Shared home ownership

Shared home ownership offers a more accessible route to owning a home for those who cannot afford the full deposit or mortgage on a property that suits their needs. Under this scheme, buyers purchase a share of a property, typically between 10% and 75% of its market value and pay rent on the remaining portion to a housing provider.

The initial purchase can be funded through a mortgage or savings, along with a deposit usually ranging from 5% to 10% of the share. Over time, owners have the option to buy additional shares in the property through a process known as “staircasing,” reducing the amount of rent paid to the landlord.

Shared ownership lets buyers get on the housing ladder with a smaller deposit and a part-rent, part-buy model.

Shared ownership properties can be new builds or resales and are often available through housing associations or local councils. For individuals with long-term disabilities, adapted homes may also be available through the scheme.

All shared ownership homes are leasehold, and buyers are typically responsible for service charges and ground rent.

Different rules apply in Northern Ireland, Scotland and Wales where alternative schemes, such as Right to Shared Ownership, may apply if you are currently renting.

Shared ownership can help individuals get on the ladder towards full home ownership making it a valuable option to consider.

1 August 2025 – Due date for corporation tax due for the year ended 31 October 2024.

19 August 2025 – PAYE and NIC deductions due for month ended 5 August 2025 (If you pay your tax electronically the due date is 22 August 2025)

19 August 2025 – Filing deadline for the CIS300 monthly return for the month ended 5 August 2025. 

19 August 2025 – CIS tax deducted for the month ended 5 August 2025 is payable by today.

1 September 2025 – Due date for corporation tax due for the year ended 30 November 2024.

19 September 2025 – PAYE and NIC deductions due for month ended 5 September 2025. (If you pay your tax electronically the due date is 22 September 2025)

19 September 2025 – Filing deadline for the CIS300 monthly return for the month ended 5 September 2025. 

19 September 2025 – CIS tax deducted for the month ended 5 September 2025 is payable by today.

To support taxpayers, HMRC has introduced new digital services as part of its Transformation Roadmap, making it easier to manage Self-Assessment tax affairs online.

What’s new?

• Easier registration and opt-out for Self-Assessment.
• Improved on-screen messages to reduce uncertainty and limit the need to chase HMRC.
• A better online appeal process for late filing and late payment penalties.

Why it matters

1. File early and pay smarter
   Tax payers are being encouraged to file their 2024-25 Self-Assessment return early. This allows them to check their liability and, if income has fallen, potentially reduce the amount due in January. It also means any refund due can be received earlier.
2. Spread the cost
   Payments on Account allow you to pay tax in two equal instalments, on 31 January and 31 July, based on the previous year’s bill. Any remaining balance for the year must be paid by 31 January 2026, alongside the first instalment for the following year.
3. Digital-first convenience
   HMRC is continuing its digital shift, with a goal of handling the majority of taxpayer interactions online by 2030. 

Final thoughts

Early filing, reviewing income changes, and HMRC support with digital services aims to reduce anxiety and improve cash flow planning for tax payers.