Housing market activity was relatively subdued during the first half of the year, reflecting persistent affordability pressures. Political and economic uncertainty was also heightened in the period and this may have influenced potential purchase and refinancing...
According to recent research by the TDS Charitable Foundation, more than a third of landlords in England who raised rents did so to keep pace with local market rates as the rental market continues to be strained by a housing shortage. The report found that 60% of...
The UK office market is experiencing significant challenges, with properties selling at an average of 18% below their asking prices, the largest discount seen since the 2008 global financial crisis. According to data from CoStar, this substantial drop reflects weak...
The upcoming changes to the UK tax regime for furnished holiday lettings (FHL), set to take effect in April 2025, will significantly reduce the tax advantages for individuals operating FHL businesses. As a result, those affected are advised to take action ahead of the...
Annual growth in UK house prices quickened last month, according to data from mortgage lender Halifax. The growth rate increased to 2.3% in July, up from 1.6% in June, marking the highest annual growth rate since January. House prices rose by 0.8% in July compared to...
The UK Government is considering aligning capital gains tax (CGT) rates with income tax rates to address a £22 billion fiscal deficit, potentially increasing CGT rates up to 45%. This move could increase the average landlord's tax bill by £11,000 and trigger a mass...
Research by Quilter suggests that landlords could face significant increases in capital gains tax (CGT) if Chancellor Rachel Reeves adjusts CGT rates to match income tax rates in her upcoming Budget on October 30th. This move is considered as a measure to address a...
A Propertymark report sheds light on the significant and far-reaching consequences of the Conservative government’s phased removal of mortgage interest rate relief under Section 24 of the Finance (No.2) Act 2015. Introduced by former Chancellor George Osborne, the...
The average inheritance tax (IHT) bill in the UK for the 2021/22 tax year has reached an unprecedented high of £215,000, reflecting a broader trend of increasing IHT burdens due to rising property prices and accumulated savings. Here's a detailed analysis of the...
The abolition of the furnished holiday lettings (FHL) tax regime, confirmed earlier this week, will significantly harm local economies, according to the Country Land and Business Association (CLA). The CLA's statement comes in response to the UK government publishing...
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Cornwall Insight have released their final October-December 2024 price cap forecast. "We are forecasting energy bills...
The recent "Mail on Sunday" report on the buy-to-let sector emphasizes the challenges landlords currently face due to...