Major capital gains tax increases ‘could kill the property market’
Read the full article at PropertyEye
Reduced rates of Stamp Duty Land Tax (SDLT) will apply for residential properties purchased from 8 July 2020 until 31 March 2021 inclusive.
Bojo’s huge changes to planning laws to free up house builders
Swathes of planning 'red tape' are to be swept aside to help builders construct on brownfield sites more easily as Bojo declares war on 'newt counting'.
Read the full article here at The Negotiator
Government announces radical package of measures to protect renters and landlords affected by coronavirus.
At the end of this period, landlords and tenants will be expected to work together to establish an affordable repayment plan, taking into account tenants’ individual circumstances.
You can read more details here by following this link
As the situation continues to develop, we want to assure you of our commitment to the health and safety of our clients, customers, tenants, residents, property owners and staff.
We are continuing to operate and carry out business whilst ensuring we follow government guidelines. We have asked our staff to work remotely and to report if they experience any of the Coronavirus (COVID-19) symptoms.
Whilst we fully intend to continue business as usual you may encounter some delays in our response but we will endeavour to acknowledge and reply to all emails wherever possible.
Property Management / Maintenance
If you are aware of any maintenance issues, please report this to us as usual at email@example.com. Please note that contractors and engineers may not be available but we shall try to deal with any urgent issues as promptly as possible under the circumstances. In extreme cases please call 07770 224 696 only if the matter is urgent.
During these challenging times our thoughts are very much with those who have been affected and continue to be affected by this virus around the world.
Relevant letting fees and tenant protection information……….
From 1st June 2019 the Tenant Fee Ban comes into force in the UK. Whilst some charges are due to be abolished and/or amended under the Bill, as well as paying the rent tenants will also be required to make ‘permitted payments’. To read more about these please visit
Hugh F Shaw & Co Ltd is a member of Propertymark Client Money Protection Money scheme which is a client money protection scheme and also a member of The Property Ombudsman which is a redress scheme. You can find more details at our website.
Relevant letting fees and tenant protection information from 1st June…
As well as paying the rent, tenants may also be required to make permitted payments.
Below is a brief guide to the changes, however for more in depth information please follow the link https://www.gov.uk/government/collections/tenant-fees-act-2019-guidance
Before the tenancy starts (payable to the Agent)
Holding Deposit: 1 week’s rent
Deposit: 5 weeks’ rent
During the tenancy (payable to the Agent)
Payment if you want to change the tenancy agreement
Payment of interest for the late payment of rent
Payment for the reasonably incurred costs for the loss of keys/security devices
Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy
During the tenancy (payable to the provider) if permitted and applicable
Utilities – gas, electricity, water
Communications – telephone and broadband
Installation of cable/satellite
Subscription to cable/satellite supplier
Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.