Finance
Lib Dems abandon ‘crude’ mansion tax in favour of new Council Tax bands
Just a few days after Labour threw itself behind a Mansion Tax on £2m+ properties, The Liberal Democrat party has overhauled its Mansion Tax plans, proposing the introduction of new Council Tax bands…
The Mansion Mismatch: 3/4 of London’s £2m+ homes are flats
Three-quarters of Greater London properties worth more than £2m - Labour and the Lib Dem's proposed Mansion Tax threshold for "ultra-high value homes" - are flats or terraced houses, notes Knight Frank.
Required Reading: Property tax briefing
HMRC has made a number of tax announcements recently which could have major implications for residential property owners.
Montello rebrands to LendInvest as part of corporate restructure
Short-term lender Montello Bridging Finance has has rebranded under the LendInvest identity to "avoid the issue of possible confusion".
Labouring the Point: Mansion Tax & other property market schemes
With seven months to go, Labour has outlined its plans to reform the way we live where we do should it win next year's General Election.
CGT on main residences: A housing crisis panacea?
Introducing Capital Gains Tax on main residences could fix the housing market, cutting price inflation and driving supply levels up - so says housing guru Kate Barker in a new book.
Lodha plots $5bn London resi play
India's biggest resi property developer is reportedly gearing up to splash $3bn on new assets in London over the next four years, with a further $2bn set aside for construction.
Bridgebank launches £1m+ Quantum big loan brand
Bridgebank Capital has just launched a new brand dedicated to £1m+ large loans.
£8m investment fuels Canburg’s global interiors ambition
Canburg, the owner of high-end interiors brands Smallbone of Devizes and Mark Wilkinson Furniture, has netted an £8m capital investment from the Business Growth Fund to "accelerate its UK and international…
Cordea Savills widens London resi development fund zone
Investment manager Cordea Savills has broadened the remit of its London residential development fund, to look at "select locations" across Greater London rather than maintaining the prime central focus…
Cost of owning a £2m property could rise by nearly half in four years
Humberts has worked out that the first year's ownership of a £2m home could rise by 46% over the next four years .
Where’s the Wealth? London, luxury assets and the UHNW landscape
The prime London market is closely linked to the private wealth of ultra high net worth individuals, says Savills' Sophie Chick in another installment of the agency's Prime London Autumn Spotlight.