Autumn Budget: Mansion Tax unveiled by stealth
The government has introduced a tax on properties worth over £2 million, though it will come in the form of ‘council tax surcharge’. The surcharge will be £2,500 for a…
Autumn Budget: Tax on rental income to increase
Property income taxes will rise by 2% from April 2027, bringing the rate to 22%, 42% and 47% for basic, higher and additional rate taxpayers respectively. Reaction William Reeve, chief…
OBR: Property taxes to infringe on house price growth
Higher taxes on rental income will cut house price growth according to Office for Budget Responsibility (OBR) – though growth is only predicted to take a 0.1% hit per year.…
Accidental landlords most affected by Budget tax hike
Accidental landlords will be among those most impacted by Chancellor Rachel Reeves’ Budget speech. That is according to David Adams, managing director of leading Cheshire and North Wales estate and…
Commentators relieved Autumn Budget is over
Property professionals are reassured that the Autumn Budget has given the industry some certainty – by not making any seismic changes. The budget saw the planned introduction of a ‘council…
Knight Frank on the Mansion Tax and upward rental pressure
Tom Bill, head of UK residential research at Knight Frank A new tax on homes worth more than £2 million was announced, but there are questions over how much it…
Heat pump adoption well behind long-term target
Only 5% of the government’s air source heat pump installation target is being met in England and Wales under the Boiler Upgrade Scheme (BUS), data analysed by Hewer Facilities Management…
Global investors call for faster base rate cuts to boost UK’s appeal
The majority (60%) of global institutional investors think the UK risks losing ground internationally without faster base rate cuts. Further Bank of England base rate cuts could boost consumer spending,…
Central Glasgow ibis sold to international group
An ibis hotel has been sold to an international hotel group for approximately £7.5 million. The 101-bedroom hotel, located on Miller Street in Glasgow city centre, was developed by Maven…
Campaign launches to introduce voluntary Future Homes Standard
Construction veteran Steff Wright has called for the government to roll out a voluntary Future Homes Standard (FHS) and incentivise its uptake via targeted stamp duty relief. This would work…