Latest News

Underinsurance – a hidden risk, how to protect your business

11 June 2021

Inadequate or insufficient insurance cover may result in serious financial loss and can affect organisations of any size, and the pandemic has resulted in many businesses reviewing their cover in a more challenging environment. Read More...

Capital Gains Tax review – recommendations for UK property tax return

10 June 2021

The Office of Tax Simplification (OCT) has published the second report of their review of Capital Gains Tax (CGT) that sets out what could potentially be done by HMRC to raise awareness among taxpayers to help them meet their CGT 30-day reporting and paying obligations. Read More...

Flagship First Homes scheme launches

04 June 2021

Housing Minister, Robert Jenrick MP, announced today, 4 June 2021, a new First Homes scheme of discounted houses for local people and key workers in England with the first properties going onto the market in Bolsover, East Midlands, as part of the first phase of an early delivery project. Read More...

SDL Property Auctions puts people first in a high-tech business

02 June 2021

Andrew Parker, MD and Auctioneer at SDL Property Auctions, a Propertymark Industry Supplier, is a strong proponent of technical innovation, however, believes human relationships are just as, if not more, important than ever in the 21st Century. Read More...

Propertymark research adds to Lords debate on leasehold reform

27 May 2021

As the Leasehold Reform (Ground Rent) Bill makes its way through Parliament, Propertymark’s research was used to explain why the Bill is the first step in addressing the scandal and abuses that leaseholders have faced for years. Read More...

Northern Ireland Executive announces COVID-19 response

Thursday 19 March 2020

Northern Ireland’s First Minister Arlene Foster and deputy First Minister Michelle O’Neill announced a wide-ranging package of support aimed at supporting all sections of the economy and society. Acknowledging the impact already being felt by the economy, businesses, public services, jobs, and people’s livelihood.

Key measures to support the sector

  • Launch of community support fund (getting essential support to people)
  • £370 million grant support scheme for most vulnerable businesses
    • Immediate grants of £10,000 will be provided to all small businesses who are eligible for the Small Business Rate Relief Scheme (those with NAV up to £15,000)
    • Immediate grant of £25,000 will be provided to companies in the retail, tourism and hospitality sectors
    • The schemes will be administered by DfE / InvestNI working with DoF’s Land and Property Services
  • Exploring support for people in the private/social rented sector
  • Exploring support for people in crisis and emergency accommodation

Business rates

The Executive has already committed to providing a three-month rates holiday to all businesses from April to June 2020, automatically reducing the annual rate bill by 25 per cent.

Rate bills for 2020-21 were due to be issued in April 2020. To avoid placing financial pressure on ratepayers affected by COVID-19, rate bills will not be issued until June 2020, which will happen automatically.

The Hardship Rate Relief scheme is available for non-domestic ratepayers who have been affected by exceptional circumstances. It is only available on rates that are due, and if a business has been affected during March 2020.

At any time a ratepayer is experiencing any difficulty in paying a business rate bill, they are encouraged to contact Land and Property Services at the earliest opportunity.

Northern Ireland Executive's statements

FORTHCOMING ANNOUNCEMENT

A range of measures will be coming forward and over the coming days with daily Government updates.

The leaders pledged to be in regular and focused communication with the public and will be available daily to communicate and keep people updated on what actions and measures they are taking.

Quote mark

Today we stand united as leaders to help guide Northern Ireland – our people – through this time of unprecedented challenge.

Arlene Foster, Northern Ireland First Minister  

Quote mark

It's a very difficult time and we know you need our full support and resources.

Michelle O'Neill, Northern Ireland Deputy First Minister

 

WHAT PROPERTYMARK IS DOING

On the back of members' comments, Propertymark is bringing these to the Government’s attention to ensure the sector’s voice is heard. We will inform members of any further progression.