Housing & Mortgage Round Up: HMRC clampdown on buy to let investors, as house prices rise

Housing & mortgage round up_istockphotoWe’ve got the usual wide range of stories in this week’s Housing & Mortgage Round Up, including a crackdown by HMRC on buy to let landlords, interest rate news and the latest house price survey from the Halifax. Bank of England leaves interest rates unchanged, again! As expected the Bank of England’s Monetary Policy Committee (MPC) has left base rate on hold at 0.5% for another month. It’s now four years since ...

Taxman targets buy to let investors

Red and White target with three arrowThe taxman is targeting people who have sold properties without declaring the profit and who have therefore avoided paying the tax due. Her Majesties Revenue & Customs (HMRC) has launched ‘The Property Sales’ campaign, targeted at investors who have sold properties for a profit, either in the UK or abroad, but who have not declared the sale and have so far avoided paying the necessary tax. With the exception of an individual’s main residence, any property sold for a profit ...