Finance
Chancellor set to leave CGT rates for second homes ‘untouched’
New leaks from Downing Street suggest Rachel Reeves is planning to leave Capital Gains Tax on property sales unchanged, while increasing rates on other asset sales by 'several percentage points'.
Economists warn of landlord ‘exodus’ if CGT rises
Capital Economics has modelled what would happen if Capital Gains Tax went up to 45% for the highest-earning landlords and second home owners.
‘Britain is being turned into the departure lounge’ warns non-dom lobby group
'The government is listening,' say lobbyists calling for a rethink on the abolition of non-dom status.
HNWIs ‘are deeply concerned’ about this month’s Budget event, warns top estate agency boss
Winkworth's Dominic Agace wants the Chancellor to 'avoid intervening in the UK economy' on 30th October.
Chancellor weighs CGT hike up to 39%
Treasury models seen by The Guardian suggest hiking Capital Gains Tax that much would be 'detrimental' to the national finances.
GB Bank continues growth ambitions with four senior appointments
New exec team 'will be pivotal as we continue to grow and solidify our position as the Bank of choice for specialist property finance,' says recently-appointed CEO Mike Says.
GB Bank installs new Chair; secures £20mn funding boost
It's a 'transformational time' for the expanding property lender, says incoming Chairperson Huw Morgan.
Short-term lender salvages superyacht deal with super-fast £18.2mn loan
Cohort Capital received a big-ticket loan request on Friday afternoon - to secure a superyacht on a Belgrave Square apartment - and closed the deal before lunch on Monday.
FCS Compliance launches free AML reminder service
'AML Protect' aims to help businesses avoid one of the biggest drivers of HMRC AML fines
£8mn backing for ‘prestigious’ resi project in Wimbledon
Golden Earth Developments is collaborating with high-end design firm Gunter & Co on the CapitalRise-backed scheme.
Property Industry Reactions: BoE holds interest rates at 5%
Today's unsurprising decision 'suggests that bringing interest rates down will be a test of stamina not speed,' notes Jackson-Stops boss.
Auriens Chelsea completes on £140mn refinancing deal
Luxury retirement living developer's new management team says the long-term finance package 'demonstrates the market’s confidence in its bright future.'