Property
How will the new UK budget effect property and investors?
On Wednesday Chancellor Rishi Sunak revealed a bumper £150 billion worth of spending in his new UK budget, as well as a variety of reforms and tax changes. He said he was presenting a “new age of optimism” with his “generous” Budget promising public spending increases of 3.8% a year in real terms. The Chancellor…
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Government Launches Mortgage Guarantee Scheme
At Budget 2021, Chancellor Rishi Sunak announced a mortgage guarantee scheme that aims to help first time buyers or current homeowners secure a mortgage with a 5% deposit. This measure is designed to ensure the property market remains buoyant and the property sector healthy after a tough year for many businesses. Beginning on 19th April…
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Budget 2021: Key Points
In his recent Budget 2021 announcement, Chancellor Rishi Sunak set out the UK Government’s spending plans for the next fiscal year. It aims to start rebuilding public finances as we move out of the coronavirus pandemic whilst continuing to protect jobs and livelihoods. As such, it contains a mixture of measures, many of which relate…
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Landlords review options following Chancellor’s announcement on Capital Gains Tax
The Chancellor’s recent announcement of a major overhaul of capital gains tax, together with the controversial buy-to-let tax changes over the last three years, is driving landlords to consider significant changes to their property portfolios. Under the proposals, the maximum capital gains tax (CGT) rate of 28% could be raised closer to income tax rates,…
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Capital Allowances on Commercial Properties
Business owners are forever on a quest to reduce their tax bills. Many are unaware however, that one way they can do this is by claiming capital allowances on their commercial property, through which they can offset the resulting tax relief against their taxable profits. It has been estimated that just 10% of UK businesses…
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Inheritance Tax Explained
Inheritance tax is arguably one of the most disliked taxes in the UK. Though it raises far less income for the Government than VAT or income tax, it causes much ire because it is seen as another tax on earnings which have already been taxed. Whatever your view on the controversial tax, you need to…
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