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Propertymark has highlighted the challenges property agents face when identifying the hidden influence of Designated Persons in transactions. The Office for Financial Sanctions Implementation (OFSI) is examining how the rules are applied in practice, and we’ve been clear that whilst agents are committed to preventing financial crime, the current expectations are often difficult to meet.
Insights from 2026 AML audits highlight how estate and letting agents are performing across key compliance areas, with strong training standards and clear opportunities to enhance registration, documentation, and reporting practices.
From 6 April, 125,000 landlords and sole traders in the property sector must use Making Tax Digital (MTD) software, in the biggest change to the Self-Assessment system since 1997. Support is available to those impacted, and HMRC has confirmed that no penalties will be issued for late quarterly updates in the 2026 to 2027 tax year as the system beds in.
The Renters’ Rights Act directly addresses rental discrimination practices, and the UK and Scottish governments have worked closely to extend these protections to Scotland. The new rules make it illegal for landlords and letting agents to disadvantage prospective or existing tenants because they have children or receive benefits.