Pressure builds for CGT reform
The Resolution Foundation is calling for “the biggest reforms to wealth taxation in a generation”
London Mayor suggests a ‘ground-breaking’ levy on housebuilders’ profits
Sadiq Khan has suggested a one-off 10% tax on major housebuilders’ profits over the last ten years, to fund Grenfell-induced building safety improvements.
Surprise property tax hike for second homes & buy-to-lets in Wales
The Welsh Government has increased Land Transaction Tax rates for additional homes, effective from today.
Budget 2021 date set for 3rd March
Chancellor Rishi Sunak will outline another round of fiscal policies before the scheduled end of the Stamp Duty holiday.
No extension to the Stamp Duty holiday, says Government
“The Government does not plan to extend this relief” beyond 31st March, says an official statement in response to a popular online petition.
A one-off wealth tax on £1m+ households is the best way to pay for Covid-19, says think tank
“A one-off wealth tax would work, raise significant revenue, and be fairer and more efficient than the alternatives,” suggests an in-depth report from The Wealth Commission.
Enness launches Swiss outpost
High net worth mortgage broker Enness has opened its sixth international office, in Geneva.
Coreco’s Montlake to lead mortgage broker trade body
Andrew Montlake has been named Chair of The Association of Mortgage Intermediaries.
Maslow and M&G team up for property development finance plays
Specialist real estate lender Maslow Capital has signed a funding agreement with finance heavyweight M&G Investments.
Century backs super-prime renovation project in Belgravia
Lender notches up its largest deal of the year, structuring a £9m gross facility to fund the renovation of ‘one of the most significant homes in Belgravia’
Foreign Office warns of ‘Magnitsky-style sanctions’ on Chinese individuals
Sanctions against individuals following China’s antics in Hong Kong could involve high-value property assets in the UK.
Government review pitches £14bn CGT hike, potentially doubling rates for second-home owners
There are “a range of areas in which Capital Gains Tax is counter-intuitive and creates odd incentives”, says the Office of Tax Simplification in a comprehensive review of the CGT regime.