Issue 6: Property Matters Newsletter

Issue 6 of our Property Matters Newsletter is here!

In what has been a year of change and indeed challenges we have now heard the Kings Speech and what the new government will be looking to do in this new parliament.

The headlines have concentrated upon the need for many more new houses, with the focus on them being affordable, but also with the consideration of the manner in which the law considers the issues of landlords and indeed the renters.

There will be further news to come in the future months and we shall be considering what this will all mean going forward.

In this issue we take a look at the changes to accounting methods that will affect all businesses from April 2024, together with some of the tax issues surrounding the receipt of insurance and the destruction of property, which is something very relevant for many of our clients, who have suffered from this year’s adverse weather.

We also look to remind you of the issues surrounding the sale of UK residential property, given that the reporting and payment of tax must be with 60 days of the completion of the disposal. This is an area which can be contentious given the need to have information available at an early stage, not only relating to the disposal of the property, but also in terms of knowing what income you are likely to receive in the tax year that the disposal has taken place.

I trust that you will enjoy this issues articles.

Click here to read Issue 6 of our Property Matters Newsletter

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Disclaimer - All information in this post was correct at time of writing.