Our blog on the latest issues affecting the Property sector
Reverse Charge for construction services – postponed!
September 10, 2019
The reverse charge for construction services has been pushed back a year to 1 October 2020.
VAT domestic reverse charge within the construction industry
July 30, 2019
Although we have known about the new rules since 2017, please find below the key information in relation to the changes that come into effect on 1 October.
Changes to Letting Relief from 6 April 2020
July 3, 2019
Currently, the relief applies to all let residential property where there has been some qualifying personal residence. From 6 April 2020, this will change.
Changes to Property Law
June 10, 2019
1 June 2019 saw the introduction of a new law banning the charging of ‘unfair’ fees by letting agents on tenants on the commencing of a new tenancy.
Changing by degrees – The student lettings market
May 16, 2019
For decades, the student letting scene has been typified by the standard family dwelling converted into bedsits. Recently several trends have combined to make this arrangement less attractive to investors.
Debenhams – the latest casualty of the retail sector
April 25, 2019
Debenhams was the latest casualty in the retail sector and this raises concerns over a potentially outdated model for most similar department stores.
VAT & Property
March 13, 2019
Property VAT can be extremely complicated. The values involved even on a small purchase mean the VAT treatment will be material for most organisations.
When is dealing stock not dealing stock?
January 30, 2019
A large number of property groups in the UK, in addition to holding properties for long term rental, buy and sell properties frequently. They do this for the purposes of gaining a profit on such transactions and are commonly known and disclosed as ‘dealing stock’.
Why can’t young people afford to buy houses?
January 24, 2019
Home ownership is now out of reach for more than two million households, but the causes of the problem are disputed.
Finance Budget Update: Changes to Capital Allowances
January 16, 2019
In the last finance budget, which is being finalised in parliament, the publicity was about the changes to capital gains tax effecting the amount of exempt gains from principle private residence relief, but other changes like capital allowances will affect the property sector.