Government’s new ‘Tax Day’ brings a raft of policy consultations – but nothing major on CGT or Stamp Duty
HM Treasury has published a suite of some 30 consultation documents and policy proposals that are "designed to enhance the stability and effectiveness of the UK tax system by outlining a future pathway for its tax administration and tax policy development."
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.
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.
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.
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Knight Frank begins redundancy consultation process
Agency says fewer than 3% of its UK workforce could be affected.
The Great Fragmentation: New data charts super-prime London’s shift from two-agency dominance to a field of fifty
Exclusive: Analysis of 70 £10mn-plus sales confirms a striking shift in how PCL's biggest deals are being brokered.
Record deal sealed on Pimlico’s St George’s Square
Rare freehold townhouse changes hands at close to £10mn asking.
First Look: Albion Nord completes £6.7mn show home at Bishops Avenue Gardens
Arts & Crafts meets luxury living in first apartment to be unveiled at new Billionaires' Row scheme.
Salboy launches fourth central London scheme
Studio Power has designed the ten-apartment scheme in Camden for Salboy & Forge Homes.
Rare and historic homes change hands as north London’s top end stirs
Savills reports a busy few weeks in Hampstead and St John's Wood, with buyers snapping up blue-plaque houses, trophy homes and a £13.5mn mansion conversion project.
‘Bold buyers snap up deals’: Super-prime agent calls for ‘the end of caution’ in PCL
'Decisive buyers are dominating,' says Peter Wetherell, following a five-day five-deal run worth nearly £25mn.
Family office buys mixed-use property parade in South Kensington
Eastway Estates spent £11mn on the row of buildings on Bute Street.
More ‘legacy’ properties set to change hands in London this year, says top dealmaker
UK Sotheby's private office chief expects market confidence to build, with continued competition for the capital's best homes.
Japanese behemoth to buy top-end construction giant Multiplex
Multiplex's prime London projects include 30 Grosvenor Square, St John's Wood Square, The Broadway & Television Centre.
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Strutt & Parker recruits Knight Frank’s Glanville to lead prime cities push
BNP Paribas-backed agency steps up expansion across key regional markets.
Russell Simpson bolsters Mayfair lettings team
PCL specialist joins firm's Mayfair & Marylebone operation from Clifton Property Partners.
Industry Reactions: On early binding agreements & the government’s wider homebuying ‘shake-up’
Agents and conveyancers seem split on the latest proposals; there's a broad welcome for binding deals but some scepticism on sales packs.
Burnham’s rise revives the big property tax question
The former Manchester Mayor and Prime Ministerial hopeful has been a long-standing advocate of a Land Value Tax to replace Stamp Duty.
Prime London rents rise at fastest pace in nine months
LonRes reports annual rental growth of 2.7% across the prime postcodes in May - but latest jump is 'more likely to be a coincidence' than a direct result of the Renters’ Rights Act coming into effect.