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Landlords out of depth with changing regulations

marcfaubeau

A new study has revealed that one in four landlords don't feel on top of changing regulations. Research by Direct Line business insurance found that of those, 27% wouldn't know where to start when it comes to understanding regulations, while 20% said they can't afford the necessary legal advice. The research revealed regulation issues that landlords are not aware of, including licensing scheme changes, smoke and carbon monoxide alarm requirements, and changes to filing deadlines for reporting and paying capital gains tax when selling a property. Of those who feel on top of these issues - at 67% - one in three carry out their own research, 31% pay a letting agent to help keep them up to date, and 18% receive advice from a lawyer.

Daily Mail

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