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HMRC want to sell tax details to private sector companies

HMRC want to sell tax details to private sector companies

HMRC Want To Share Your Data With Private Companies …For A Fee, Of Course

New proposals could see HMRC sharing personal tax data with private sector companies, if the plans being considered by Her Majesties Revenue & Customs (HMRC) come to fruition.

If the proposal gets the go-ahead from the Government it would allow HMRC to lease  tax data to third party companies including private firms, researchers and even public bodies, earning them a nice amount of additional revenue.

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Buying Property At Auction Just Got Easier

Buying Property At Auction Just Got Easier

Buying Property Using Auction Finance

Many new investors are being inspired by TV programmes like “Homes Under The Hammer” on the BBC, and there are a number of ways for people to purchase properties cheaply, and the auction rooms are the best places to find some real property bargains.

Many property investors get tired of pounding the pavements in their local areas and scouring newspapers for great Below Market Value (BMV) property deals, only to lose out to first-time buyers who were quicker off the mark?

Some property investors tend to scoff at the idea of buying properties at auction, leaving a handful of knowledgeable, savvy investors to pocket the best deals.

Property auctions can be a real goldmine for property investors because many auction houses list properties out of their area, so the number of people bidding on them is low! That’s how some of the most unbelievable property deals are scooped up by amateur investors.

Buying properties at a property auction is a great way to grab a real bargain and a fantastic way for landlords and property investors to expand buy-to-let property portfolios without breaking the bank, using specialist finance products.

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Will Your Property Be Affected By Fracking?

Will Your Property Be Affected By Fracking?

Fracking Concerns Ignored By Local Authorities And Government

There is a great deal of speculation and controversy surrounding the latest methods for extracting natural gas from under our feet, a process known as “Fracking” where a toxic mixture of chemicals are pumped into well heads to release gases trapped in the underlying bedrock.

The process is designed to fracture the rock strata, allowing gas to escape and rise to the surface and the controversial method is already being exploited widely in some states in the USA, with alarming results. Minor earth tremors are being caused and ground water is becoming saturated with methane and other flammable gases and some residents living near the remote drilling sites have to rely on bottled supplies to be able to drink and water cattle, however the companies controlling the drilling are happy to pay people off and ignore what they are being told.

Here in the UK, gas companies have identified potential sites that they reckon hold enough natural gas reserves to last for the next 30-40 years, unfortunately these areas are also heavily populated, not like in the USA.

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Migrants Expected To Make UK Housing Shortage Worse

A fresh wave of UK immigration is expected when quotas on work permits for migrants from Romania and Bulgaria are dropped under EU freedom-of-movement rules.

Government ministers face an increasing amount of pressure to disclose their official estimate of how many immigrants will pour into Britain next year from Eastern Europe, after remarks were made by Communities and Local Government Secretary Eric Pickles on The BBC’s Sunday Politics Show.

Mr Pickles conceded on TV that a wave of immigrants from Romania and Bulgaria will cause problems in the UK housing supply and admitted that Government officials had already made a forecast of the numbers expected to arrive when border controls are relaxed with the two nations in January 2014 but refused to reveal figures.

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Landlords In Salford Face Selective Licensing

Landlords In Salford Face Selective Licensing

The City of Salford local authority (my local council), have finally approved proposals for a selective licensing scheme for landlords in another 3 areas within their region, these are the areas of Langworthy, Weaste and Seedley.

The areas outlined in the plan are currently undergoing some regeneration as historic churches are flattened along with the former home of Salford Reds rugby ground and entertainment venue, The Willows. New homes are currently being built on former brownfield sites within the area, that is just 5 minutes walk from the new home of the BBC at Media City.

Despite delaying the decision for over month, to consider outcomes and exit strategies, the scheme was finally approved, although it remains unclear if the objectives for the scheme are actually in place.

Instead, Salford promised to implement a number of discounts for compliant landlords and establish an engagement group which will supposedly meet to support the effective implementation of the scheme and shape its development.

The decision by Salford comes just a few weeks after the local authority revealed that the previous pilot scheme, which lapsed in May 2012, had lost £239,533 (GBP) during its five-year cycle; with further undisclosed costs for senior management support, enforcement action and Land Registry searches.

During the same period, Salford refused just five landlord licences, and revoked a further 73 landlord licences.

However, the local authority refused to say on what grounds the landlord licences had been revoked, and whether or not this figure included individuals who had simply sold their rental properties and left the private rented sector (PRS).

Chris Town, vice chairman of the Residential Landlords’ Association responded to Salford’s selective licensing decision,saying “The RLA is extremely disappointed with this decision. We are not satisfied that there is a strong case for this selective licensing scheme. Other local authorities such as Manchester, Leeds and Bournemouth have rejected selective licensing and are now looking at alternative methods of raising housing standards, particularly greater promotion of accreditation schemes and improved enforcement. Selective licensing simply does not work and is the legislative equivalent of using a sledgehammer to crack a nut.”

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