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Search Results for: property tax

Charlie Mullins, the outspoken multi-millionaire entrepreneur and founder of Pimlico Plumbers, has declared his support for Reform UK following his move abroad to avoid paying further taxes under the new Labour government.

The non-doms have packed their suitcases and the tax base is going with them

9 April 20263 May 2026 Columns, Opinion Richard Alvin 0 Comments

A year after the non-dom regime was scrapped, says Richard Alvin, the data is in. The capital, the giving and the City salaries that have left town tell their own story.

It is the morning of 6 April, the first day of the new British tax year, and I have spent the last hour staring at a payroll spreadsheet that has, by some entirely legal arithmetic, just deducted another £1,360 a month from the operating margin of our smallest subsidiary.

Happy New Tax Year: same kicking, slightly higher boot

6 April 20263 May 2026 Columns, Opinion Richard Alvin 0 Comments

6 April brings higher employer NICs, the rates revaluation, and IHT bear-traps for family firms. Richard Alvin: in Britain, ‘growth’ is something done to you, not for you.

Chancellor Rachel Reeves delivered her Spring Statement to the House of Commons under the shadow of escalating conflict in the Middle East and mounting fears of a renewed inflation shock driven by surging energy prices.

Labour’s tax uncertainty is pushing Britain’s wealthiest towards the exit

4 April 2026 In Business Amy Ingham 0 Comments

Two-thirds of Britain’s ultra-wealthy have considered leaving the UK, with inconsistent tax policies cited as a bigger factor than high rates, according to a new BDO survey of multi-millionaires.

Family business owners across the UK have warned that sweeping changes to inheritance tax rules risk undermining long-term growth, forcing sales and diverting investment away from expansion, as new limits on business relief come into force.

Inheritance tax overhaul sparks backlash as family firms warn of lasting damage

1 April 2026 In Business Jamie Young 0 Comments

Family businesses warn inheritance tax reforms will force sales and curb growth as new £2.5m cap on business relief takes effect.

Farmers and business owners have launched a High Court challenge against the government’s inheritance tax reforms, arguing that ministers acted unlawfully by failing to properly consult on changes that could reshape the future of family-run enterprises.

Farmers launch High Court challenge over inheritance tax reforms amid consultation row

19 March 2026 News Jamie Young 0 Comments

Farmers and business owners launch a High Court challenge against UK inheritance tax reforms, arguing the government failed to properly consult on major APR and BPR changes.

Thousands of British expatriates fleeing the escalating conflict in the Middle East are urging the UK government to clarify whether they could face unexpected tax bills after returning to Britain earlier than planned.

British expats fleeing Middle East conflict fear unexpected UK tax bills

16 March 2026 News Amy Ingham 0 Comments

British expats returning from Dubai amid the Middle East conflict fear unexpected UK tax bills as emergency returns risk breaching the 183-day residency rule.

As real estate markets across the United States adjust to higher interest rates and slower growth, South Florida continues to stand out as an exception, particularly in the luxury segment.

South Florida Luxury Homes: 2026 Investor Guide (ROI + Taxes)

24 February 20263 March 2026 Business Business Matters 0 Comments

As real estate markets across the United States adjust to higher interest rates and slower growth, South Florida continues to stand out as an exception, particularly in the luxury segment.

The interest rate the taxman charges on unpaid tax has reached a 14-year high of 6 per cent, but if you expect the same return on anything it owes you, you’ll be out of luck.

One million miss HMRC tax return deadline as penalties begin

3 February 20263 February 2026 News Jamie Young 0 Comments

Around one million taxpayers missed the HMRC self-assessment deadline, triggering automatic £100 fines and potential interest charges for late filers.

The billionaire brothers behind Betfred have topped the Sunday Times 2026 Tax List, after paying an estimated £400.1 million to the UK Treasury, making them the country’s biggest individual taxpayers.

Betfred brothers top Sunday Times tax list with £400m bill as stars and entrepreneurs pay record sums

2 February 2026 In Business Amy Ingham 0 Comments

The Betfred brothers top the Sunday Times 2026 Tax List after paying £400m, with Harry Styles the highest-contributing celebrity and Erling Haaland the youngest entry.

Peers have warned that the government’s proposed inheritance tax reforms covering pensions could place an unrealistic and potentially unmanageable burden on personal representatives, creating widespread delays, cashflow pressures and legal risk for those administering estates.

Lords warn pensions inheritance tax changes risk overwhelming personal representatives

28 January 202627 January 2026 News Jamie Young 0 Comments

A House of Lords committee has warned that proposed inheritance tax changes on pensions will place an unmanageable burden on personal representatives, risking delays, cashflow problems and rising costs.

The High Court has granted an urgent hearing to a judicial review challenging the Government’s proposed changes to inheritance tax reliefs for farms and family businesses, in a move that significantly raises the legal stakes around reforms currently passing through Parliament.

High Court fast-tracks judicial review into inheritance tax relief reforms

27 January 202627 January 2026 Legal, News Jamie Young 0 Comments

The High Court has granted an urgent rolled-up hearing for a judicial review challenging the Government’s proposed changes to Agricultural and Business Property Relief from inheritance tax.

Capital gains tax (CGT) receipts fell sharply last year, reinforcing concerns that higher taxes on investment gains are failing to deliver additional revenue while discouraging business activity.

Capital gains tax receipts fall 8.4% to £13.5bn as investors delay disposals

22 January 2026 In Business Amy Ingham 0 Comments

Capital gains tax receipts fell 8.4% to £13.6bn in 2025, HMRC data shows, prompting warnings that higher CGT rates and lower allowances are discouraging investment without raising revenues.

Some of Britain’s most recognisable retailers and visitor attractions are bracing for dramatic swings in their business rates bills from next April, as the 2026 revaluation lands with what has already been dubbed across the sector as “Reeves’ Christmas tax”.

‘Reeves’ Christmas tax’ creates big winners and losers as 2026 business rates shake-up hits retail

15 December 202514 December 2025 In Business Amy Ingham 0 Comments

New analysis shows the 2026 business rates revaluation will sharply raise bills for seasonal and destination retailers while cutting costs for major high street names.

The head of one of Britain’s best-known law firms has warned that Rachel Reeves’s reported plan to raise taxes on limited liability partnerships (LLPs) could drive professionals and entrepreneurs out of the UK, undermining London’s status as a global business hub.

The new tax stack: how overlapping levies are quietly rewriting UK business models

8 December 20258 December 2025 Business Business Matters 0 Comments

UK firms are juggling windfall taxes, packaging levies, higher business rates and rising NICs. Here is how that stacked tax load is reshaping business models.

Labour has suspended one of its own MPs after he broke ranks to vote against the party’s contentious inheritance tax changes for farmers, deepening internal divisions over the reforms and fuelling anger in rural communities.

Labour suspends MP Markus Campbell-Savours for defying party over inheritance tax raid on farmers

3 December 20253 December 2025 News Amy Ingham 0 Comments

Labour MP Markus Campbell-Savours has been suspended after refusing to back the party’s inheritance tax reforms affecting farmers, highlighting deep rural anger and internal party unrest over changes to agricultural property relief.

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This months magazine

Business Matters 4th anniversary cover - February 2026

Opinion

Last Thursday evening I stood in a pub off Brewer Street with a pint in one hand and an elbow on the bar, talking with an old friend that I regularly find myself taking over the media world with. 

Please remain seated: Westminster’s war on vertical drinking

Eat up and get out: why dawdling diners are killing UK restaurants

Cabinet on sun loungers? Andy Burnham’s Love Island premiership

Technology

Jeff Bezos has thrown his weight behind one of Cambridge's most closely watched artificial intelligence ventures, joining a $400 million fundraising that values materials-discovery specialist CuspAI at $2.6 billion.

Amazon tops $3trn as AWS sales grow 36.7 per cent

Apple lodges fresh legal challenge over UK data access order

Apple faces a class action worth up to $32.5 billion over the collection of biometric information from users of its Photos app, after the US Court of Appeals for the Seventh Circuit on Thursday denied the company's appeal against a ruling certifying the class.

Apple faces $32.5bn Illinois lawsuit over iPhone face scans

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