Finance
Development Securities sells Westminster Palace Gardens for £21.9m
Development Securities has completed on the disposal of residential and retail components at Westminster Palace Gardens, which sold for £21.9m (netting the developer a profit of £2m).
Trevor Abrahmsohn on taxing the rich until the pips squeak
It's time to wake up and smell the Laffer-flavoured coffee, says Trevor Abrahmsohn...
Native Land snap up major Mayfair resi opportunity
Shortly after a Gulf based investor took a 45% stake in the company, Native Land has exchanged contracts to acquire a prime resi development site at 30 Old Burlington Street, London W1 from Standard L…
Battersea Power Station development “to start next year”
David Cameron has announced that Battersea Power Station's long-awaited £8bn redevelopment will will begin next year, describing the 16ha site and Rafael Vinoly plans as “quite simply one of the most …
Required Reading: new French taxes on property owners explained
Francois Marchand
Overseas investment creating ‘distorted and dysfunctional’ PCL housing market
Left-leaning think-tank, the Smith Institute, has called on the Government to address the impact of overseas buyers purchasing PCL homes for investment purposes
Required Reading: resi tax crib sheet
The legal gurus at Mishcon de Reya have produced a very handy guide to taxes on UK residential property
Huge double tax hit for British owners of second homes in France
UK residents who own second homes in France now face a double tax on property income as Francoise Hollande launches a new 15
Developers cater for Asian influx
With Asian buyers reportedly accounting for 60 pc of new build properties purchased in Central London in 2011, developers are increasingly tailoring projects to appeal to their top demographic
Reduced Inheritance Tax rate for philanthropists
From 6 April 2012, people who leave at least 10 per cent of their net estate to charity may be able to pay a reduced rate of Inheritance Tax of 36 per cent
Heritage Tax confirmed from 1st October
In a disappointing result for heritage organisations, HMRC has confirmed that VAT will be charged on alterations to listed buildings from 1st October 2012
Floods could cost £2.5 billion – again
This year's summer flooding marks the fifth anniversary of 2007's floods, which cost the insurance industry £2.5 billion.