In our humble (but frankly experienced and not to mention highly biased) opinion, there is only one conveyancing firm in town as the go to option for landlords and property investors. And that’s: OCG Legal Limited Conveyancing Suite 8, Normanby Gateway, Lysaghts Way, Scunthorpe, North Lincolnshire, DN15 9YG 01724 840400 (Option 1) Residential Conveyancing (Property Sale, Purchase, Sale & Purchase, Remortgage) OCG Legal: The best conveyancing firm for landlords and property investors. Since joining our group in 2019, OCG Legal have been assisting more and more landlords with their convey ..read more

Property Reporter is one of the major property press news sites in the UK, covering all things property, lettings and news on investments. With more entries than ever to the awards and some tough competition – we are thrilled to have been recognised as Best Accounting and Tax Services 2023.   The Property Reporter Awards aims to recognise achievements across the entire landscape of the UK property market, from letting agents to lenders, celebrating those who innovate, develop and strive to find new ways to support landlords and other property professionals in an ever-changing and o ..read more

Hello and welcome to our first newsletter of 2023! There’s no denying some landlords are experiencing tough times, whilst others are enjoying their best-ever returns. Whether or not your portfolio is performing as you want it to, tax should be the least of your concerns. In our March issue, we discuss some of what is coming down the line in the next few months and years, as well as our upcoming events and latest articles and blogs. We also have a webinar replay from last month’s webinar, covering the topic ‘Surviving as a Landlord in 2023’.  We also have content linked to our ..read more

There have been many changes in the rental sector over the last few years. Despite not being long into 2023, significant changes for the property market have been proposed. So, what can we expect in 2023? Well, one of the biggest changes is the Renters Reform Bill. On the 16th of June 2022, the Bill was published, with the government intending to create a ‘better balance between landlords and tenants’. In particular the bill aims to: provide more support for the cost-of-living crisis Scrap Section 21 and no-fault evictions Other measures published in this Bill include: Making it easi ..read more

Making Tax Digital is to help individuals and businesses get their tax right (and give HMRC confidence in the process!) However, it has been delayed again, from April 2024 until April 2026. The government stated that the main reason for the delay was to relieve pressure on businesses caused by the current economic environment. When it does eventually debut, Making Tax Digital will replace the current self-assessment system. The main deadline for finalising tax affairs is still the same (31st January) and this will also be the same for balance payments. On the 6th of April 2026, MTD will ..read more

2017 was an important year for landlords in that it marked the beginning of Section 24 (S24). With a restriction on mortgage tax relief, many predicted that landlords would experience huge financial difficulties and the rental market would suffer as a result. After almost 6 years of implementation, where has S24 left the landlord market? Even to this day we know landlords are still feeling the pain. More than 29,000 landlords signed a recent petition calling on the government to reverse S24, but responding on the 17th January 2023, the government confirmed they would continue to set mort ..read more

Ben, Chris and Malcolm answered questions put to them during our live webinar on Surviving as a Landlord in 2023, which took place on 15th February 2023. You can read the full list of questions asked and answered on the call, as well as find details on how to watch the replay. What is the incorporation process and what is the smart way to do it, potential pitfalls, and how to manage remortgages and unencumbered properties during that process?   My 80-year-old parents own a rental property and would like to pass it on to me and my sisters. What would be the most tax-efficient wa ..read more

We’re pleased to announce that as of Wednesday 1st March 2023, the home for people who want to build, run and grow professional property businesses is moving! Our London operation (including Phare Financial Services, OCG Mortgages and OCG Legal Private Client Services) will move from 332 High Holborn to 4 Breams Buildings – only a 5-minute walk from our current offices!   IMPORTANT – With our High Holborn office closing on Thursday 23rd February, if your meeting with us falls between the 24th of February and the 3rd of March, and you’ve not already heard from u ..read more

Login to your business tax account https://www.access.service.gov.uk/login/signin/creds Select business tax account Click on Manage account Under Accountants and tax-agents access, click on Add, view or change tax agents Click on the service you wish to add your accountant to – click “view or change accountant.” It will then take you to this screen: Click on “authorise an agent” under Agent details. Enter in your accountant’s agent ID Our agent ID is 41N9EWSMH5EX-PHE3J7TC4XCG Tick the box to confirm and then click next. Save this receipt as confirmation and keep for your records. Let ..read more

Login to your business tax account https://www.access.service.gov.uk/login/signin/creds Select business tax account Click on Manage account Under Accountants and tax-agents access, click on Add, view or change tax agents Click on the service you wish to add your accountant to – click “view or change accountant.” It will then take you to this screen: Click on “authorise an agent” under Agent details. Enter in your accountant’s agent ID Our agent ID is 41N9EWSMH5EX-PHE3J7TC4XCG Tick the box to confirm and then click next. Save this receipt as confirmation and keep for your records. Let ..read more