Landlords warned about undeclared rental income but HMRC denies report of ‘clampdown’ October 31, 2022 A leading chartered accountant has warned landlords about paying undeclared rental income, but HMRC has denied there is a ‘clampdown’ on the issue. Almost 60,000 disclosures have been made to HMRC, including £250m in unpaid taxes, since the UK launched a scheme in 2013. The Let Property Campaign allows landlords to declare unpaid tax in [...]
Former ‘Vote Leave’ Brexit HQ to be transformed into London flats April 15, 2024 An Abu Dhabi backed property group has bought Westminster Tower - the building which formerly housed Brexit's Vote Leave headquarters - for £41m with plans to turn the office block into a new residential development.
Start of 2023 a disappointing vintage for fine wine investments – but new Bordeaux gives reason to cheer May 1, 2023 Fine wines stashed away in climate-controlled cellars may have been growing all the more delicious over the first few months of 2023. But price has proved more unpredictable.
This stunning London rooftop pool could be in Los Angeles August 16, 2024 If you’re looking for London rooftop bars or outdoor swimming pools in the capital, both combine at the art’otel, the new Battersea Power Station opening with a hot tub overlooking the iconic chimneys that featured on the cover of Pink Floyd’s 1977 album Animals. A room costs £250 and gets you access to what we would [...]
King Charles calls for unity and praises ‘community spirit’ which countered rioting August 10, 2024 King Charles offered his “heartfelt thanks” to the police for restoring order, as they continue to remain on high alert.
Property: Has spring sprung? Mini budget ripple blamed for keeping a lid on monthly sales April 28, 2023 UK residential transactions in March 2023 totalled 89,560 which was 19 per cent lower than the same month a year ago but 1 per cent higher than February 2023, according to HMRC. The seasonally adjusted figures also show the total of non-residential property purchases, including commercial and factory property was 10,640, three per cent higher than [...]
Some big changes to the tax system no one is telling you about… March 19, 2024 The Budget did little to move the polls, but it included some fundamental philosophical changes to the way we pay tax. Expect unintended consequences, says Tim Sarson Budgets are fleeting spectacles. Like a passing squall they arrive with a few gusts of media speculation, dominate the news for a week at most, then blow themselves [...]
HMRC’s average take from investigation into small businesses and individuals rises to £18,400 February 23, 2022 HMRC has increased its take from investigations into individuals and small businesses to an average of £18,400 per investigation, up from £17,500 last year, according to new data shared with City A.M. this morning. HMRC is looking to extract as much as they can from investigations as they seek to make up for revenue lost [...]
Russian billionaires out, US billionaires in: Mapping London’s super-prime property market May 17, 2024 Filings have shown a Kazakh billionaire has sold his Mayfair mansion for £35m. What does it say about London's super-prime property market?
Michael Gove faces an uphill battle to turf out the medieval long leaseholds April 11, 2023 We are one of the few countries left in the world with a leasehold system for our homes - where people own their flat, but not the land on which is built. This comes with problems, writes Elena Siniscalco