Latest News

PROPOSED CAPITAL GAINS TAX CHANGES FOR HOMEOWNERS

April 2020 will see changes introduced to reliefs relating to Capital Gains Tax (CGT) on the disposal of your home – potentially resulting in an increased payment of CGT. Usually the sale of you home is expect from CGT as it is classed your Principle Private Residence (PPR), but this will not be the position […]

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The changing face of agricultural tenancies

Many farmers let out land on a Farm Business Tenancy or an older agreement under the various Agricultural Holdings Acts. With a third of agricultural land in England let under various agreements, changes to tenancy legislation has been a long time coming. The aim of the legislation is to encourage structural change in the Agricultural […]

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Funding available for farmers and foresters

The Department for Environment, Food and Rural Affairs together with the Rural Payments Agency have today (9th July 2019) issued the following statement: – £15 million for new equipment to boost farm productivity Second round of funding for the popular Countryside Productivity Small Grants scheme open for applications. The next funding round for the popular […]

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SUCCESSFUL SUMMER AUCTION

G Herbert Banks held a successful summer auction on the 27th June at The Crown & Sandys, Ombersley. The two lots both sold making well over the asking prices with the sales totalling £1,439,000, this being 13.25% over the guides. The properties were smallholdings with a house on each that required improvement, a good range […]

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Tenant Fee Ban

We have written on this matter in recent times but with the ban having started on the 1st June 2019 I felt it was worth reconfirming the new rules. In simple terms tenants are no longer to be charged for referencing, applications and many other fees that agents have previously charged. We have always charged […]

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POTENTIAL SCRAPPING OF SECTION 21 NOTICES

MORE BAD NEWS FOR LANDLORDS BUT FURTHER SUPPORT FOR TENANTS No doubt you will have now heard about the proposal to scrap the section 21 notice. This notice can be served on a tenant with an Assured Shorthold Tenancy, without having to specify a reason. This is the common two months’ notice that can be […]

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Worcestershire property market performing well compared to much of the rest of the UK

The average selling time of a UK Worcestershire property has increased in the last year, according to new research. This time last year a property would take on average 72 days to sell, in comparison to almost 80 days in the current housing climate.   Worcestershire property – Not all doom and gloom However, this […]

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Farmland Sale and Leaseback?

Retirement in farming can be a tricky decision at the best of times.  There are strong inheritance tax reasons to continue farming which often control decision making and result in generations farming together.  Farmer’s Weekly recently did an article covering farmland sale and leaseback deals as an option for retirement.   The Farm Business Tenancy […]

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More legislation for residential landlords – A positive addition?

Electrical safety testing will soon become mandatory within the private rental sector. As many estate agents and property owners will find, the ever-growing list of rules and legislation for private lettings can often be incredibly time-consuming and costly. With this in mind, the introduction of new legislation can sometimes be seen as a negative move […]

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If it fails…I’ll use planning appeals!

In any one year the Planning Inspectorate (PINS) receives around 22,000 planning appeals across the country.  Of those around 19,000 are dealt with via written representations.  The remainder are dealt with via other appeal routes such as hearings or public enquiry.  The route depends on the complexity of the case and the need to test […]

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