JEREMY HUNT’S AUTUMN STATEMENT – KEY POINTS FOR LANDLORDS Income Tax Top rate (45%) now to come into effect for those earning over £125,140 (was £150,000) Other rates frozen All above to 2028 Capital Gains Tax Annual threshold to be cut from £12,300 to £6,000 next year to £3,000 from April 2024 Stamp Duty Cut … Read more
Holiday Please note that CRLA phones and emails will not be monitored during the period 5th August to 15th August inclusive. All queries should be emailed to the usual email address (crlawp@gmail.com) and will be actioned as soon as possible after 16th August.
BUDGET MARCH 2022 A brief summary of some of the main points in yesterday’s budget. National Insurance Threshold and Lower Profits Limit raised £12,570, from July 2022. Fuel Duty cut by 5p per litre O% VAT for Green Initiatives – it is not yet clear if landlords will be able to benefit from this when … Read more
OPEN LETTER TO LANDLORDS AND AGENTS FROM MINISTER OF STATE FOR HOUSING Rt Hon Christopher Pincher MP, Minister of State for Housing has written an open letter to all landlords and agents in England with advice on how to enact the government’s Winter Plan to tackle rising cases of Covid-19. The following is extracted from … Read more
COURT FEES INCREASE FROM 30 SEPTEMBER 2021 From 30th September 2021, court fees for landlord related claims are now: Claim Type Previous Fee Current Fee Claim for Possession £355 £355 Warrant of Possession £121 £130 Claim for Money (up to £10,000) £35 to £455 £35 to £455 Debtor Questioning £55 £59 Bailiff Service on Debtor … Read more
POSSESSIONS UPDATE 1 October 2021 Possession notice periods will return to pre-covid dates. New forms for Section 21 (Form 6A) and Section 8 (Form 3) Notices will come into effect. Make sure you always use the most up-to-date version of any form. Section 21 Notice 2 months notice (remember paperwork must be correct and tenant … Read more
SUPPORTING GAS SAFETY WEEK 13—19 SEPTEMBER TOP TEN TIPS TO HELP KEEP YOU SAFE AND WARM IN YOUR HOME Only use a Gas Safe registered engineer to fit, fix and service your appliances. You can find and check an engineer at GasSafeRegister.co.uk or call 0800 408 5500. · Check both sides of your engineer’s Gas Safe Register ID … Read more
RIGHT TO RENT CHECKS UPDATE Right to Rent Scheme COVID-19 Adjusted Checks Update We announced on 12 May 2021 that the temporary adjustments would end on 20 June 2021. This date has now been delayed. Following the UK Government announcement on 14 June 2021 to delay lifting the remaining lockdown restrictions until 19 July 2021, … Read more
TWO WEEKS TO THE ANTI-MONEY LAUNDERING DEADLINE – ARE YOU COMPLIANT? There are just two weeks left for letting agents and landlords with a rental income of £8,600 or more per calendar month to register with HM Revenue & Customs if they want to be fully compliant with anti-money laundering regulations. The regulations were brought … Read more
Apply URGENTLY if you want to access the Green Homes Grant. The Department of Business, Energy and Industrial Strategy announcement states: “Following a review, the Green Homes Grant Voucher Scheme launched last year will close to new applications on 31 March at 5pm. The scheme was designed to provide a short-term economic boost while tackling … Read more