Landlords will soon need to make sure they are certain someone is legally allowed to be in the UK.
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Her Majesty’s Revenue and Customs has launched a crackdown on holiday home owners and landlords who are failing to declare capital gains profits. The new campaign will target those selling properties overseas as well as in the UK, who have made a profit in excess of the capital gains threshold (CGT). The CGT currently stands at £10,600.
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LSL Property Services plc have published their Buy-to-let index for February 2012 and it shows that rents dropped by .1% from the previous month. LSL owns the UK’s largest agent network including Your Move and Reeds Rains
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Property owners do not trust those nearby to look out for their homes.
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With more people coming into the market, it is imperative that buyers know the ins and outs.
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