Archive: February 5, 2016

Stamp Duty Changes

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  Proposed changes to the Stamp Duty Land Tax rates applicable to second homes and buy-to-let properties have caused uncertainty in the property market as investors have rushed to buy properties before the new rates are set to come in on 1st April 2016. The revised rates were put forward by the Chancellor, George Osborn in his Autumn Statement and a consultation with property experts was begun on 28th December…

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Right to Rent: New Regime A Headache For Private Landlords

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With effect from 1st February 2016, private landlords must now carry out checks to see if prospective tenants have a “right to rent”. The checks are aimed at assessing the tenant’s immigration status and place an onerous burden on the landlord or letting agent with a maximum fine of £3,000.00 if you get it wrong. Landlords should now carry out the following checks: Check which adults will live at your…

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