A survey by property management platform August suggests significant confusion among landlords about Making Tax Digital for Income Tax, including when the rules apply and what compliance will involve. The research found low awareness of start dates across income bands and widespread expectations that quarterly reporting will add substantial administrative time.
The Prosper UK Housing Commission has published a report arguing that England’s housing crisis is being driven by both weak demand and poor scheme viability, and that both issues must be addressed together. It says rising build costs, flat prices and regulatory, policy and tax burdens are constraining delivery, while planning permissions have fallen to their lowest level since 2013 and temporary accommodation remains at record levels.
The article reports that nearly four in ten London flats resold at a nominal loss after being held for five to ten years, the highest proportion in Great Britain. It also notes that flat values remain under pressure in parts of the market, with building safety, cladding and service charges cited as factors influencing buyer, seller and lender behaviour.
Latest research cited in the article shows the number of residential buildings in England being monitored for potential cladding remediation has risen to 4,697, with increases across both mid-rise and high-rise stock. While more buildings are now in remediation or have completed works, a substantial pipeline remains, and the new Building Safety Levy is intended to help fund further remediation.
