Budget2025

Buyers, sellers and the bond market are digesting the recent property tax speculation as government borrowing costs head in the wrong direction, reports Knight Frank's UK resi research boss.

The latest pre-Budget tax speculation involves extending national insurance charges to rental income.

‘If the government truly wants a fairer system, it must consider regional variations in property values,’ warns agency, dubbing mooted reform ‘a tax on London’.

Inside views from the sharp end of the prime sector as pre-Budget rumours continue to swirl.

Property portal 'asks the government to carefully consider the impact of any changes to property taxation to avoid unintended consequences.'

'I’d be surprised if there was anything to tax in PCL from the last decade as prices have fallen 20%,' notes Knight Frank's UK resi research chief.

A top research boss, a super-prime valuer, a tax guru and a veteran agent make sense of the speculation as silly season peaks.

The Chancellor is reportedly looking into charging Capital Gains Tax on top-end homes, and/or the prospect of an annual levy on the most expensive properties.

Treasury said to be weighing charge on £500k+ homes, with council tax overhaul also on the table.

Reports suggest the government 'is trying to work out how it can tap into the vast wave of wealth that will be transferred from baby boomers when they die.'

Chancellor reportedly distances herself from proposals to raid the rich.

Ambiguity fuels fresh concerns in the prime property sector ahead of the Autumn Budget.