Alton Estates RICS

26/05/2022

https://landregistry.data.gov.uk/app/ukhpi

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20/05/2017

Summary of new buy to let tax rules from April 2017;
Buy-to-let tax - Budget 2017

Former Chancellor George Osborne unveiled a shock tax change in 2015 that will remove landlords’ ability to deduct the cost of their mortgage interest from their rental income when they calculate a profit on which to pay tax.

The changes are being phased in from 2017 and fully implemented by 2020. From April 6, only 75pc of mortgage interest can be deducted against rental income to calculate profits. This decreases by 25pc each year until none can be accounted for in the 2020-21 tax year.

Tax will now be due on turnover, rather than profit. If mortgage rates rise, but rents don't, landlords are quickly left out of pocket. For some, tax rates will exceed 100pc: landlords will have to pay all of their profit in tax, and then pay more tax still.

Any higher-rate taxpayer landlord whose mortgage interest is 75pc or more of their rental income, net of other expenses, will see all of their returns wiped out by 2020.

For additional-rate (45pc) taxpayers, the threshold at which their investment returns are wiped out by the tax is when mortgage costs reach 68pc of rental income.

But some basic-rate taxpayers will also pay more tax – because the change will push them into the higher-rate bracket.

20/05/2017

From April 2017 buy to let landlords face new and tough changes on taxation of their properties. Many are now looking for better returns elsewhere. UAE is proving to be particularly attractive due to the increasing maturity of their property market coupled with amazing tax benefits.

http://www.telegraph.co.uk/personal-banking/mortgages/budget-2017-does-mean-buy-let-landlords/

20/05/2017

Beat the new tax rules on buy to let properties - buy property in UAE. Contact Alton for further information - [email protected]

16/05/2017

Please check our upgraded web site including our recommended range of international properties - www,altonestates.co.uk

14/07/2016

Housing market 'falters amid Brexit campaign and vote'
http://www.bbc.co.uk/news/business-36783938

The supply of homes on the market fell at its sharpest rate to date and buyer demand hit an eight-year low during the month of the Brexit vote.

11/07/2016

International investors now taking advantage of the drop in sterling value to purchase property in London in particular.

11/07/2016

http://citywire.co.uk/wealth-manager/news/us-firm-plans-1bn-uk-property-spending-spree/a931810?re=41082&ea=448128&utm_source=BulkEmail_WM_Daily_EAM&utm_medium=BulkEmail_WM_Daily_EAM&utm_campaign=BulkEmail_WM_Daily_EAM

New York-based Madison International Realty is planning to take advantage of the turmoil in the UK commercial property market.

09/06/2016

Surveyors predict short-term drop in UK house prices
http://www.bbc.co.uk/news/business-36482294

Chartered surveyors are predicting a short-term drop in UK house prices over the next three months, the first fall in more than six years

15/04/2016

Alton Estates announce their finance initiative for MENA region residents looking to purchase property in the UK. For more information email [email protected]

01/08/2015

Interesting article about landlord being fined over 25,000 for faulty works in an HMO (House of multiple occupancy). If you require support to obtain approvals for your HMO contact Alton Estates for further assistance - [email protected] - https://www.landlordtoday.co.uk/breaking-news/2015/7/notting-hill-landlord-fined-25-000?utm_campaign=578322_Content+Driven+July+3&utm_medium=email&utm_source=CRM&dm_i=2LVO,CE8I,3H5U44,SQP2,1

An unlicensed HMO landlord has been ordered to pay more than £25,000 after appearing in court. Emmil Seeson Watson (also known as Emil Wayne Watson) failed to...

13/07/2015

Apple's new Campus 2 offices taking shape in California!



http://www.dailymail.co.uk/sciencetech/article-3159017/Apple-s-spaceship-readies-Aerial-footage-reveals-circular-Campus-2-headquarters-taking-shape.html

A Californian helicopter firm flew over the site of Apple's Campus 2 (pictured) last month and shot aerial views of the building and its 175-acre site as it prepares to open next year.