News

Investors Face Higher Tax Rate for Second Homes and Buy-to-Let Properties in Scotland
New LBTT Higher Tax Rate Applies From 1st April 2016 Investors in Scottish property are preparing to face tax rate increases for purchases of second homes and buy-to-lets. From April 1 this year, a higher rate of Land and Buildings Transaction Tax (LBTT) will be applied for purchases of additional properties – a move which […]
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Immigration checks are coming – What do you need to know?
Many landlords carry out checks as a matter of course but from February, in England, Right to Rent checks become a legal requirement. For most, background checks on new tenants are an expected part of the moving in process, but these are about to become law. New checks will be rolled out across the rest of the […]
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New legislation: Landlords required to install smoke and carbon monoxide alarms
Housing Minister Brandon Lewis announced new measures in March to protect tenants. Regulations for landlords in England were to be brought into line with building regulations for new builds in the UK, and will require the installation of working smoke and carbon monoxide alarms in their properties. Landlords will be required to install smoke alarms […]
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Changes to Scottish Repairing Standard statutory regulations
Over the next two years, beginning on December 1st this year, new mandatory electrical checks come into force for all privately rented properties. New regulations from the Scottish Government mean that all electrical items in a rented property must be either Electrical Installation Condition Report or Portable Appliance Tested. It will be the landlord’s responsibility […]
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How to invest in property for your children, and pay no Capital Gains Tax
If you are interested in buying property for your child, but are concerned about the expense, there are ways to reduce costs. There is an opportunity to invest your money through a trust, rather than buying privately, which means you won’t be charged Capital Gains Tax when the property is sold. Legislation around CGT has undergone […]
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Working From Home: What Should You Know?
Businesses seeking to reduce overheads and flexible working mean more staff are choosing to work some or all of their week from home. Combined with rising self employment the number of people working from home has risen considerably in recent years. The advantages of home working, both for businesses and sole traders are evident. Home […]
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Landlord services and Eviction – What you should know
As every landlord understands the ideal relationship with tenants includes clear communication and timeous action on both sides to maintain the satisfaction of all parties. However, should one party deviate, that relationship can become strained. Fortunately both parties are protected by legislation designed to ensure that their interests are protected, but this legislation may be […]
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