Government to end abuse of tax loophole on second homes

The government is closing a loophole that allows owners of second homes to avoid paying tax by claiming their often-empty properties are holiday lets. The changes will target people who take advantage of the system to avoid paying their fair share towards local services in popular destinations such as Cornwall, Devon, the Lake District, Suffolk,

Peppercorn ground rent for new lease flats

Parliament has just passed The Leasehold Reform (Ground Rent) Act 2022 which will impose a peppercorn ground rent in new leases of flats. There will be a few exceptions such as shared ownership properties and in Islamic financing – they will continue to include rent.  Ground rents will also be allowed to remain in flats

Streamlined land scheme to boost number of new homes

The government is hoping to provide more new homes by improving the way land is made available to developers, making it easier and more streamlined. Homes England launched its new Delivery Partner Dynamic Purchasing System (DPS) to mark a significant shift in the way the agency procures housebuilders, as well as increasing flexibility and accessibility.

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