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EPC C Proposals For Private Rental Properties Scrapped

In a speech on 20 September, Prime Minister Rishi Sunak set out proposed changes to the Government’s green commitments. One such change was a pledge to scrap policies that require landlords to upgrade the energy efficiency of their homes. The original policy was that from 2025, new tenancies would require the rented home to have […]

Read more November 29th, 2023

Record Number Of Landlords Intend To Buy Via A Limited Company

74% of the landlords who intend to buy property in the next year said that they would do so using a limited company structure. This record increase is shown in data for the recent Paragon Bank survey of 1,000 landlords. Conversely, those who plan to buy in an individual name have fallen from 41% recorded […]

Read more November 28th, 2023

The King’s Speech: Rent Reforms & Leasehold Changes

In his first King’s Speech on 7 November, King Charles III spoke about the forthcoming Rent Reforms and the Leasehold and Freehold Bill that will apply in England and Wales. The speech included the following: “My Ministers will bring forward a bill to reform the housing market by making it cheaper and easier for leaseholders […]

Read more November 27th, 2023

HMRC Challenges LLP Scheme For Property Businesses

HMRC have recently published Spotlight 63 which alerts taxpayers to a marketed tax avoidance scheme that claims to help taxpayers reduce the tax payable on their property rental profits. The HMRC view is that the “hybrid” structure involving an LLP with individual and corporate members does not have the tax savings that the scheme promoters […]

Read more November 27th, 2023

Expected House Price Falls In 2024

In recent months, interest rate rises have made mortgages more expensive and rising inflation has reduced peoples’ spending power, resulting in falling house prices. Two of the UK’s major lenders have recently published house price surveys. The Halifax House Price Index for September 2023 found that average house prices for the month were 4.7% lower […]

Read more November 24th, 2023

Scotland: November Property Update

Plans for heat pumps in Scotland On 25 July, the Scottish Government published a consultation that proposes to downgrade the Energy Performance Certificate (EPC) ratings of homes with gas boilers compared with homes with more energy-efficient systems such as heat pumps. Already, legislation will ensure gas boilers are banned in newly-built homes from April 2024. […]

Read more November 24th, 2023

Budget Summary Autumn 2023

On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits. Download our Autumn 2023 Budget […]

Read more November 23rd, 2023

VAT On ‘Rent To Serviced Accommodation’ Supplies

In a recent case between Sonder Europe Ltd and HMRC, the First Tier Tribunal ruled that supplies of leased apartments in the UK that were then let out as holiday accommodation (known as the ‘rent to serviced accommodation’ business model) were subject to the Tour Operators’ Margin Scheme (TOMS). HMRC had argued that the supplies […]

Read more November 17th, 2023

Making Your Time More Productive

For many small business owners, if they have one consistent issue, it would be that there is simply not enough time in the day to achieve all the things that need to be done. Have you ever got to the end of the day, having worked your “socks off” for the entire day, and asked […]

Read more November 15th, 2023

Growing Your Business? – Just Keep Going!

The Bank of England (BOE) recently held interest rates at 5.25% and warned that the restrictive policy will remain for an extended period, despite the bleak economic outlook. BOE forecasts suggest the UK will not reach the 2% inflation target until the end of 2025. They expect inflation to fall to around 5% by the […]

Read more November 13th, 2023

Nurturing Junior Talent

In the era of remote working, businesses must prioritise the need to nurture junior talent. With remote work becoming the norm, businesses face a new challenge: how to effectively train and mentor junior staff members. Balancing the benefits of remote work with the essential development of junior team members is a critical concern for modern […]

Read more November 9th, 2023

Student Loan Overpayment Refunds

The student loans company has issued the following information to help customers contact them to discuss whether or not they are entitled to a repayment. They state that repayment call waiting times are currently ”longer than usual” and they are asking customers to first check if they’re due a refund using their dedicated page Repaying your […]

Read more November 8th, 2023

Targeting Underserviced Markets

Identifying and targeting underserviced markets can be a game-changer. Underserviced markets are groups of customers or potential customers with unmet or underserved needs, problems, or preferences in your industry. They may be overlooked, ignored, or underserved by your competitors, or they may be new or emerging segments that have not been addressed yet. Underserved segments […]

Read more November 7th, 2023