Tax is no longer optional

I never thought the day would come when I would write an article on this subject but I am going to use my column this month to talk about why you need to pay your tax.  I haven’t suddenly become a socialist and I am certainly not going to give moral advice.  I am well…

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280% Tax hike for Estate Agents who sell their businesses

Yet another article appeared in the national press this weekend about the withdrawal of tax breaks for people who sell their business.  It is the fifth article in four months and a lot business owners are starting to get very worried. At the moment if you sell your business for, say, £1 million, then you…

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The Alternatives to Selling Your Business

The consolidation of the letting industry continues at a frenetic pace and hardly a week goes by now without a story of yet another independent agent being snapped up by a larger competitor. However, we are approached on a regular basis by people who want to retire but do not want to sell their business…

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Cause and Effect of VAT Rules

Over the last few days, several events have caused me to think about the madness of our VAT regulations. The problems started when the builder who has done all the work in my private home for the last twenty-five years told me that he could not carry out the latest repairs for me because he…

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Is Your Letting Business More Compliant Than Purplebricks?

Is Your Letting Business More Compliant Than Purplebricks?

The recent problems at Purplebricks are a sharp reminder of how easy it is for letting agents to incur enormous fines for technical breaches of compliance rules. According to The Telegraph, Purplebricks could be facing costs of up to £30 million for mistakes made by their Letting Divisions which contributes less than 10% of their…

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What does the future hold for buy-to-let?

What does the future hold for buy-to-let?

The press has been full of doom-laden prophesies again about the future prospects for the buy-to-let market. Speaking both as a landlord and as a former letting agent, I don’t believe any of them. So why do I say this? Well, in short, I believe that whatever the problem is, the market will, given time,…

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The Next Financial Scandal

The success of the vaccine has so far exceeded the scientists’ most optimistic predictions. After a truly frightening and miserable year, we are at last seeing infection rates coming down and we can start to dream about life returning to normal. The government deserves to be congratulated for the part that they have played in…

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Laughter is the Best Medicine

The pandemic has affected different people in very different ways. Sectors such as hospitality have been hit incredibly hard and many thousands of people have lost everything they own through no fault of their own. Other sectors including estate agents, letting agents and indeed business transfer agents have continued to trade very well and those…

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Why CGT Rates Are Still Likely To Increase

In the last week before the budget we completed on the sale of more businesses than we usually complete in six months.  The sales that have been reported are just the tip of the iceberg as many buyers prefer not to make announcements and other sales were between business partners. Why the rush?  Well, business owners were…

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