HMRC - Victorian Market

Property Market Receives ‘Reality Check’ from Latest Transaction Figures

1Jun By victorianNo Comments

HMRC, Home Mortgage, house sales, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector, sales volumes

Property Market Receives ‘Reality Check’ from Latest Transaction Figures

The property market in many countries around the world has been receiving a ‘reality check’ from the latest transaction figures. This is due to a combination of factors, including rising interest rates, tighter lending criteria, and a general slowdown in the global economy. In the United States, the housing market has been hit particularly hard by the recent economic downturn. Home prices have dropped significantly, and many homeowners are finding it difficult to keep up with their mortgage payments. This has led to an increase in foreclosures and short sales, as well as a decrease in new home sales. In the UK, the property market has also been affected by the economic downturn. House prices have fallen, and many people are finding it difficult to get a mortgage due to stricter lending cri...

Top 10 Most Popular Mortgage Broker Articles of the Week – 26/05/2023

26May By victorianNo Comments

HMRC, Home Mortgage, home owners, London, Mortgage Broker

Landlords Urged to Ensure Tax Compliance Before Public Database Release

As the government continues to crack down on tax compliance, landlords are being urged to ensure they are up to date with their taxes before the release of a public database. The database, which is expected to be released in the near future, will contain information about landlords’ tax compliance. The database will include information such as the amount of tax paid by landlords, whether they have filed their tax returns on time, and whether they have declared all their rental income. This information will be available to the public, and it is important for landlords to make sure their tax compliance is up to date before the database is released. The government has warned that landlords who fail to comply with their tax obligations could face fines and other penalties. Landlords should mak...

HMRC Reports Increase in March Property Sales Compared to Previous Month

2May By victorianNo Comments

HMRC, Home Mortgage, house sales, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

HMRC Reports Increase in March Property Sales Compared to Previous Month

The UK housing market has seen a surge in activity in March, according to the latest figures released by HM Revenue & Customs (HMRC). The report shows that the number of property sales in March was up 8.8% compared to the previous month, with a total of 107,440 transactions taking place. This is the highest level of activity since April 2016 and marks a significant increase from February, when only 98,630 properties were sold. The report also revealed that the average house price in March was £231,000, up 0.7% from the previous month. This is the highest level since October 2017 and suggests that the market is continuing to recover from the slump seen in the aftermath of the Brexit referendum. The increase in property sales can be attributed to a number of factors. Firstly, the stamp duty ...

Property Tax Revenue Reaches Record High in 2020

27Apr By victorianNo Comments

HMRC, Home Mortgage, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

Property Tax Revenue Reaches Record High in 2020

Property taxes are a major source of revenue for local governments, and 2020 was a record-breaking year for property tax revenue. According to the National Taxpayers Union, property tax revenue across the United States reached an all-time high of $531 billion in 2020. This is a significant increase from 2019, when property tax revenue was $491 billion. The increase in property tax revenue can be attributed to a number of factors. First, the real estate market has been booming over the past few years, with home prices increasing significantly in many areas. This means that homeowners are paying more in property taxes, as the taxes are based on the assessed value of the property. Second, local governments have been relying more heavily on property taxes to fund their operations. With state a...

2020 Tax Changes for Private Landlords: What You Need to Know

30Mar By victorianNo Comments

HMRC, Home Mortgage, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

2020 Tax Changes for Private Landlords: What You Need to Know

2020 has been a year of unprecedented change, and the tax landscape is no exception. Private landlords have been affected by a number of changes to the tax system, and it’s important to understand how these changes will affect your business. This article will provide an overview of the 2020 tax changes for private landlords, so you can make sure you’re up to date on the latest regulations. One of the most significant changes for private landlords is the introduction of the new ‘Rent a Room’ scheme. This scheme allows landlords to earn up to £7,500 per year in rental income without paying any tax on it. This is a great way to reduce your tax bill and can be especially beneficial for those who rent out a room in their own home. However, it’s important to note that this scheme only applies to...