UK Housing Sector growth Triggered by the UK being the second most popular destination for international students, global investment into the UK housing sector is predicted to enjoy strong growth in the future, fuelling developments for student accommodation for rental purposes, which enjoy good revenue streams. However, there are pitfalls to avoid and this article highlights some common areas of risk when investing in student accommodation. Tax Planning A recurring issue in student accommodation development is trying to obtain zero-rating eligibility so that VAT can be recovered. For example, a…
Earlier this year the Government's bill to tackle immigration was passed. The Immigration Act 2014 ("the Act") broadens the policing on immigration by placing additional responsibilities on the public at large, and more precisely on landlords. Under the Act landlords will be expected to examine if a prospective tenant has the right to be in the UK. If a landlord is found renting a property to an illegal migrant without carrying out the necessary checks that is expected of them under the Act they may find themselves liable for a…
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