The Association of Accounting Technicians is concerned that a proposed increase in stamp duty for non-UK residents buying residential property in the UK will have an impact beyond its intended target of foreign investors.
Search Results for: property tax
Families Rush to Transfer Property Amid Fears of Labour’s Inheritance Tax Crackdown
Wealthy families are fast-tracking estate transfers to their children amid concerns over potential inheritance tax changes under a Labour government.
5 Ways To Reduce Taxes On Your Investment Property
Some individuals can get caught up with their investments by overlooking the tax consequences, including capital gains taxes.
Property Industry Set To Lose Out Due To Low Awareness Of Tax Legislation
Levels of awareness surrounding a significant change in capital allowances legislation is extremely low and there is potential for hundreds of millions of pounds to be lost, according to CBRE.
UK Commercial Property Owners to Lose Three Quarters of a Billion Pounds of Tax Relief in the Next Tax Year
Britain’s commercial property owners, many of whom are everyday businesses, are set to lose more than three quarters of a billion pounds in unused tax relief in the coming financial year, according to capital allowances tax specialists, and ICAEW affinity partner, Catax Solutions.
West Ham chairman blames government tax crackdown for super-rich exodus ahead of budget
West Ham chairman David Sullivan claims the Government’s crackdown on non-doms is driving the super-rich out of Britain, forcing him to sell his £65m London mansion at a loss.
One-third of homes for sale now chain-free as tax fears loom ahead of budget
A third of homes on the market are chain-free as landlords and second-homeowners sell amid concerns over potential capital gains tax changes in the upcoming Budget, Zoopla reports.
Next CEO sells £29m stake as capital gains tax reforms loom under Reeves
Next’s Lord Wolfson sells a £29m stake ahead of potential capital gains tax changes in Rachel Reeves’s first Budget. Investors brace for tax hikes amidst record CGT receipts.
Family firms accuse Labour of dishonesty over tax plans, warn of threat to British business
Family-owned businesses accuse Labour of dishonesty over potential tax hikes, warning that changes to inheritance tax reliefs could force closures and threaten British enterprise.
Wales considers 25% income tax cut to tackle rural depopulation and ‘brain drain’
The Welsh Government is weighing the introduction of tax breaks to stem the tide of people leaving the country, particularly from rural areas, and to preserve the Welsh language.
Landlords could face £90,000 capital gains tax bills under labour’s proposed tax changes
Landlords in the UK may face capital gains tax bills of up to £90,000 under Labour’s proposed tax shake-up, aligning capital gains tax with income tax. Discover the potential impact on the property market and landlord decisions.
Housing crisis leaves 21 hopeful tenants battling for each rental property
The UK rental market crisis has intensified, with 21 tenants vying for every available property. With rents rising and a shrinking supply, discover how policy changes and market dynamics are affecting tenants and landlords alike.
Pimlico Plumbers founder Charlie Mullins to sell £12m penthouse as he exits UK ahead of tax hike fears
Pimlico Plumbers founder Charlie Mullins is selling his £12m penthouse and leaving the UK due to fears of a Labour tax hike. Learn about his plans and new business ventures abroad.
Landlords rush to sell amid fears of capital gains tax hike
Landlords are increasingly selling rental properties amid fears of a capital gains tax increase in the upcoming budget, with London seeing the highest proportion of sales.
UK private sector economy outpaces expectations in August despite tax concerns
The UK’s private sector economy grew faster than anticipated in August, with the PMI hitting a four-month high. However, businesses remain wary of potential tax hikes in Rachel Reeves’s first budget.
