Latest property news
Agents required to step up landlord income reporting
The UK Government plans to require letting agents to send HMRC monthly or quarterly reports on landlords’ rental income, collect tax reference numbers from clients, and carry out further checks on their records. Members should add their experience and raise concerns to the consultation, which has opened to seek views on how these duties should work, including reporting deadlines, software requirements, and the time businesses would need to prepare.
Plans to widen access to property ownership information
HM Land Registry (HMLR) is consulting on changes to how people access land ownership information in England and Wales. The proposals cover new datasets, free access to some information and safeguards to protect individuals.
Fixed fees could simplify property ownership changes
HM Land Registry (HMLR) is consulting on a restructured fee model in England and Wales aimed at reducing calculation errors and avoidable delays as part of a wider drive for more efficient public services. The proposals would leave some customers paying more and others less.