MAS Letting's & Management

Main changes affecting landlords / home-owners High‑Value Council Tax Surcharge (“mansion tax”) From April 2028, properties in England valued at  more than £2 million  (in 2026 values) will pay an  annual surcharge  on top of normal council tax.  The surcharge bands are roughly:  £2,500 per year  for properties just over £2 m, rising to  £7,500 per year  for homes worth £5 m or more.  The surcharge will be collected via council tax and paid by the  owner , not the occupant.  Higher income tax...

ICO registration for landlords  refers to registering with the Information Commissioner’s Office (ICO)  if you are a landlord who handles tenants’ personal data. In the UK, the ICO is the regulator for data protection (GDPR and the Data Protection Act 2018). Do landlords need to register? Most landlords do  need to register and pay the ICO data protection fee because they: Collect and store tenants’ personal information (name, email, phone, ID documents) Run reference checks Use letting...

Are you keeping upto date with compliance? Letting agents become “relevant firms” From 14 May 2025, letting agents are officially classed as “relevant firms” under UK financial sanctions regulations. This means they have reporting obligations  to the Office of Financial Sanctions Implementation (OFSI). No monetary threshold Unlike previous anti-money laundering (AML) rules, these sanctions checks apply regardless of the rent level . Every letting agent must check all  prospective landlords...