‘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."
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
Boutique private office appoints Beauchamp’s Finch to lead property division
Paul Finch has joined Liberty Rock after nearly 20 years with super-prime agency Beauchamp Estates.
By PrimeResi
In Memoriam: London estate agency legend Tim Maskell, 1938-2025
'Tim’s legacy in the property market continues,' says Maskells' MD.
By PrimeResi
Rise of the Broker: How the business of prime London agency has changed since 2000
Alexandra Goss charts the changing face of luxury property agency over the last 25 years, from the mainstreaming of buying agents & the introduction of private offices, to the rise of independent brokers.
Knight Frank announces new Henley office head
Nick Warner will hand the reins to Matt Davies next month.
By PrimeResi
London Square readies new boutique scheme in Brook Green
The developer picked up the former school site as part of its major acquisition spree last year.
Savills flags ‘historic value’ across prime London & regional markets
Some wealthy buyers 'seize opportunity' as property prices fall.
By PrimeResi
Strutt & Parker installs new Managing Director & Head of Marketing
Gary Higgins & Tamerah Couchman have been recruited to lead the BNP Paribas-owned property firm through its 'next phase of growth'.
By PrimeResi
Savills swoops on central London heritage planning consultancy
Real estate giant bolsters heritage-led planning and design capabilities with Citydesigner acquisition.
By PrimeResi
Starboard! Ollie Marshall on wealth, Reform & what’s next for Prime Central London
The political tide is turning & savvy buyers may only have a limited window to capitalise on a heavily discounted market, explains Prime Purchase director Ollie Marshall.
Jo Eccles: Competitive bidding is taking buyers by surprise
Purchasers may think they hold all the cards right now, but heavily reduced prices are sparking bidding wars across PCL, reports top acquisition specialist.
By Jo Eccles
LATEST ARTICLES
‘About 50% of what I do is off-market’: Alex Christian of Savills Private Office on navigating London’s luxury property stratosphere
'A top agent needs to be able to put everything into context for their client...They also can’t shy away from difficult conversations'
Manchester penthouse sets new price record
UK buyer shells out £3mn for marquee unit at Salboy's Viadux scheme in 'landmark' deal.
Domestic buyers seizing unprecedented opportunities in Prime London, says agency
British purchasers now make up over 40% of Black Brick's client base, up from 25% last year.
In Pictures: Revamped Regent’s Park townhouse ‘redefines what it means to live in a period property’
Super-prime design firm Elicyon has transformed an historic Grade II listed building into a 'deeply personal' modern home for an international family.
‘Golden Age of UK property investment is over,’ claims top wealth manager
Today's home buyers 'lack the same opportunity to build wealth through housing' as previous generations, says Rathbones.
By PrimeResi