Newport Property News & Updates


Labour plans for the private rented sector (PRS) would be disastrous for the UK's housing market, according to the Residential Landlords Association (RLA). The organisation has analysed figures produced by the Department for Communities and Local Government in a bid to demonstrate the importance of the PRS and discovered 60 per cent of the housing stock created since 1986 has been in the...
Mandatory licensing of all letting agents and private landlords in Wales will go ahead after the Housing (Wales) Act 2014 has become law. It is the first piece of major housing legislation that the Labour-led Welsh Assembly has enacted, through devolved powers. The legislation gives powers to implement compulsory licensing throughout the pri vate rented sector – and could be a template...
 HMRC have declared that they are still working to uncover any unpaid tax accumulated from second home property sales.This is not the first warning issued from HMRC, as they endeavour to reiterate the message that all individuals who have sold properties which have served as second or holiday homes in the UK and abroad have not yet declared their Capital Gains Tax (CGT) will be penalised...