Finance
Chancellor for the Day: What would prime resi insiders do to sort out property taxation?
We asked a selection of prime residential property insiders what they would do if they were installed as Chancellor of the Exchequer this week, and given a politically-free hand to make changes to England's…
Property tax reforms slated for post-Budget ‘Tax Day’
The Government is planning to publish a batch of consultations on tax reform on 23rd March, a few weeks after Rishi Sunak's main Budget speech on Wednesday.
Mortgage lending remains ‘relatively strong’
The number of mortgages for house purchases fell slightly from December to January, but is still well above numbers seen in the last decade.
Bloomberg: Swiss Wealth Tax rakes in cash as Covid stokes global debate
"Switzerland’s wealth tax offers a rare real-world example of how a levy on assets can work, just as such ideas gain traction elsewhere in the wake of the coronavirus crisis," writes Bloomberg journalist…
One in five HNWIs have been turned down for a mortgage
Around 18% of High Net Worth Individuals have been turned down for a mortgage in the last decade, reports Butterfield - 6% more than at this time last year.
BoE warns of negative interest rates to come
The Bank of England’s Monetary Policy Committee has told lenders to prepare for negative interest rates in six months' time.
CapitalRise backs Holborn office-to-resi conversion
A property developer has secured a £6.7m loan to help fund the transformation of a former office building in Holborn into eight luxury flats.
Century tees up Surrey mansion project with £2.1m development loan
The borrower is a partner in a high-end housebuilder.
MPs to debate Stamp Duty holiday extension on 1st Feb
Parliament will debate the possibility of a six-month extension to the Stamp Duty holiday after all, prompted by an online petition that has attracted over 125,000 signatures.
UK company chiefs see bonuses disappear
Tough trading conditions and avoiding criticism from investors were cited as the main reasons by Deloitte.
‘A proportional property tax would be a disaster’, warns Tory MP
"A proportional property tax would be a disaster" declares Anthony Browne - MP for South Cambridgeshire, a member of the Treasury Select Committee, and a former Europe correspondent at the Times and environment…
‘Monumentally beneficial’ Stamp Duty holiday ‘on course to save homebuyers £1.5bn’
The nine-month SDLT break is likely to cut HM Treasury's revenue by £1.5bn, says estate agency Keller William UK, having already saved property buyers £817m in tax payments.