A special briefing on the Renters’ Rights Act is being held on Monday May 1 online by an agent and chartered accountant in Oxfordshire.
Brendan Kay, managing director of estate and lettings agent Parkers Properties, will be joined by Toby Morris, an experienced chartered accountant and owner of Windrush Business Services, for the webinar on Monday, December 1.
Kay and Morris, both based in Witney, will dissect the announcements in this week’s Budget, with a particular spotlight on 2% tax increase on rental income announced by Chancellor Rachel Reeves.
Kay, who runs Parkers’ branches in Witney and Eynsham, said: “This free webinar is intended to give landlords in Oxfordshire practical, straightforward advice on three hugely important areas, namely the Budget, Renters Rights Act and Making Tax Digital.
“We’ll explain what the changes announced in the Budget mean, advise on the various government legislation coming down the tracks and update on key timelines.
“Most important of all, we will help landlords protect and grow their property portfolios.”
The key changes in the Act include:
- Section 21 “no-fault” evictions abolished — all fixed-term tenancies will convert to rolling, periodic agreements.
- Rent reviews restricted to once per year, following a clear and formal process.
- National landlord register introduced, requiring proof of compliance for each property.
- Higher minimum property standards
Morris will also provide guidance on Making Tax Digital, the mandatory way for landlords to report their income and expenses to HMRC from April 6 next year.