Landlords can no longer deduct mortgage expenses from their rental income to reduce the tax they pay. Instead, they will receive a tax-credit, based on 20% of their mortgage interest payments. Landlords selling up will also be affected by new capital gains tax (CGT) rules, which come into effect in April. … [Read more...] about April is the start of the tax year. How will the changes affect me?
There were further economic warnings, with World Bank Group president David Malpass saying the pandemic was expected to cause a “major global recession”, echoeing comments by the IMF’s managing director, Kristalina Georgieva, who called on advanced economies to do more to help emerging markets and developing countries. “This is a crisis like no other,” she said. “We have witnessed the world economy coming to a standstill. We are now in recession. It is way worse than the global financial crisis” of 2008. … [Read more...] about China mourns Covid-19 whistleblowers as Trump dismisses US face mask advice
Five medical professionals have tragically died while working to stop the deadly spread of the disease across the United Kingdom, among them retired doctor Alfa Sa’adu, who fell ill after returning to work specifically to help overstretched essential workers. … [Read more...] about Susanna Reid chokes back tears as she pays tribute to frontline NHS staff who have died in battle against coronavirus… as she recalls her horror after jogger SPAT during her daily walk
Lifestyle Club London appears to be an example of a lettings agent exploiting a legal grey area. Set up last August by 30-year-old Estonian Tiina Lehtla with capital assets of just £1, it seeks to imply its “members” are licensees, rather than tenants. Its Companies House registration – Lifestyle Club LSC Ltd – says it operates “housing association” real estate. But it is not a registered housing association and its website invites private landlords to add properties to its portfolio. … [Read more...] about The lettings club where tenants are fined £90 for leaving dirty dishes
Monday marks a huge victory for private renters. Theresa May and the communities secretary, James Brokenshire, have announced that the government will abolish section 21 – a little-known law that means landlords can evict tenants without good reason. Right now, section 21 is used every day to send renters packing. Your landlord might decide they want to hike the rent up, sell the house or just that they don’t want to make the repairs that need doing. It doesn’t matter whether you’ve been a good tenant or not, whether you’ve paid your rent on time. The landlord is in control, not the tenant. I should know, because it happened to me. … [Read more...] about Good news for UK renters at last – now here’s what else we can fight for