Author: chandan sharma

Quick Landlord Update for 2025

The new Renters’ Right Bill, set to be enacted in 2025 introduces significant Changs that landlords and agents need to be aware of: * Abolition of Section 21 ‘No-Fault’ Evictions
Landlords will no longer be able to evict tenants without cause. Only Section 8 evictions will be allowed, requiring a valid reason and more complex legal procedures. Expect longer notice periods and higher costs.

* End of Fixed-Term Tenancies
All tenancies will become periodic, granting tenants greater flexibility to leave with two months’ notice. Landlords will be required to give at least four months’ notice for evictions related to rent arrears, anti-social behaviour, or personal reasons.

Making Tax Digital and What does it mean for me?

As many sole traders and partnerships are approaching their March year end deadline- remember last year with the changes in Basis period!, there is yet another change that will be introduced in the near future by HMRC which will have a monumental impact on businesses across the UK.

Making Tax Digital is a key part of the government’s Tax Administration Strategy . It will help reduce the tax gap by requiring businesses and individuals to:

* keep digital records
* use software that works with Making Tax Digital
* submit updates every quarter, bringing the tax system closer to real-time