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A Clearer View

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September Edition- A Clearer View

September's edition of A Clearer View: Stamp duty reforms, Company ownership for buy to let properties, Potential tax advantages, Shareholding and future planning,
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Rent repayment

The FTT will also have the power to make rent repayment orders where a landlord has received rent from a tenant or local authority through universal credit.
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Electrical safety standards

Landlords are likely to find they will have to adopt positive measures to ensure electrical safety during a tenancy, possibly by way of annual checks.
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Banning orders

Both landlords and letting agents could be made subject to banning orders under Part 2 of the Act, made by the First Tier Tribunal (FTT) on the application by a local authority.
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Database of rogue landlords and property agents

“Rogue” is a label the media loves for lettings agents and landlords but now it has real meaning because the Act will establish a database to be operated by the Secretary of State but updated by local authorities.

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