Sunak floats CGT hike in a ‘triple tax raid on the wealthy’
Bank Holiday weekend newspapers carry "leaks" of Treasury plans for a "£30bn triple tax raid" and/or a "quintuple whammy of tax increases".
What to read next
New CGT rules ‘could create a cashflow & compliance nightmare’ for property owners
HMRC proposes a 30-day payment window for Capital Gains Tax payments, and more admin
By PrimeResi
Think tank calls for a Property Capital Gains Tax to ‘pay for the coronavirus’
Michael Johnson and the Social Market Foundation are calling for "tens of billions of pounds of new taxes to be levied on increases in the value of homes", with a new Property Capital Gains Tax replacing…
By PrimeResi
Government orders review of Capital Gains Tax
This CGT review could be "the starting pistol for a tax grab ahead of the Autumn budget later this year", suggest analysts.
By PrimeResi
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Full-floor shell penthouses atop Park Lane ‘Grande Dame’ building seek £50mn
Agents instructed on 19,000 sq ft with planning for four big laterals in Art Deco landmark overlooking Hyde Park.
By PrimeResi
Super-prime construction firm builds leadership team
Knowles makes trio of senior appointments amid ‘increasing demand’ for top-end services in London and further afield.
What do the wealthiest want? Four questions, 32 experts, ten key findings
'Something has shifted at the very top of the market,' declares LPF boss Priya Rawal after consulting a panel of luxury property insiders.
By PrimeResi
High-profile developer wins £1.9mn SDLT battle over Chelsea mega-mansion
Upper Tribunal dismisses HMRC appeal in long-running tax dispute.
Developer offers £42k private school sweetener to homebuyers
Two years of fees are on the table at a north London scheme as firms look to tempt purchasers with increasingly inventive incentives.
‘A once-in-a-lifetime opportunity’: Historic Cotswolds estate hits the open market
Grade II* mansion in 230 acres, used as a school for more than a century, has the potential to be reborn as a spectacular private residence.
Rare receivership sale completed on Eaton Square
Lateral Belgravia penthouse sells above guide after drawing ‘very high’ viewing numbers.
‘2026 likely to prove one of the lowest years for London transaction volumes on record,’ warns Foxtons boss
Major estate agency's profits hit hard by 'materially lower' sales volumes and 'short-term volatility' in the lettings market.
By PrimeResi
Knightsbridge Gate nears sell-out after £30mn double deal
Middle Eastern buyer picks up two neighbouring apartments at the luxury PCL scheme, leaving just one residence available.
Burnham ‘rules out’ scrapping Stamp Duty in the next Budget
But other reports suggest the new government is 'actively looking' to replace council tax & stamp duty with a new system.
By PrimeResi
LATEST ARTICLES
Savills completes $1.1bn real estate investment bank acquisition
The big deal 'accelerates Savills strategy to scale in North America while strengthening its leadership position in both EMEA and Asia Pacific.'
By PrimeResi
King’s bank flags ‘materially improved’ PCL property market as prices, activity & confidence rise
Deal volumes jumped 48% from Q1 to Q2, as Coutts points to 'some of the most attractive opportunities seen in the Prime London market for more than a decade.'
By PrimeResi
Knight Frank’s Tom Bill on Burnham’s first fortnight
Agency's resi research boss looks at the early effects of Andy Burnham’s appointment as PM on the UK property market.
By Tom Bill
Hamptons & John D Wood owner cites ‘very challenging’ market as H1 profits tumble 92%
The UK's biggest estate agency group said lettings and surveying again helped offset the slowdown in sales activity.
Savills recruits West Suffolk specialist
Former Jackson-Stops agent has joined the Savills Ipswich team as associate director.