Second home owners face extra bills as tax loophole set to close
Michael Gove, the Levelling up Secretary, is expected to announce new tax rules that will have a major impact on second home owners.
NEWS ARCHIVES
Rogue landlord banned over ‘shocking’ state of property
The landlord has been barred from letting or managing properties for the next five years and will have his name added to the government’s Rogue Landlord database.
Updated Covid-19 guidance for estate agents
Updated guidance: Following the emergence of the Omicron variant of COVID-19, the government says it has been necessary to re-introduce some measures to manage the virus.
House price growth set to ‘slow considerably’
Annual house price growth “defied expectations” in 2021, but values look set to slow in 2022.
Comings & Goings
Snippets of industry news: Moss Properties appoints new MD; Guy Harrison joins SmartSearch as CEO; Newton Fallowell founder retires
One in three sales fall through as market returns to ‘familiar conditions’
Some 34% of property sales in England and Wales fell through before completion in the final quarter of 2021 as the market returned to a far more usual level.
Flat owners welcome cladding climbdown but ‘devil is in the detail’
Michael Gove is expected to announce today that leaseholders in buildings between 11 and 18 metres tall will no longer have to pay to replace dangerous cladding.
Agency selling properties for free rolls out across the UK
The hybrid agency, formerly Housesimple, aims to undercut traditional high street estate agents by offering vendors a free property sales service
HMRC extends self-assessment deadline but there is a ‘sting in the tail’
The HMRC tax filing extension shows leniency in response to Covid-19 pressures.
High profile conveyancing firm fined £232,500 over AML failings
London-based Mishcon de Reya has been issued with one of the biggest fines ever imposed by the regulator over several breaches relating to money laundering rules.