Finance
‘No radical change to property taxes’ expected in the March Budget
But major property tax reforms are on the cards longer-term...
Stamp Duty holiday ‘has been an added bonus rather than the driving factor’ for most home-buyers
Half (48%) of current home-buyers are worried they’ll miss the 31st March Stamp Duty holiday deadline, according to a survey by HNW mortgage broker Enness.
Developer picks up prime riverside site in Taplow, with plans for nine new houses with private moorings
Gage Properties has secured a £15m loan for the acquisition and development of a nine-house scheme in Buckinghamshire, each with its own private boat mooring on the River Thames.
Prime resi development lender secures £72m institutional funding line
Investor appetite for luxury property plays "increased significantly" last year, reports CapitalRise.
Coreco acquires regional brokerage
London-based broker picks up Mortgages Online as part of national growth drive.
Mortgage lending climbs to highest level since 2007
More house purchase mortgages were approved in November than in any month since August 2007, according to the latest count from the Bank of England.
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.