Digital tax overhaul will require five returns per year

The upcoming digitisation of the tax reporting system could mean that millions have to file five tax returns a year. The overhaul, called ‘Making Tax Digital’ starts its pilot trial in the 2017/18 tax year, with people being gradually drawn into the system over the following two years. Why is tax going digital? In the ‘Making Tax Digital’ Policy Paper, H M Revenue & Customs (HMRC) states that the new system will save businesses and the self-employed time and money by keeping track of information and fixing any errors in real-time. This ...

Guest blog: Landlord Heaven

Bath Building SocietyIn his first guest blog for us, Dick Jenkins, Chief Executive, Bath Building Society looks at why buy to let investors are having a 'heavenly' time. It’s a pretty good time to be a Landlord in the residential property world right now, a state of affairs I guess is likely to persist for some time to come. Just thinking about it for a moment, the perfect scenario for Landlords is one where property prices are increasing, offering capital appreciation on their investment, finance is easily available and cheap and relative ...

Buy to let: Renting to students “offers highest rental yield”

Tiny Houses 2As students head back to university and investors look for attractive returns, new research has shown that students can make the best type of tenants for buy to let investors. The research, conducted by the National Landlords Association (NLA), shows property let to students offers an average gross rental yield of 6.7%, much higher than the UK average of 6.1%. At the same time Houses of Multiple Occupation, or HMOs, for short, where a single property is ...

Housing round up: House prices and repossessions rise slightly

Housing & mortgage round up_istockphotoA busy week for housing news as the Halifax release their latest house price data, news that repossessions are on the rise, whilst there is a warning for all buy to let landlords. House prices rise The latest figures from the Halifax show house prices rose in April by 1.1%. According to the UK’s largest mortgage lender, house prices also rose by 2% over the past year and by 1.3% over the last three months, taking the value of the ...