Tax changes will drive 46,000 properties out of private rented sector, says NLA

first_imgHome » News » Housing Market » Tax changes will drive 46,000 properties out of private rented sector, says NLA previous nextHousing MarketTax changes will drive 46,000 properties out of private rented sector, says NLAResearch commissioned from Capital Economics claims 20% of landlords are about to shrink their portfolio size as reduced tax reliefs and extra Stamp Duty undermine landlord confidence.Nigel Lewis11th January 201801,037 Views The number of private rented sector landlords intending to reduce the size of their portfolio is at its highest for ten years, it has been claimed, with 46,000 properties due to be taken out of the rental market.The National Landlords Association (NLA) says 20% of its members plan to shrink the number of properties, largely because the recent tax changes for landlords and the looming tenants’ fees ban are “undermining the viability of many landlords’ businesses”.Research firm Capital Economics were commissioned by the NLA to look into the recent tax changes, which reveal that landlords are set to lose £400m from the changes, which come into full effect in 2020.The research also reveals that ‘moderate earner’ landlords will soon pay “significantly higher taxes” than those who earn comparable incomes through other means.Private rented sectorThe NLA’s CEO Richard Lambert (pictured, left) says the government’s recent tax assault on private landlords is clearly taking its toll and that “the Government needs to look at the impact these policies will have on the PRS”.Landlords have recently had several tax allowances rolled back including an automatic wear and tear allowance and tax relief on mortgage interest payments, and an extra Stamp Duty of 3% levied on buy-to-let property purchases.“More and more people are relying on this sector for a home, so it is vital that landlords not only provide a high standard of accommodation, but are incentivised to do so by the prospects of a reasonable return on investment,” says Richard.“It is our view that these policies are undermining the viability of many landlords’ businesses and removing the incentives to invest in residential property for business purposes.”To help landlords, the NLA has produced four videos to explain the tax and other changes in the market.Simon Heawood, CEO and Founder of property investment website, says: ““A perfect storm is brewing for landlords looking to property simply as a financial asset.“Policy makers across the political spectrum are acknowledging that home ownership is valuable because it affords permanence and security, and not just for the financial returns which placated constituents of yesteryear.” NLA Richard Lambert National Landlords Association landlords stamp duty January 11, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Good Vibrations: 48 years of music in Farmington

first_imgMarch of this year will mark 48 years that Ernie Scholl has owned and operated Everyday Music.FARMINGTON — In downtown Farmington, shoppers can stand on Broadway and see pink snow shovels for sale outside of Reny’s and smell fresh pesto at The Homestead, and hear Gaelic voices, a lone mandolin or Bach’s concerto in D minor coming from Everyday Music, the store that Ernie Scholl has owned and operated for almost 48 years. Scholl grew up in Calais, a town so close to the northern border, “if you sneeze you’re in Canada,” according to Scholl. He’s been a lover of music since he was five years old and bought his first ’45 record and spent much of his childhood listening to his parents’ big band music. He opened the store because of an idea he’d had with a high school friend of his. The two played in the same band together at the time and liked the thought of someday opening a record store. Though Scholl’s unnamed friend went in a different direction, after graduating from the University of Maine Farmington, Scholl remembered the dream he and his friend had once shared and opened Everyday Music as a record store. With only a passion for music and advice from family members who’d operated their own small business, Scholl retired playing himself and focused on encouraging others to find a love for music.“I played for a while, but I’m an audience member now. And I’m happy with that. I hope to help people here and I’ve always tried to give them good music, good instruments and a fair price. Music speaks to people, and I’ve got a commitment to it that’s helped me stick it out all these years,” said Scholl.While the store has been in the downtown location for 28 years, it occupied a space in the Mt. Blue shopping center for 20 years prior to that. With the arrival of Walmart in the last two years of that 20-year span, Scholl’s business started to suffer and encouraged him to move closer into downtown.“The move was more economical, but it also put us within walking distance to the University students, you know to the people that are really bound to the town. The timing was nearly perfect too because the music industry was doing great right around then,” said Scholl who has witnessed each fluctuation of the music industry in the past 50 years.“We peaked from around 1995 to 2008. During those years, the number one gift was CDs. Everyone wanted them. People think just because we’re a small shop in Maine, we’re behind, but that’s not true. When the industry grew, we grew.”Similarly, with the mounting streaming options on the internet now, Scholl’s business has changed dramatically in recent years. With a steady decline in the demand for CDs, he’s had to transition to selling more instruments and stereo equipment. Some changes have been welcomed by Scholl though, especially that of the resurgence of interest in records.“People want records again, or I guess they’re calling them vinyl now. There’s more young people coming back to the store, which is great. Selling albums again is a big positive for me since it’s where I got started,” said Scholl.Today, when customers walk into Everyday Music, they might come in because they were attracted to the faint scent of vanilla and old paper that inhabits the storefront. They might have been enticed by the music they heard outside, or they might come for Scholl’s contagious and apparent love for the music industry and his place in it.“You know, people say don’t make a career out of your hobby, but it worked out pretty well for me.”last_img read more

Eli Dershwitz’s road to the Olympics

first_img As the top-ranked saber fencer in the United States, Harvard’s Eli Dershwitz, 20, will seek an Olympic medal in Rio de Janeiro. Related Harvard fencer heads for Olympicscenter_img Harvard sophomore Eli Dershwitz represented the United States at the Summer Olympics in the men’s saber fencing competition in Rio de Janeiro. While he didn’t win a medal this time, Dershwitz said the intense training and discipline required to make it to Brazil gave him the confidence to succeed at Harvard and the drive to “reach certain academic levels.”“Being able to make split-second decisions off of tiny pieces of information in a sport, that also helps in real life,” said Dershwitz, who took a year off from Harvard to train. He will fence again for the Crimson this season and hopes to compete in the next Olympics in 2020 in Tokyo. The top-ranked U.S. saber fencer, Dershwitz was only 20 at this Olympics, and athletes in his sport tend to peak in their late 20s.So he’s looking ahead as well as back.— Colleen Walshlast_img read more

Thousands of new microbial communities identified in human body

first_img Read Full Story A new study of the human microbiome—the trillions of microbial organisms that live on and within our bodies—has analyzed thousands of new measurements of microbial communities from the gut, skin, mouth, and vaginal microbiome, yielding new insights into the role these microbes play in human health.The study, from researchers at Harvard T.H. Chan School of Public Health, Broad Institute of MIT and Harvard, and University of Maryland School of Medicine, presents a three-fold expansion of data from the National Institutes of Health Human Microbiome Project, providing unprecedented depth and detail about human microbial diversity. The new information allows researchers to identify differences that are unique to an individual’s microbes—just like some human genome variants are unique to each individual—and track them across the body and over time.The study was published online Sept. 20, 2017 in Nature.“This study has given us the most detailed information to date about exactly which microbes and molecular processes help to maintain health in the human microbiome,” said Curtis Huttenhower, associate professor of computational biology and bioinformatics at Harvard Chan School, associate member of the Broad Institute, and senior author of the study.This study is an expanded second phase of the Human Microbiome Project, originally launched in 2007 to identify and characterize human microbes, explore microbes’ relationship to health and disease, and develop computational tools to analyze the microbes. The microbiome has been linked to everything from allergies to cancer.The researchers analyzed 1,631 new samples from 265 individuals, from diverse body sites and at multiple points in time. The scientists used DNA sequencing tools that allowed them to precisely identify which organisms are present in various body sites, as well as what they might be able to do. Examining microbes at multiple time points further allowed them to determine which parts of the community might change slowly, rapidly, or stay relatively stable over time.The findings:Provide one of the largest profiles of non-bacterial members—viruses and fungi—of the microbiome across the bodyIdentified microbes with specific strains within each body siteProfile the biochemical activity that allows microbes to help maintain human healthIdentify how the microbes and their biochemistry change over timeHuttenhower said the new study also emphasizes how much scientists still don’t know about the makeup and function of the human microbiome. Learning more about it will take time, he said.“Just as sequencing one human genome, without information about variability or context, didn’t immediately lead to extensive new drugs or therapies, so too will we need to look at the microbiome with an extremely fine lens, in many different contexts, so that we can understand and act on its specific, personalized changes in any individual disease or condition,” said Jason Lloyd-Price, postdoctoral associate at the Broad Institute, postdoctoral fellow at Harvard Chan School, and lead author of the study.last_img read more

This Week’s Picks! Take a Frozen Master Class & Kiss Zachary Quinto Farewell

first_img Welcome Rachel Potter Home February 24 at 54 Below Although the producers at The X Factor want us to think they discovered Rachel Potter, we know she was a Broadway showstopper way before she ever sang for Simon. The Evita alum has returned to NYC and she’s headlining her own country and Broadway mash-up concert at 54 Below. Click for tickets! View Comments Hey. You, watching “Defying Gravity” videos on YouTube. Ever think of actually going outside? There’s a whole new world of things to see and do in New York City this week! It’s your last chance to swoon over Zachary Quinto in The Glass Menagerie, your first chance to welcome the new stars of Wicked to Broadway and tons more. Check out our picks for this week! Say Hello to Four New Ozians Beginning February 25 at the Gershwin Theatre OK, Wicked fanatics—you officially have an excuse to catch the show one more time. The hit musical is welcoming Christine Dwyer as Elphie, Jenni Barber as Glinda, American Idol runner-up Justin Guarini as Fiyero and two-time Tony nominee Mary Testa as Madame Morrible to the merry old land of Oz. Fans, your bubble awaits. Click for tickets! Talk Broadway With the Pros February 24 at New World Stages Ever daydream about hanging out with (almost) EGOT club member Robert Lopez, the co-composer of Frozen, or rubbing elbows with Tony-winning Pippin director Diane Paulus? Check out the TEDxBroadway conference—for 100 bucks, you get seven hours of inspirational advice from these greats and more. Click for tickets! Bid the Wingfields Adieu Ends February 23 at the Booth Theatre Amanda, Tom and Laura Wingfield are packing up their glass animals (yes, even the hornless unicorn) for good. The heart-wrenching Broadway revival of The Glass Menagerie, starring Cherry Jones, Zachary Quinto and Celia Keenan-Bolger, is concluding its limited engagement, and it’s an absolute must-see. Click for tickets! Go to Battle with Joey February 27 at select theaters nationwide If you missed the hit drama War Horse on Broadway, gallop on over to the historic Ziegfeld Theatre to see Albert and his best friend Joey reunite on the big screen. The National Theatre broadcast has the same awesome puppetry and moving story, so bring a big tub of popcorn and an even bigger box of tissues. Click for tickets!last_img read more

Woman hiking in SC falls 60 feet down a waterfall, then waits hours to be rescued

first_imgIt took rescue crews more than two hours and 40 people to build a “multi rope system” to reach the injured hiker. The woman was eventually pulled from the bottom of the falls with “significant injuries,” Oconee County fire chief Charles V. King told Fox Carolina, and airlifted to a hospital in Greenville. While the hike to Blue Hole Falls is considered easy, hikers often leave the trail to get a better view of the waterfall. Hikers are reminded to stay on designated trails and always use caution when hiking. A woman hiking at Blue Hole Falls in Oconee County, South Carolina, plummeted 60 feet down the waterfall and then waited hours for first responders to perform a difficult rescue. last_img


first_img December 1, 2003 Regular News Briefs Roth wins AFTL’s Nichols Award Neal Roth was recently awarded the Perry Nichols Award by the Academy of Florida Trial Lawyers. The Perry Nichols Award is the highest honor the academy bestows on a member, and was established in 1977 as a permanent tribute to Perry Nichols, a founder and first president of the academy. It is given to those who have “fought valiantly for justice and integrity throughout their lives.” “Just as Perry Nichols was committed to the pursuit of justice and integrity in the legal field, Neal has devoted his life to carrying out this cause,” said Richard M. Shapiro, AFTL president, adding that Roth has devoted many hours to the Academy at almost every level including legislative challenges, fundraising goals, and political endeavors. ABA Tax Section seeks volunteers The Pro Bono Committee of the Tax Section of the ABA is raising the level of participation in the IRS’s Volunteer Income Tax Assistance program, and is asking for support. “The VITA program is a valuable community asset as many taxpayers are in need of assistance in preparing and filing their returns,” said the section’s Brian P. Trauman. “The complexities of the tax law frustrate many low-income, elderly, disabled, and limited English proficient taxpayers’ efforts to complete their own returns, and many taxpayers forgo refunds to which they’re entitled because they don’t file a return, or they file an erroneous return.” Trauman said because commercial tax preparers are not a viable option for low-income taxpayers, the VITA program provides a location where these taxpayers can come for assistance. “Members of the community — including professionals, students, and other volunteers — donate their time to help these less-fortunate taxpayers complete their returns,” he said. For more information on this and other tax pro bono projects, visit Hillsborough Bar hosts conference The Hillsborough County Bar Association recently hosted its Seventh Annual Bench Bar Conference in Tampa. The event was co-chaired by 13th Circuit Judge Robert J. Simms and Scott Stigall of Barnett, Bolt, Kirkwood, Long & McBride. Approximately 35 trial judges and five judges from the Second DCA participated in the conference. Following a luncheon, break-out sessions with the judges in a panel discussion format took questions from attendees. The Ethics session consisted of round table discussions with a judge assigned to a table of lawyers. Approximately 400 people attended the event. Rosenthal & Weissman help build a home Rosenthal & Weissman participated as a group of corporate volunteers in a Habitat for Humanity of Palm Beach County “build.” Volunteers from the firm helped build a home in Greenacres last month. “Habitat for Humanity is an amazing organization,” said senior partner Gerald A. Rosenthal. “The tangible results of their mission are evident in communities across the country. I am proud this firm has the opportunity to take part in such a gratifying and beneficial endeavor.”Elves for Elders kicks off donation initiative Richard, 78, wants magazines with pictures in them. Bertha, 97, wants scrunchies for her hair. Billy, 66, wants pictures for his bedroom. Sandra, 53, who has been incapacitated and under guardianship virtually all of her adult life, only wants instant coffee, fruit, and honey. The Elves for Elders program in the 13th Circuit will try to meet those needs to help ease life for wards of the court “We think that people will be very surprised at the basic wants and needs of the people we serve under the jurisdiction of the Guardianship Division,” said Marcie Larkin, senior court program manager of the Elder Justice Center in the 13th Circuit. She is quick to add, “It’s the simplicity of the needs that goes to the very heart of why we are doing this.” Things as basic as underwear, socks, pajamas, or a Christmas dress make a big difference for people under public guardianship, Larkin said. Larkin believes many people historically give for needy children during the holidays but the elderly are often neglected, noting these wards of the state under public guardianship have no money and no family and generally go without the basics that many take for granted. Anyone interested in participating in the Elves for Elders project should come to the Elder Justice Center, located in the Main Courthouse in downtown Tampa, Room 296, where a Christmas tree is decorated with individual name tags and wish lists. For those who can not make the trek downtown, call the Elder Justice Center for a list of “elders” at (813) 276-2726. The gift drive will conclude on Wednesday, December 3, 2003, on the second floor of the Main Courthouse at 2 p.m. Participants are welcomed to attend the holiday celebration which will conclude at 4 p.m. Rundle honored for community service Katherine Fernandez Rundle, state attorney for the 11th Judicial Circuit, was recently honored by Amigos for Children, the Inner City Dance Club, and Informed Families for her years of dedicated service to the community. This event, a fundraiser for those three charitable organizations, was held recently at the Intercontinental Hotel in downtown Miami. During the event, Fernandez Rundle received special recognition in the form of a proclamation from the mayor and the Board of County Commissioners of Miami-Dade County. Fernandez Rundle also was presented a proclamation from Miami Mayor Manuel Diaz, proclaiming Katherine Fernandez Rundle Day. Representatives of the International Union of Police Associations and the Florida Highway Patrol also honored Fernandez Rundle with a tribute in recognition of her achievements as state attorney. Stetson wins Zehmer mock trial competition Stetson University College of Law trial teams finished first and second in the Academy of Florida Trial Lawyers’ Honorable E. Earle Zehmer Memorial Mock Trial Competition, held in November in West Palm Beach. The Stetson team of Richard Barbara, Marc Semago, Gabrielle Osborne, and Steven Kay defeated the other Stetson team of Meredith McCall, Slade Dukes, Sheetal Brahmbhatt, and Neil Andrews in the finals. Justice Fred Lewis of the Florida Supreme Court presided over the final round. Barbara was named best advocate for the competition. The Stetson teams each defeated groups from Florida State University in the semi-finals after defeating Florida State, the University of Miami, St. Thomas University and Florida Coastal School of Law in the preliminary rounds. Trial team alumnus Thea Dalkalitsis coached the teams, and Stetson Law Professor Pam Bell accompanied them as faculty advisor.last_img read more

Croatia’s green light for the EC to continue the construction of the Istrian Y.

first_imgThe European Commission approved Croatia’s extension of the contract with Bina-Istra, the concessionaire of the Istrian Y, which gave the green light for the construction of the full profile of the motorway on the section Pazin-tunnel Učka in the length of 165 km worth 28 million euros.The European Commission confirmed that Croatia’s plan is in line with state aid, and Commissioner Margrethe Vestager, in charge of competition policy, said extending the Istrian Y concession would boost regional growth and investment, improve public safety and reduce traffic congestion.”After two years of a procedure that involved exhaustive negotiations with the concessionaire, international financial institutions and the European Commission, I was pleased to receive this news from Brussels. The construction of the 2 B1 phase of the Istrian Y from the Učka Tunnel to Pazin will begin soon. It is a large and important infrastructure project with which this Government continues with a large investment cycle in the construction of transport infrastructure. Following this Decision, we initiate the procedure of adopting the Decision of the Annex to the Concession Agreement issued by the Government of the Republic of Croatia. In parallel with this project, 2 B2 phases are being designed, ie other pipes of the Učka tunnel and the construction of the full profile to the Matulji junction is being completed.”, Said the Minister of the Sea, Transport and Infrastructure Oleg Butkovic.Works on the section Pazin-tunnel Učka should last a total of 3 years.last_img read more

Leaked report details Netherlands’ proposed new pension system

first_imgThe option of a real-terms pensions contract was reportedly also being discussed by the Social and Economic Council (SER), the Dutch government’s main advisory body made up of employers and workers.The real-terms feature was reportedly brought in to the discussions as the unions kept their objections to individual pensions accrual, favouring collective accrual instead.The individual pensions accrual was to be dropped, according to De Telegraaf, as the deliberations within the SER didn’t show “much added value ultimately”.The government’s plan for a quick increase to the retirement age was also strongly opposed by the trade unions.According to the draft pensions agreement, the government’s agreed increase to the state pension (AOW) age – due to rise to 67 in 2021 – is to be postponed to 2025.Subsequently, the AOW age will rise by six months, rather than 12, for each additional year’s improvement in life expectancy.The draft accord also provided for mandatory pensions saving for self-employed, albeit with an opt-out, De Telegraaf reported.The next stageAccording to Tuur Elzinga, the FNV’s pensions negotiator, there had been no agreement “as several texts and proposals are in circulation and nothing has been signed yet”.Although Elzinga declined to reveal details about the concept, other sources confirmed or recognised the content of De Telegraaf’s story.One source told IPE’s sister title Pensioen Pro that the three main unions were discussing the issue with VNO-NCW and that they preferred to complete the final agreement through the SER.Were this accord to become the position of the social partners, it would present a dilemma for social affairs minister Wouter Koolmees.Postponing the state pension age increase would cost the government billions, while the preferred individual pensions accrual – which formed part of the coalition agreement – would be off the table.Recently, the government resolutely rejected a request from the social partners in the building industry for a state pension entitlement after a working career of 45 years.The other aim of the coalition government – to abolish the system of average pensions accrual – could still be honoured according to the draft, albeit under certain conditions. Individual pensions accrual will not form the backbone of a new pensions system in the Netherlands, according to Dutch newspaper De Telegraaf.Citing a “draft agreement” between employer organisation VNO-NCW and trade union FNV, the newspaper said that the players had opted for a collective pension arrangement.The concept offered fewer guarantees but with more scope for indexation, resembling a pensions contract under real terms rather than nominal ones.However, the FNV has emphasised that there was no definite deal yet.last_img read more

School Receives Grant For Steel Drum Bands

first_imgOldenburg Academy recently received large grants from both the Ripley County and Franklin County Community Foundations to support a project entitled: “Integrating the History, Culture and Music of Traditional Steel Drum Bands into the Curriculum and Community”.“This funding will enable the Academy to create a steel drum band by purchasing cello and bass pans for completion of a steel pan ensemble. Students will eventually perform at OA, other local schools, at area health care facilities and at community events,” said OA Marketing Communications Coordinator Kayla Wessling in a news release.As part of this program, OA intends to educate students and nearby communities regarding the origin, instrument design and manufacture, playing techniques and cultural significance of island music.Examples of how OA may integrate the culture of steel drum into present curriculum includes: students of Physics will be exposed to the nature of sound, English students will hear the stories of the Caribbean natives, Social Studies students will become familiar with the geography, enculturation and integration of the steel drum into island life, Project Lead the Way engineering students will explore the unique design of pans, and drama students will perform folkloric interpretations.The Academy will also offer a Steel Drum band course for all interested students.last_img read more