Private landlords SELLING rental property after tax changes for buy to let investors

In their monthly report, RICS point to 22 per cent of their membership observing a drop-off in landlords advertising rental properties to let in their area, and highlight that reducing numbers of private rental stock is a direct result of taxation changes for buy to let investors, leading to smaller scale landlords exiting the sector.  Meanwhile, tenant demand continues to increase in most of the UK, leading to upwards pressure on rents.   In fact, RICS anticipate that this shortage could create a rise of two per cent on the…

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Council Tax bands: When will Council Tax rise and by how much? | Property | Life & Style

Council tax bands define how much you pay to the local authorities each year for local services. Will you be affected by a council tax rise, which is expected to occur in April this year? It is said your bill could go up by as much as six per cent, adding in some cases over £100 to your annual bill. Will your council tax go up? This may be the case across all council tax bands, if a planned increase occurs. It believed there will be a council tax rise,…

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Council tax rises: Homeowners to be hit with leap in bills as local councils raise prices | Property | Life & Style

Council tax is a fact of life in the UK, with homeowners and renters alike having to pay the yearly bill. April 2018 is set to be a tricky one for households as many local authorities massively increase their charges. Council tax can rise by there per cent this April, in line with inflation. Lord Porter, the chairman of the Local Government Association, said some councils were on the verge of “collapse” if more funding was not found soon. How much could council tax rise by? Local Government Secretary Sajid…

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