Luscombe & Co, Author at Luscombe & CO

Land Transaction Tax in Wales Explained

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Introduced on 1 April 2018, the Land Transaction Tax (LTT) is Wales’ answer to the former Stamp Duty Land Tax (SDLT) system. It applies to residential and non-residential property transactions throughout Wales and was designed to better reflect the local market and raise revenue for public services. This guide provides a clear breakdown of how […]

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Why Now is a Great Time to Invest in Property in Newport

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Newport is Wales’s third-largest city and has a rich and diverse history and culture. It has a rich tapestry of history and architectural heritage and continues to see good yields for investors even during the current economical climate we are in. As of November 2024, the average house price in Wales was £219,000. This was […]

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Boiler Sounds: What Landlords Need to Know and Why You Shouldn’t Ignore Them

Ensuring that heating systems are in top shape becomes a top priority for landlords. A recent article from WalesOnline, titled “ Boiler Expert Warns of Sounds You Should Never Ignore and What They Mean “, offers invaluable insights into boiler maintenance and the potential issues signalled by unusual sounds. Here, we summarise key points from the article and provide additional tips for landlords in Newport, Wales. Key Takeaways […]

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How Could the General Election Affect Landlords in Wales?

The outcomes of general elections can significantly impact various sectors, including the rental property market. For landlords in Wales, understanding the potential changes that may arise from a general election is crucial for navigating future challenges and opportunities. Here’s a comprehensive look: 1. Policy Shifts and Housing Legislation Changes in Housing Policies: Each political party […]

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Legal Insights For Landlords: Staying Compliant In 2024

As a responsible landlord, staying abreast of legal requirements is crucial to ensuring smooth operations and safeguarding your investment. With the evolving landscape of property legislation, it’s essential to understand the latest updates to stay compliant and protect your interests. Here are some key legal insights every Newport landlord should know in 2024: EPC RegulationsEnergy […]

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Financial Planning Tips Every Landlord Should Know

As a landlord, managing your finances effectively is crucial for long-term success. Here are some key financial planning tips to help you navigate the complexities of property ownership and ensure your investments thrive. Create a BudgetStart by outlining all your income sources and expenses related to your rental properties. This will give you a clear […]

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Spring Budget 2024: Implications For Property Investors And Developers

The Spring Budget of 2024 has introduced several pivotal changes that will significantly impact property investors and developers across the UK. From the abolition of tax relief on mortgage interest for furnished holiday lettings to the end of multiple dwellings relief (MDR) and adjustments to Capital Gains Tax (CGT), these measures are poised to reshape […]

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Why Investing in Newport is a Smart Choice for Landlords Right Now

As we step into 2024, the property rental market presents an array of enticing opportunities for savvy landlords. Here’s why investing in rental properties this year is a strategic move: Strategic Location and Connectivity Newport’s geographical positioning is nothing short of strategic. Nestled between the bustling capital city of Cardiff and the gateway to England, […]

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Understanding Newport’s Council Tax Premium: What You Need to Know

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In Newport, Wales, changes are coming to council tax for long-term empty properties and second homes. Here’s what you need to know: What is a Council Tax Premium?A council tax premium is an extra amount added to the standard council tax bill. Its goal is to: Encourage the use of long-term empty homes for safe, […]

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