Announcements for all your letting needs
The Welsh government has announced a five-and-a-half-month delay to the introduction of its controversial Renting Homes Act which had been due to go live on 15th July this year. Now postponed until 1st December, housing minister Julie James says the delay has been announced after representations from both private and social landlords.
When Welsh Government finally implement the Renting Homes (Wales) Act 2016 on 15th July 2022, it will bring about a great deal of change for both landlords and tenants, not least in terminology.
The Welsh government is to go live with its controversial Renting Homes Wales Act on 15th July this year despite calls by landlords to ensure that it is "fit for purpose"
When you set yourself up as a landlord with a buy-to-let property you create a new taxable source of income. Essentially, any income from your rental property is taxable just like any other income.
Each new year brings with it a set of changes that landlords need to be aware of. The disruption caused by Covid-19 led to policy changes impacting many aspects of society and the private rented sector (PRS) was no different. When combined with legislation that has altered as a result of Brexit, 2021 will usher in many changes in the way landlords operate.