The home

Annexe amendment added to Finance Bill

Purchasing an 'annexe' liable for SDLT? A proposed amendment to the Finance Bill will remove the annexe tax when applied to purchasing a second property.

Half a million Help to Buy ISAs opened

Purchasing your first property? Over 500,000 people have opened a Help to Buy ISA.

Household income at record high

The average household income has risen to £473 a week - its highest level on record and £800 a year more than in 2013/14.

Average rent growth slows in May

Renting a home? Average rent for homes across England and Wales is now at £792 per month, an increase of 1.8% over the last 12 months.

Capital gains tax exclusion top concern for landlords

According to 63% of landlords, the decision to maintain existing capital gains tax rates on residential property will be their biggest challenge over the next 12 months.

Landlords return to property market

Following changes to stamp duty land tax from 1 April 2016, landlords are slowly returning to the buy-to-let property market.

Lack of financial backup planning endangering households

Taking action to secure a financial backup plan? 1 in 5 households would not survive financially if they lost their main source of income through unexpected circumstances.

Parents loan £5 billion to children each year

Looking to help your child purchase their first home? Parents will loan an estimated £5bn in 2016, according to research from Legal & General.

‘Granny flat’ exempt from SDLT surcharge

Annexes for an older relative will be exempt from the new stamp duty land tax rates which came into force on 1 April 2016.

Stamp duty changes come into effect

New stamp duty rates for people investing in buy-to-let property and second homes came into force on 1 April 2016.

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