Capital gains tax on inherited property could rise if the ‘uplift on death’ is scrapped. Experts explain why panic selling now could prove costly.
Search Results for: property tax
Britain’s property tax burden is now the heaviest of any major economy
UK property taxes have hit 3.7% of GDP, the heaviest burden in any major economy, with business rates revaluations putting SME investment at risk, warns Ryan.
Serviced office operators warn chancellor that property tax changes threaten thousands of small businesses
More than 60 serviced office operators have warned Rachel Reeves that new business rates rules threaten thousands of UK SMEs, with sudden reclassification leading to steep bills and potential closures.
Homeowners could face annual property tax under Treasury plans to replace stamp duty
The Treasury is considering replacing stamp duty with an annual levy on homes over £500k. Experts warn London and South East owners could be hardest hit.
Brits buying second homes in Spain set to be hit with 100% property tax
Spain plans a steep 100% property tax on non-EU homebuyers without legal residence, hitting British purchasers hardest and sparking fierce debate over housing reforms.
Couples may be hit by new property tax
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.
Mansion tax fears trigger sharp fall in London’s prime property prices
Fears of a potential mansion tax in Rachel Reeves’s upcoming Budget have driven a 4% annual drop in London’s prime house prices — the steepest decline since 2021, according to Knight Frank.
Tax reform speculation slows high-end property sales, says Zoopla
Zoopla warns that speculation over stamp duty and council tax reforms is cooling demand for homes above £500,000, with luxury sales and listings falling ahead of the budget.
Inheritance tax haul hits £2.2bn in just three months amid rising property prices and frozen thresholds
HM Revenue and Customs (HMRC) collected a staggering £2.2 billion in inheritance tax (IHT) in the first three months of the current tax year, new data released this morning reveals—£100 million more than the same period last year.
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.
Burnham will not ‘tax the hell out of you’, says Jim O’Neill
Jim O’Neill says Andy Burnham will not ‘tax the hell out of you’ but must scrap the triple lock and overhaul welfare. What it means for your business.
Economists tell Burnham to scrap stamp duty and council tax in radical shake-up of UK tax system
Leading economists urge Andy Burnham to replace stamp duty and council tax with a 1% property value tax as part of a sweeping overhaul of the UK tax system.
