The professional body
for the property sector

Propertymark has responded to proposals on how future changes to the Welsh Tax Acts should be made, recommending that the Welsh Government should adopt a Land Transaction Tax (LTT) system that promotes accessibility, simplicity, and predictability, while avoiding excessive surcharges or complex rules that could slow transactions.

The Bill completed Stage 3 in the Scottish Parliament on 30 September, leaving Royal Assent as the final step before it becomes law. The legislation provides a framework for rent control, fresh rights for tenants to keep pets, and stronger tools to prevent homelessness. However, most of the key measures require further consultation and regulations, meaning agents and landlords are unlikely to see rent controls in place until 2028.

Cybercrime incidents can impact businesses of all sizes and industries, including property agencies. Propertymark industry supplier, Gallagher, is reminding all property agents about the importance of adequate risk prevention and management.