Welcome to Home Relief Bulletin Board
Monday 05 November 2018
by the Property Team
Post No. 61
The Reformed Lettings Relief –
Our property advisory service for landlords/ladies will deal this week with Lettings Relief.
We will be working with them on Private Residence Relief as provided in the Autumn Budget 2018. We are particularly dealing with the change to the ancillary reliefs in Private Residence Reliefs that provides relief on rented property. We are not dealing with the ancillary reliefs in Private Residence Reliefs that gives gains made in the final period of ownership regardless of occupancy.
As it has been indicated in the UK Budget 2018, from April 2020 the relief will change and only be available to those who are in shared occupancy with a tenant for nine months. According to the HM Treasury, this change will not affect owner-occupiers or landlords who have never lived in the property they are renting out.
As part of lettings advice we offer, we will look at how this change in lettings relief may or may not affect landlords/ladies’ property lettings. Our work for this week has been organised in this way.
Main advisory activity:
• Looking at the effects of the change in lettings relief as planned in the Autumn Budget 2018 on individual landlord/lady. We will work out how this change will or will not affect each landlord/lady on individual basis if it comes into force.
Side advisory activities:
• Considering landlords’/ladies’ property lettings plans (for those who have already a property and are planning to let it) by April 2020
• Discussing property buy-to-let investment plans for those who would like to buy and let a property by April 2020
If you are a landlord/lady resident at your let property and being concerned about Lettings Relief, Home Relief can work with you on this matter.
If you are a landlord/lady and planning to let and or to buy to let, Home Relief can work with you on your letting plans and future buy-to-let investments.
Work with Home Relief for advice on the reformed Lettings Relief, on your letting plans, and on your future buy-to-let investments!
Need to rent or buy affordable home, work with Home Relief.
If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.
For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/
For more information about our property service to home sellers and landlords, please go to https://homerelief.co/landlords/
For properties to rent and let, go to https://homerelief.co/property-search/
For weekly property news and updates, please read our weekly posts.
Thank you for reading this post.
We look forward to receiving your regular visits to Home Relief website and to doing business with you.
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