Increase in secret subletting
Nigel Holland " There are a large number of tenants who sublet their properties to sub tenants in secret, such arrangements are rife in the commercial and residential sectors. Such activity can create a serious problem for landlords because it can be difficult for the...
read moreLandlords miss Out
Budget 2023 – Despite intensive lobbying. Nigel Holland " There is no direct help from the Government in the 2023 Budget despite there being £63 million for swimming pools. The good news is the forecast drop in inflation from 10.7% to 2.9% by the end of 2023.Jeremy...
read moreDanger of 20% house price plunge
Nigel Holland "There is a danger that monetary policy committee (MPC) is poised to raise official borrowing costs for a 10th meeting in a row. This will inevitably lead to further falls in house prices. According to the Halifax mortgage approvals are 30% down. House...
read moreChanges to Mini-budget
Nigel Holland " We are living in one of the strangest periods in history where the Government introduces a number of tax measures one day and then reverses those same measures a few days later. This results in uncertainty for the markets which is not a good...
read moreTax cuts announced
Nigel Holland "The biggest tax cuts since 1988 by the Government in a push for growth are at odds with the policy of the Bank of England who are trying to rein in growth by increasing interest rates, in a bid to curb inflation."From Nigel Holland The Mini Budget...
read moreJail for Landlords
Nigel Holland Property owners who knowingly let out sub-par homes could face prison terms of up to six months. The plans come amid a proposed roll out of a new minimum standard across the whole private rented market, although the Department for Levelling Up, Housing...
read moreBuy to let portfolios surge in bid to escape tax
Nigel Holland The number of buy-to-let portfolios which are changing hands has surged sixfold in an attempt by England's top landlords attempt to escape the UK Government's tax crackdown. " There are several reasons why investors should consider trading buy-to-lets in...
read moreAleem joins Holland & Co Chartered Accountants
Aleem Mohammad Aleem Mohammad, who has a first class degree in Accountancy has joined Holland & Co Chartered Accountants. 'I would like to welcome Aleem to Holland & Co Chartered Accountants and look forward to working with him. He has excellent qualifications and he...
read moreMTD for none VAT registered businesses
Nigel Holland "MTD or make tax digital has been with us for sometime now but has only applied to larger businesses.It is currently being introduced for smaller businesses including businesses who are not registered for VAT.Many of these businesses are not correctly...
read morePurchase commercial property through your pension scheme
Nigel Holland There are some tax saving benefits which can be obtained by purchasing a commercial property through your pension scheme. It is less tax efficient to purchase the commercial property through a limited company or individual compared to when a pension...
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