Tax & Other Financial

Figures from Nationwide showed house prices were largely unchanged in June following a bumper performance in May. According to Nationwide’s house price index, house prices were flat in June, dipping just £21 from May’s high to £375,110. Prices sparked 0.8% in May....

Higher interest rates have caused off-plan home sales to tumble in the UK, prompting the nation’s housebuilders to scale back development. Some 32% of new homes were sold before they were built in England and Wales last year, down from 39% in 2022 and the lowest level...

The cost of living increased sharply across the UK during 2021 and 2022. The annual rate of inflation reached 11.1% in October 2022, a 41-year high, before subsequently easing. Recent data shows the annual inflation rate was 2.3% in April 2024. Inflation affects the...

 What is Self Assessment? Self Assessment is the process used to declare and pay tax owed on untaxed income. If you are employed, your employer will deduct tax owed before they pay you - known as PAYE or ‘pay as you earn’. If you are self-employed, earn additional...

A recent survey by bridging broker Finbri highlights a significant surge in tenant demand in the private rented sector (PRS), with 71% of landlords reporting higher demand over the past year. This increased demand is driven by a shortage of rental properties, as...

A Labour government could potentially introduce rent caps, giving local councils the authority to limit annual rent increases by landlords. This proposal is similar to the Housing Bill recently unveiled in Scotland. Rachel Reeves, the shadow chancellor, mentioned this...

The impending abolition of the Multiple Dwellings Relief (MDR) by the government, set to take effect from June 1, has sparked a rush among house buyers eager to beat the deadline and avoid potential financial repercussions. This change particularly affects buyers of...

According to Halifax, British house prices rose 0.1% in April month-on-month and 1.1% year-on-year. The average house price in April now stands at £288,949. In the previous month, UK house prices fell by about £2,900 in March with the typical property value down...

The latest rental index from Knight Frank brings some relief to renters in prime areas of London, indicating a slowdown in rent increases not seen since the summer of 2021. While average rents are still rising, the growth has narrowed, with prime central London seeing...