‘No radical change to property taxes’ expected in the March Budget
But major property tax reforms are on the cards longer-term... "Ministers and officials are looking at the tally of winners and losers from the abolition of council tax and stamp duty," reports the Sunday Times. "They would be replaced with a proportional property tax, levied on the existing values of homes."
What to read next
Budget 2021: Property industry reactions
"This Budget could be regarded as a reprieve for the housing industry," says one commentator, while others bemoan an "underwhelming" speech...
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.
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.
Most read
Savills completes £170mn townhouse run at Chelsea Barracks
Contracts exchanged on £40mn Banda-designed residence, rounding out sales at Mulberry Square.
‘The penny has dropped’: London’s supply of supersized apartments is drying up
‘Signs of urgency’ emerge around the capital’s top schemes as new figures reveal how Westminster’s size limit is reshaping the super-prime landscape.
‘New strategy’ drawn up for 15,000 sq ft Belgravia trophy
Three-building spread could be transformed into one of PCL’s most valuable private residences.
US brokerage giant launches global division for cross-border property deals
Compass rolls into international markets including the UK with new agent network.
Picky buyers & patchwork performance: The state of Prime Central London in 2026
Fresh data and charts reveal differing fortunes across the capital’s luxury property heartlands - and offer some pointers as to what happens next.
Agency reports biggest month for country house exchanges since 2022
After a dry few years, Strutt & Parker heralds 'a return of confidence in decision making for both buyers and sellers.'
Social Circuit: LA London toasts 45 years at end-of-summer party
More than 200 property and design names gathered on the architect’s London Bridge rooftop for its annual industry bash.
Super-prime Kensington development launch draws over 150 agents
In Pictures: London’s prime property crowd gets first look inside REDD’s newly completed One Palace Green.
Philip Harvey: What’s really driving global wealth flows in 2026?
Property Vision’s senior partner on the return of Dubai expats, the rise of the ‘certainty premium’ and where mobile wealth is heading next.
£18mn Hampshire estate comes with its own indoor riding school
Agency brings recently-built 12,615 sq ft mansion in 152 acres to market.
LATEST ARTICLES
London super-prime sales haul jumps 72% despite global slowdown
Knight Frank tracked a 'flurry of remarkable sales' in London during Q2, but US$10mn+ transaction volumes dipped slightly.
Domestic buyers drive flurry of £5mn-plus deals in Kensington
Agency reports clutch of high-end sales as local families home in on 'good quality, sensibly priced' stock.
My Property Career: Quickfire Q&A with Hamptons’ Canan Wood
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Overseas companies hold nearly 15,000 property titles in Westminster & RBKC
Land Reg data suggests Prime Central London accounts for more than a third of the capital’s overseas-company-owned property titles.
Ranked: Britain’s fastest & slowest places to get a house sale to exchange in 2026
London buyers face a much longer wait than movers in other regions.