Finance
China launches retroactive tax crackdown on wealthy citizens’ offshore assets
Beijing is said to be pursuing HNWIs for unpaid tax on overseas assets going back decades.
8/10 UK adults believe lifetime gifts trump inheritance, but most hold back
Research flags 'a genuine shift in how people think about wealth, away from the traditional inheritance model and towards active giving during their lifetime.'
Property Industry Reactions: Interest rates held at 3.75% for a fifth time
Most pundits think the UK central bank's latest vote represents welcome 'stability' for the market.
Property developer confidence ‘deteriorates further,’ says lender
Quarterly survey reveals a sharp jump in the number of resi developers saying they are 'less likely' to break ground on development or investment projects.
High-profile developer wins £1.9mn SDLT battle over Chelsea mega-mansion
Upper Tribunal dismisses HMRC appeal in long-running tax dispute.
One in 10 UK home buyers use overseas funds – claim
Due diligence platform flags the prevalence of cross-border funding in the property market.
Longstanding West End agency launches finance arm
Robert Irving Burns recruits industry veteran to head up new specialist operation.
Topland serves up £24.4mn loan for Belgravia trophy home
Deal involved a 16,300 sq ft residence on one of the district's most prestigious addresses.
Resi developer confidence slumped in Q1
'The market remains extremely challenging to navigate,' says property finance boss.
Maslow Capital installs new origination chief
Company veteran steps up.
International real estate lender moves on Swiss resi market
Eldridge has agreed loans worth c.£107mn for a trio of residential-led developments by LIKA.
MFS administrators flag scale of PCL disposals
Care would be required not to 'flood the market', say practitioners, citing 'significant real estate… in particularly valuable parts of central London'.