Month: December 2018

RESIDENTIAL PROPERTY TAXATION

  • Despite tax revenue from residential property seeing its usual annual rise between July and September, total tax revenue in the first nine months of 2018 across England and Wales was 9.5% lower than a year ago, according to the latest data published this week by HMRC and the Welsh Government.
  • It is estimated that £6.3 billion has been netted by HMRC and the Welsh Government between January and September, a fall of £662 million compared to the same period in 2017.
  • The number of properties liable for the 3% Higher Rate of Additional Dwelling (HRAD) levy fell over 5% in this period. The amount collected from the HRAD 3% element was down £243 million, the equivalent of 14.3%, to £1.24 billion.
  • Since its introduction in the 2017 Autumn Budget, the government has also ‘lost’ £427 million, owing to the introduction of first-time buyer tax relief which has benefitted over 180,000 first-time buyers. That number will rise thanks to the backdating of the scheme for first-time buyers purchasing shared ownership properties, as announced this autumn. On average, first-time buyers account for just over one fifth of residential property purchases each quarter.
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Juno

Once again local café Juno are opening their doors to anyone on their own this Christmas. If you’re not be feeling very festive, a little bit left out or just plain broke this Christmas day, then please contact Juno to arrange your free Christmas lunch. Located on 147 Heaton Moor Road, Juno are providing free transportation, if anyone is struggling to get down to the venue. Please spread the word about this brilliant local event. It maybe people needing this, may not read our e-zine magazine. Places are limited so please book by calling 0161 442 2756.

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Casa De Moor

A new cocktail bar has graced The Heatons. Serving food and drink 7 days a week which includes an extensive Gin Menu, Casa De Moor is a stylish venue serving Mediterranean dish as well as some firm favourites. When night falls on Friday and Saturday nights, Casa De Moor has a DJ’s playing funky music until 11.30pm (strictly over 21’s). Boasting a warm and inviting atmosphere this brilliant venue is already a huge hit with local residents. https://www.casademoor.co.uk

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St Ann’s Hospice

St Ann’s Hospice is encouraging people in SK4 to take advantage of a special Christmas tree recycling service this year to raise money for people with cancer and other life-limiting illnesses. National charity JustHelping is organising Christmas tree collections in local areas to raise money for charities including St Ann’s Hospice. Trees will be collected by volunteers from January 11-13, 2019, and trees can be registered now along with a voluntary donation. The real Christmas trees are recyclable and are shredded into chippings to be used locally in parks and sports clubs. Last year community groups in the area collected nearly 1,600 trees and raised £15,650.96 for St Ann’s Hospice. Clare Hinton, JustHelping’s Chief Executive, said: “We’re excited to see if we can raise even more money for charities like St Ann’s this year. “JustHelping brings people from across the local community together to volunteer and raise funds for good causes like the hospice, and by recycling the trees we collect we are also helping the environment too.

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IS THE UK BECOMING A HAPPIER PLACE TO LIVE?

  • There are many factors that influence our quality of life and well-being. In 2010, the ONS started the ‘Measuring National Well-being’ (MNW) programme in order to have a standardised monitor of well-being. The latest bulletin was published on 28th November 2018.
  • At a national level, previous research has shown that how people view their health is the most important factor, followed by employment status and relationship status. At a local level, a wide range of local conditions can affect people’s well-being, with housing affordability a key issue. In particular where local house prices are too high relative to incomes, thereby preventing prospective buyers from getting on to the housing ladder and they subsequently remain in rented accommodation.
  • Comparing June 2017 with June 2018 there were no significant changes to personal well-being measures (life satisfaction, feeling that things done in life are worthwhile, happiness and anxiety) in the UK, or indeed across any of its countries. Also, fewer people reported low happiness ratings and more people reported very low anxiety ratings.
  • The positive changes in well-being across the UK may be influenced by the improvement in economic indicators during the 12 months, such as the unemployment rate which was at its lowest level between April and June 2018 since the period from December 1974 to February 1975, at 4%. Also, average weekly earnings for employees in Great Britain increased by 2.7%, in nominal terms, compared with a year earlier. However, in June 2018, the rate of annual house price growth was also at its lowest level since August 2013, at 3%.
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success story

One of the best parts of this job is seeing peoples investment visions come to life.

I first met Alex over a year ago. He came into my office wanting a buy to let property in the area but wasn’t sure what to buy. We had a coffee and really great chat about the different types of property in the area, what you can buy for your money, what rents and yields can be achieved and what styles tenants look for.

Months and months went buy and Alex sent me lots of property links, came to see me with various brochures and we did a lot of viewings together.

Eventually we found the right property. Something which he could put his own stamp on (instantly increasing its value), in a great location, which would rent for a great price.

The sale went through and we spoke about tradesmen, paint colours, tiles, light shades – you name it! Over the last 3 months Alex and his team have worked tirelessly transforming the property into the most stunning buy to let. We placed it on the market and to no surprise, secured a brilliant tenant, at full asking rent, on the very first viewing.

Alex’s vision was very clear, however he fully accepted and embraced the local knowledge and guidance I could give him and I feel very proud to have been a small part of the amazing property he has brought to the rental market. The new tenant is moving in shortly and we look forward to managing this tenancy for him going forward to ensure the high standard is kept.

If you would like any help or guidance with an investment property or purchase, please do come in and see me and we can have a chat. I’d love to work with you.

Anna 🙂

 

 

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