Propertybuyer East’s Post

It would be great if #tourism authorities also engaged with this lesson - that #privatisation is not the best policy. It has led to public goods and public #wellbeing sacrificed to government slackness and private profits. Tourism and leisure sh/could be public goods that deserve government (and taxpayer) support. They can enhance health, well-being, social cohesion, self-efficacy and economic activity. Public goods and commons like national parks, beaches, waterways, etc. should be shared assets available for all to enjoy (and protect). Tourism went the wrong way in commodification and private-public partnerships - these led to private profits and politicians' benefits, not the people. We need to re-imagine tourism for the public good. Instead, we have for example Australian national parks privatised for companies like the Australian Walking Company to commodify access and enjoyment of parks in Tasmania, Queensland and elsewhere. If what I am saying seems unusually odd to you, check out SESC in Brazil for an example. Colleagues like Ernest Canada and others have written about its programmes. See https://lnkd.in/g7cd59CW https://lnkd.in/g5BaQUka

Today we have sent in a letter the Treasury Minister with a formal request to provide an Economic Impact Assessment of the impact of the proposed abolition of FHL Allowances in the Finance Bill in the forthcoming Budget. The letter is alphabetically signed by 18 leading trade associations reflecting the real worry that the abolition will do serious damage, which will be disproportionally damaging in rural and coastal areas, creating a huge impact particularly on pubs and small visitor attractions. Our sector is the bed stock in these areas that supports these small hospitality businesses as they support ours, as we all strive to maintain an all-year-round visitor economy. The wider rural and coastal visitor economy is more fragile than ever, as anyone who has visited can see for themselves. Too many MPs see how vibrant London and some cities are and think that is a national picture. It simply is not. We will now press for another meeting with Treasury on this and know that the associations whose Members are also affected will all be doing the same. Our push back remains to try and achieve our policy of pause. It is happening too quickly for small businesses to make the change by April next year, and some more concessions to make it less punitive to exit FHL and enter a new tax regime. These are not unreasonable requests. We will keep you updated as to progress. Huge thanks to all those associations below who have signed this. ASAP - The Association of Serviced Apartment Providers Association of Scotland's Self-Caterers Bed & Breakfast Association British Holiday & Home Parks Association British Destinations CLA Countryside Alliance Historic Houses NFU (National Farmers' Union) PASC UK The Scottish Tourism Alliance (STA) STAA - the Short Term Accommodation Association SW Tourism Alliance UKHospitality UKHospitality Cymru UKinbound Wales Tourism Alliance

We are pressing for pause, to allow small businesses to transition, there is insufficient time to do this by April, it’s complex. And to grant some further concessions to make it less punitive to extract businesses from the FHL regime. The cumulative impact of regulatory interventions is having a devastating impact on the self-catering sector. We urge both the UK and Scottish Governments for caution. Association of Scotland's Self-Caterers

On September 10th, 2024, the government approved Decree-Law 57/2024, repealing the Extraordinary Contribution on Local Accommodation (CEAL), introduced in 2023. This repeal comes after heavy criticism of the measure, which raised the tax burden and deterred potential investors. Key Criticisms of CEAL: -Increased costs for property owners made local accommodation less competitive compared to hotels and other rental platforms, affecting tourism. -Small landlords were disproportionately impacted, as the contribution did not distinguish between owners with one property and multiple properties. -Lack of public consultation and government dialogue created uncertainty and discouraged investment in the sector. The repeal will have retroactive effects from December 31st, 2023, pending confirmation from the government. For more information, get in touch with us. #AnaBrunoAssociados #LawFirm #Portugal #LocalAccommodation #CEALRepeal #Tourism #Investment

🌍 𝗧𝗼𝗽 𝟱 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗘𝘅𝗽𝗮𝘁𝘀 𝗟𝗲𝘁𝘁𝗶𝗻𝗴 𝗨𝗞 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 🏠 As an expat living in Poland, managing a property in the UK can be challenging. Here are five key considerations to keep your property investment profitable and hassle-free: 𝟭. 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗬𝗼𝘂𝗿 𝗧𝗮𝘅 𝗢𝗯𝗹𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀 📊 Be aware of your tax responsibilities in both the UK and in Poland. The UK has specific rules for non-resident landlords, and you must declare your rental income. Consulting a tax expert can help navigate these complexities. 𝟮 𝗖𝗵𝗼𝗼𝘀𝗲 𝘁𝗵𝗲 𝗥𝗶𝗴𝗵𝘁 𝗟𝗲𝘁𝘁𝗶𝗻𝗴 𝗔𝗴𝗲𝗻𝘁 🤝 A reliable letting agent is invaluable. They can manage day-to-day issues, ensure compliance with UK rental laws, and keep you informed about your property's condition and tenant matters. 𝟯. 𝗚𝗲𝘁 𝗣𝗲𝗿𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝗬𝗼𝘂𝗿 𝗟𝗲𝗻𝗱𝗲𝗿 💬 You will need consent from your mortgage provider if you are renting out your home and not switching to a dedicated buy-to-let facility. 𝟰. 𝗟𝗲𝗴𝗮𝗹 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 ⚖️ Stay updated with UK landlord regulations, including safety checks, energy efficiency requirements, and tenant rights. Non-compliance can lead to hefty fines or legal issues. 𝟱. 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲 🛠️ Ensure your property has appropriate insurance, including buildings, contents (if furnished), and landlord liability cover. The associated risks with having a tenant are not usually covered by a standard buildings and contents policy. Having your claim rejected when you’re on the other side of the world is no fun! 🔑 Key Takeaway: Being an expat landlord requires careful planning and management. By staying informed and working with reliable professionals, you can make your UK property investment a success from anywhere in the world. 🔗 𝗦𝘁𝗮𝘆 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗲𝗱: Hit follow for more insights and updates on expat financial matters. #Expats #PropertyManagement #UKRealEstate #LandlordTips #GlobalLiving

As a recent arrival in New Zealand from the UK, the two commercial property markets and jurisdictions share a lot of similarities. With both island nations buffeted by global headwinds, we dive into three popular trends in the UK and explore how they may, or may not, find their way to New Zealand. Read the full article here: https://lnkd.in/g5Nxu64R If you have any questions about investing in New Zealand commercial property please contact our specialist commercial property team. #andersonlloyd #commercialproperty #propertytrends

As one of Greece’s most significant annual events, Thessaloniki International Fair serves as a platform for major policy announcements impacting economic and social development. This year’s focus included housing and property reforms aimed at addressing the ongoing challenges in the real estate market, which affect property owners, renters, and businesses across the country. The key real estate measures announced by the Prime Minister, Kyriakos Mitsotakis are: 1. Airbnb Freeze & Tax Changes: A one-year freeze on new short-term rental licenses in central Athens. Increased tax on short-term rentals, with a three-year tax exemption for property owners converting to long-term leases. 2. “My Home 2” Program: Expanded eligibility for individuals up to 50 years old. €2 billion funding to help over 15,000 people purchase their first home at half the usual interest rate. 3. Energy Upgrades: A €400 million program offering zero-interest loans up to €20,000 for energy efficiency improvements in older properties. 4. ENFIA Tax Discount: Property owners who insure against natural disasters will receive an increased discount from 10% to 20% (up to €500,000 property value). 5. Golden Visa Reform: The Golden Visa program now includes €250,000 investments in startups, offering an alternative to real estate investment.

#France has always been a great destination for #americansabroad. As a #usexpat in France, #investing is complex though #expats #financialadvice #FinancialPlanning #livingabroad #movingabroad https://lnkd.in/gRxBVgTP

The Cayman Islands offer a unique blend of financial security, political stability, stunning beauty, and warm hospitality. Here's why it might be the perfect investment destination for you: A Global Financial Powerhouse: Go beyond the postcard beaches. The Cayman Islands boast a thriving offshore financial industry, attracting investors worldwide. Unshakeable Reputation: The Cayman Islands prioritize law and order, fostering a safe environment for residents and businesses. Stable Government & British Backing: Benefit from the stability of a British Overseas Territory. The parliamentary democracy ensures order. This strong governance minimizes the risk of political instability. Strong Ties to the UK: The long-standing relationship with the UK provides further security. A British-appointed Governor oversees key areas like national security, fostering trust and confidence. Attractive Tax Environment: The Cayman Islands offer a highly attractive tax environment for property buyers, with no property, capital gains, inheritance, or income taxes. This makes it a prime destination for real estate investment. Booming Tourism Industry: Invest in a place that thrives on tourism! Grand Cayman's recent airport upgrades and the number of new hotels on the horizon all point towards continued growth. Proximity to North America, low crime, and English-speaking culture further entice tourists. Cayman Airways: Your Gateway to Paradise: The Cayman Islands' own airline ensures competitive airfares and easy access for travelers worldwide. This boosts tourism and investment, directly impacting your property's value. A Short Flight Away: Imagine pristine beaches just a one-hour flight from Miami. Direct flights from major US hubs and easy access via Cayman Airways make the Cayman Islands a convenient and desirable destination. Warm and Welcoming Community: Beyond the economic and political advantages, the Cayman Islands offer an inviting social environment. Michele Bryan, CIREBA member, 1 345 924 0105, michele@c21cayman.com #century21cayman #caymanislands #grandcayman #grandcaymanrealestate #grandcaymanrealtor #realestate #propertysale

A reminder that from July 1, 2024, the New Zealand bright-line rule is changing. Are you thinking of buying or selling a rental property? It pays to be aware of the bright-line rules and determine if they will apply to you—especially if you are considering selling your property before July 1, 2024. What does this mean for property owners? - If you sell a property on or after 1 July, 2024, the bright-line property rule will only apply if the property is sold within 2 years of purchasing it. - If you sell a property before 1 July 2024, the current bright-line rules will still apply, and these can vary depending on when you brought the property. If you would like to discuss this further or have any questions about how this may affect you, get in touch with us today at 04 970 1182. For more information, please visit the IRD website: https://lnkd.in/gy5n7Ges. #AllAccountedFor #AAF #BusinessAdvisory #SmallBusiness #Brightline #BrightlineChanges