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...
Recent tax changes and regulations are exacerbating Britain's housing crisis by discouraging buy-to-let landlords from entering or remaining in the market, according to property experts Guy Gittins, chief executive of letting agents Foxtons, and Charlie Bryant, chief...
The Leasehold and Freehold Reform Act 2024 received royal assent on May 24, 2024, and represents a significant overhaul of leasehold and freehold property laws in England and Wales. The act aims to improve consumer choice and fairness in leasehold arrangements, taking...
Southwark Council has shelved £160 million worth of developments, including three projects scheduled for completion next year and one in 2026, which would have provided 231 new social rent homes. A Freedom of Information (FOI) request by Inside Housing revealed that...
A building society has indicated that the combination of the UK Labour government’s housing proposals and a regional plan for 20,000 low-carbon homes for rent could signal “a new dawn” for the housing market in the latter half of 2024. The Principality Building...
The Housing Ombudsman has launched a special investigation into Lewisham Council, a Labour council in south London, following 16 cases of 'severe maladministration' in a year and a series of compliance issues. The investigation centers on how the council responded to...
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...
Rate cut squeaks through in super-tight decision The Bank of England has cut the base rate from 5.25% to 5% The Bank of England has cut the base rate from 5.25% to 5%. The rate had held for a year The committee voted 5:4 for a cut Inflation has held at 2% for 2...
The Royal Institution of Chartered Surveyors (RICS) has expressed strong support for Deputy Prime Minister Angela Rayner’s recent planning reforms. These reforms, which have initiated an eight-week consultation period, include the reintroduction of house-building...
Election of New Chairperson for the Housing, Communities and Local Government Committee Overview The UK Parliament has initiated the process to elect the new chairperson for the Housing, Communities and Local Government Committee. This position is critical as the...
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UK house prices are showing signs of increasing for the first time in nearly two years as market activity picks up,...
The Renters' Rights Bill (RRB), was introduced by the new Labour Government, and follows the Conservative's failed...
While the Renters' Rights Bill aims to raise standards in the private rented sector, it does not include rent...