Surge in commercial properties converted to residential

Surge in commercial properties converted to residential

New research by Direct Line Landlord Insurance has shown a 63% rise in commercial, business and service premises being converted to residential use over the last two year. The research looked at change of use applications to councils between 2021 and 2023, with a 60%...
Pension Tax up to 67% and other Key Changes from Rachel Reeves first Budget

Pension Tax up to 67% and other Key Changes from Rachel Reeves first Budget

Rachel Reeves has finally given her maiden budget speech after much speculation and debate over what constitutes a ‘working person’ and whether increasing employer NI contributions would be a breach of the Labour manifesto. So, what changes have been announced and how...
How will IHT be paid on pensions in probate?

How will IHT be paid on pensions in probate?

Will the Inheritance tax reforms in the budget affect pensions in probate? HMRC released the following on their site on 30th Oct ‘Autumn Budget 2024: the government announced several measures to reform Inheritance Tax. This included a measure to bring most...
Will the Budget kickstart Growth?

Will the Budget kickstart Growth?

Will the economy grow? The UK’s Autumn 2024 Budget introduced by Chancellor Rachel Reeves aims to support economic growth, though its potential for a short-term economic boost is seen as limited by many experts. This budget is primarily focused on stabilising the...
Nov 24 – How the budget affects landlords specifically

Nov 24 – How the budget affects landlords specifically

It could have been worse… Whilst the PRS was bracing itself for a gutting budget, Reeves actually delivered a budget that didn’t specifically single out landlords for horrific tax rises. Let’s look at the highlights that affect landlords directly....