ARTICLE · 07 JANUARY 2016

Weekly Tax Update - 4 January 2016

Smith & Williamson

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Weekly Tax Update - 4 January 2016

United KingdomTax

Smith & Williamson

1. General news

1.1 Happy New Year

First of all we wish all our readers a happy and successful New Year.

1.2 Right to rent checks

Legislation is due to come into effect from February 2016 requiring all domestic landlords to carry out checks on their tenants. Although not a tax matter, landlords need to be aware of this.

Residential landlords, including trusts, will have to confirm that a tenant or lodger can legally rent a property by inspecting original documents permitting the tenant to live in the UK. Failure to do so may result in a civil penalty. Retained agents may often carry out this task, but the onus is on the landlord.

www.gov.uk/government/uploads/system/uploads/attachment_data/file/370559/guidance_0_summary_checklist.pdf

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