energy efficient. That’s the message...

08 August 2018

From: Breaking News

Warning - ANOTHER stamp duty threat to buy to let this autumn

A newspaper in warning that the beleaguered buy to let sector may be under attack yet again with the government considering...

06 August 2018

From: Breaking News

Tax bombshell may curb Airbnb-style short lets

The government has suggested that it is at least considering changing the terms of its Rent A Room system which could...

10 July 2018

From: Breaking News

PropTech firm questions whether long-term tenants need referencing

A prominent PropTech startup is questioning whether long-term tenants need to go through the traditional referencing process when moving between rental...

07 June 2018

From: Breaking News

Tax changes 'level the playing field' - government responds to BTL petition

The government has responded to a petition calling for it to abolish the 3% stamp duty surcharge and reintroduce full buy-to-let...

29 May 2018

From: Breaking News

In The Money: £162,500 profit from each buy to let over 25 years

Time to put the gloom and doom about buy to let to one side - a new analysis shows that a...

11 May 2018

From: Breaking News

Another £1.4m of public funding for PropTech 'help tenants buy' projects

The government says that later this year it will allocate a further £1.4m to PropTech firms looking at how tenants’ rent...

21 March 2018

From: Breaking News

Agent launches petition to oppose credit/debit card surcharge ban

An agency operating in London and Essex has launched an online petition to oppose the ban on credit and debit card...

17 January 2018

From: Breaking News

Confirmed - credit card surcharge ban DOES apply to letting agencies

The Treasury has confirmed to Letting Agent Today that the ban on credit card surcharges which came into effect in recent...

16 January 2018

From: Breaking News

Agency says buy to let still benefits from £16.7 billion tax relief

The UK’s army of buy to let landlords will still benefit from £16.7 billion worth of tax relief even after the...

09 January 2018

From: Breaking News

Build To Rent will never meet demand by tenants, government told

A trade body says the expanding Build To Rent sector will never be large enough to meet tenant demand and as...

28 September 2017

From: Breaking News

Treasury told: 'Reform Capital Gains Tax to help lettings sector'

The National Landlords’ Association appears to be first off the starting blocks with its submission to government ahead of the next...

25 September 2017

From: Breaking News

Tell the Chancellor what he should do ... but please, be polite

Now you have a rare opportunity to tell Phillip Hammond and Treasury civil servants exactly where they are going wrong with...

23 August 2017

From: Breaking News

Figures debunk myth that buy to let investors are wealthy

Far from being wealthy property investors, two thirds of individual landlords pay merely the basic rate of income tax according to...

06 July 2017

From: Breaking News

Tory peer attacks his party over anti-rental sector policies

Conservative peer Lord Flight, a former shadow Chief Secretary to the Treasury, says the UK needs “a vibrant and growing private...

31 May 2017

From: Breaking News

Mortgage interest tax change - election candidates receive 1,500 letters

Some 1,500 landlords have responded to a trade group’s campaign calling for them to press General Election candidates to oppose changes...

22 May 2017

From: Breaking News

ARLA still angry over increasing tax burden on lettings sector

As the new restrictions on landlords’ mortgage interest tax relief come into effect this week, ARLA Propertymark has restated its objections...

04 April 2017

From: Breaking News

UK letting agents' fees cheaper than many countries, claims ARLA

The Association of Residential Letting Agents is keeping up its campaign against a ban on agents’ fees in England by showing...

29 March 2017

From: Breaking News

Budget: No new property taxes - but landlords may still be hit

Chancellor Phillip Hammond has introduced no new property taxes in his Spring Budget - but a clampdown on those setting up...

08 March 2017

From: Breaking News

Trade body asks government to give reasons for incoming tax changes

The Residential Landlords Association (RLA) is writing to the Office for Budget Responsibility asking it to provide clarification on controversial tax...

07 March 2017

From: Breaking News

Trade body wants much stricter regulation on letting agents

The Chartered Institute of Housing wants the government to introduce a raft of new measures including significantly greater regulation of letting...

21 February 2017

From: Breaking News

Economists asked to assess impact of buy to let tax changes

A trade group has commissioned a firm of economists to look at how the government’s mortgage interest tax relief change -...

14 February 2017

From: Breaking News

Group calls for capital gains and energy efficiency reforms

The National Landlords Association is making only three demands on the government for its next Budget, because it recognises further reforms...

27 January 2017

From: Breaking News

Want to lobby Phillip Hammond? Here's how you do it...

The government has published a new set of guidelines for organisations, companies and individuals to lobby the Treasury ahead of the...

03 January 2017

From: Breaking News

Labour MP suggests buy to let tax breaks for longer tenancies

A Labour MP has told the House of Commons that she is in favour of a tax regime that would reward...

05 December 2016

From: Breaking News

New Bank of England claim that buy to let 'risks economic stability'

There is a new warning from the Bank of England suggesting that - despite all the recent measures aimed against buy...

02 December 2016

From: Breaking News

Bank of England quizzing lenders over buy to let stress tests

The Financial Times reports that the Bank of England is questioning buy to let mortgage lenders and banks as part of...

29 November 2016

From: Breaking News

Industry body launches e-postcard campaign over buy to let taxes

The National Landlords Association has launched an e-postcard campaign for letting agent and landlord members to lobby the government over the...

10 November 2016

From: Breaking News

Industry body to lobby Treasury on tax before Autumn Statement

The Residential Landlords’ Association has revealed that it is to meet with Treasury officials ahead of next month’s Autumn Statement -...

27 October 2016

From: Breaking News

Tory peer renews attack on his party over buy to let tax grab

A senior Conservative peer has renewed his attack on his own party over the buy to let tax grab on landlords,...

17 October 2016

From: Breaking News

Labour's John Healey back on front bench after 'coup' against Corbyn

Labour’s respected housing expert, John Healey, is now back on the front bench as the party’s housing spokesman after a spat...

11 October 2016

From: Breaking News

Government provides details of buy to let interest tax relief change

Any lingering hope that the buy to let sector might have of a rethink by the new Chancellor over restructuring mortgage...

21 July 2016

From: Breaking News

Assembly urged to scrap its 3% buy to let stamp duty surcharge

The Residential Landlords Association is asking the Welsh Assembly to scrap the three per cent stamp duty surcharge imposed on buy...

20 July 2016

From: Breaking News

Another warning of buy to let mortgage restrictions coming soon

There has been another high-level prediction that mortgage lending for buy to let investors is likely to be restricted further in the...

18 July 2016

From: Breaking News

Hammond urged to 'delete all and start again' on buy to let taxes

New Chancellor Phillip Hammond has been urged by an industry trade group to reset the government’s approach to taxing the buy...

15 July 2016

From: Breaking News

Tory MPs speak out against Osborne's mortgage interest relief tax change

On the day of the campaign rally to galvanise support for a bid to win a judicial review of George Osborne’s...

09 June 2016

From: Breaking News

Decision on judicial review of buy to let tax changes expected to be known soon

The people behind the campaign to seek a judicial review of the buy to let tax changes proposed by Chancellor George...

06 April 2016

From: Breaking News

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